Erik Selin
Source of wealth: Real estate
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The scale of their wealth
Health
The price of life
Let's compare Erik Selin's fortune with the healthcare spending of a massive country
Erik Selin could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 1.8 years.
But even if we compare their fortune with that of a rich country
On the other end, Erik Selin could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 0.8 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
Erik Selin could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 1.2 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 Selin could pay for it entirely for 1.6 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Erik Selin could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 6.7 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Erik Selin 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
Erik Selin's fortune is equivalent to 27 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 Selin could buy 7,329,531 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 1 trucks to transport them. Although Erik Selin will almost certainly have enough money left over to pay for the gas.
Biography
Erik Selin is CEO of publicly traded real estate firm Fastighets AB Balder, which he founded in 2005.
Selin skipped college to focus on his stock investments but lost it all in the crash of 1987, before moving on to property trades.
At age 24, Selin convinced a local bank to lend him $2 million to finance a deal for a residential development in ?ngelholm, Sweden.
Today 56% of the real estate held by Balder is residential.
Balder also has 50 hotels, making it one of Sweden's largest hotel owners.
Financial Assets
Monthly wealth history
Fortune comparison
Historical data not available for comparison