Edward Stack & family
Source of wealth: Dick's Sporting Goods
...
...
The scale of their wealth
Health
The price of life
Let's compare Edward Stack & family's fortune with the healthcare spending of a massive country
Edward Stack & family could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 2.5 years.
But even if we compare their fortune with that of a rich country
On the other end, Edward Stack & family could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 1.1 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
Edward Stack & family could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 1.7 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 Edward Stack & family could pay for it entirely for 2.3 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Edward Stack & family could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 9.5 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Edward Stack & family 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.
Gold
Everyday luxuries
Edward Stack & family's fortune is equivalent to 39 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.
Edward Stack & family could buy 10,321,297 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 Edward Stack & family will almost certainly have enough money left over to pay for the gas.
Biography
Ed Stack is the executive chairman and largest individual shareholder of Dick's Sporting Goods.
His father, Dick Stack, founded the retailer in 1948 with a $300 loan from his grandmother.
Ed and his siblings bought the company from their father in 1984, when it only had two stores in upstate New York.
When his father retired that same year, Ed took over as CEO, taking Dick's public in 2002 and stepping down as CEO in 2021.
Dick's Sporting Goods now generates more than $13 billion in annual sales across more than 850 stores.
Financial Assets
Monthly wealth history
Fortune comparison
Historical data not available for comparison