Eduardo Hochschild

Source of wealth: mining

62 years male Metals & Mining 🇵🇪 PE

Net Worth

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Earnings per second

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The scale of their wealth

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Health

The price of life

Let's compare Eduardo Hochschild's fortune with the healthcare spending of a massive country

Eduardo Hochschild could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 2.1 years.

But even if we compare their fortune with that of a rich country

On the other end, Eduardo Hochschild could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 0.9 years.

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Education

Buying the future

Let's also compare their fortune with education spending, first with a poor country

Eduardo Hochschild could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 1.4 years.

And yes, we can also compare it with a rich country

But they couldn't just cover the cost of a poor country; Luxembourg is considered the country with the highest per capita investment in education in the world, and Eduardo Hochschild could pay for it entirely for 1.9 years.

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Research

The monopoly on progress

Coming full circle, we think it's also interesting to add another gigantic country

Eduardo Hochschild could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 8.0 years.

And of course, the country that invests the most per capita worldwide

But even if we compare the total wealth of Eduardo Hochschild with Israel, the country that invests the most per capita in research in the world, they could cover the total cost of the system for 0.2 years.

While billions of people struggle to access basic healthcare, education, and research, a single individual could fund entire national systems for centuries.

Gold

Everyday luxuries

Eduardo Hochschild's fortune is equivalent to 33 tons of gold. It's hard to process, since we don't usually keep a handful of gold bars in our piggy banks.

A standard gold ring usually weighs between 4 and 7 grams. Let's say this one weighs 5 grams. It's usually 18 karats.

Based on today's gold price (excluding the jeweler's commission, shipping, or anything else), that ring would be worth $546.86.

Eduardo Hochschild could buy 8,702,357 gold rings. That's a lot of fingers and way too many gifts!!

And if you're struggling to visualize that many rings, it would take 2 trucks to transport them. Although Eduardo Hochschild will almost certainly have enough money left over to pay for the gas.

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Biography

Eduardo Hochschild is chairman of the Hochschild Group, a Peru-based mining and industrial group.

Eduardo joined the business, which his great uncle had started, as a mine safety assistant in 1987; he was appointed head of the mining group in 1998.

Hochschild also chairs Hochschild Mining, a silver and gold mining business operating three underground mines, two located in Peru and one in Argentina.

Based in Lima, Hochschild Mining went public on the London Stock Exchange in 2006.

The Hochschild Group also owns Cementos Pacasmayo, a concrete business that trades on the Peruvian stock exchange and on the New York Stock Exchange, where it listed its shares in February 2012.