Eric Schmidt
Source of wealth: Google
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Biography
Eric Schmidt left the board of Google parent company Alphabet in June 2019 after 18 years; he stayed on as a technical advisor until February 2020.
Schmidt was Google's CEO from 2001 to 2011; prior to that he had stints as CEO of Novell and chief technology officer at Sun Microsystems.
He co-founded Innovation Endeavors, a venture capital firm that has invested in Uber, SoFi, and Zymergen, among others.
In May 2015, his family's investment vehicle bought a 20% stake in hedge fund firm D.E. Shaw & Co. for an undisclosed price.
Perspective on their fortune
Gold
Everyday luxury
A Eric Schmidt's fortune is equivalent to 292 of gold, but this may be difficult to value, as we don't usually have a handful of gold bars in our piggy bank.
A standard gold ring typically weighs between 4 and 7 grams. Let's say this one weighs 5 grams. It's usually 18k gold.
Based on today's gold price (not taking into account the jeweler's fee, shipping, or anything else), that gold ring would be worth $556.3
Eric Schmidt could buy 77,856,840 gold rings. That's a lot of fingers and a lot of gifts!!
And if the number of rings is difficult to visualize, all these rings would need 14 trucks to transport them, But we can be almost certain that Eric Schmidt will have enough left over to pay for the gas for those trucks.
Health
The price of life
Let's compare Eric Schmidt's fortune with the healthcare spending of a huge country
Eric Schmidt could fund the entire healthcare system of DR Congo with a population of over 105,800,000 of inhabitants for approximately 19.5 years.
But even if we compare their fortune to that of a rich country
At the other extreme, Eric Schmidt could cover the health expenditure of Luxembourg, considered the world's most heavily invested health system, for 8.6 years
Education
Buying the future
Lowest education spending
Eric Schmidt could assume the entire cost of the education system of Nigeria, the most populous country in Africa, with more than 243,000,000 inhabitants for 12.7 years.
Highest education spending
But not only could he assume the cost of a poor country, Luxembourg is considered the country with the highest per capita investment in education in the world, Eric Schmidt could pay for it in full for 17.3 years.
Research
The monopoly of progress
Lowest research spending
Eric Schmidt could fully fund the state research budget of Pakistan, the fifth most populous country in the world with more than 260,000,000 of inhabitants, for 72.9 years.
Highest research spending
But even if we compare the total wealth of Eric Schmidt with Israel, the country that currently invests the most per capita in research in the world, it could assume the total cost of the system for 1.6 years.
Financial Assets
Monthly wealth history
Fortune comparison
Historical data not available for comparison