Erik Must
Source of wealth: stock brokerage
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The scale of their wealth
Health
The price of life
Let's compare Erik Must's fortune with the healthcare spending of a massive country
Erik Must could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 0.6 years.
But even if we compare their fortune with that of a rich country
On the other end, Erik Must could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 0.3 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
Erik Must could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 0.4 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 Erik Must could pay for it entirely for 0.5 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Erik Must could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 2.2 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Erik Must 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 0.0 years.
Gold
Everyday luxuries
Erik Must's fortune is equivalent to 9 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.
Erik Must could buy 2,348,389 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 0 trucks to transport them. Although Erik Must will almost certainly have enough money left over to pay for the gas.
Biography
Erik Must is one of the largest private investors in the Norwegian stock market.
He got his start as a stock broker at the firm Hans P. Jeppesen, where he met Kjell Christian Ulrichsen.
The duo formed the brokerage firm Fondfinans and dominated Norwegian capital markets in the 70's and 80's thanks to savvy salesmanship.
In 1996, Must bought out Ulrichsen, and have used profits from Fondfinans to build up a large private stock portfolio.
Investments include large stakes in hydroelectric power company Arendals Fossekompani and Børregaard, a pulp and paper company.
Financial Assets
Monthly wealth history
Fortune comparison
Historical data not available for comparison