Erman Ilicak
Source of wealth: Construction
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The scale of their wealth
Health
The price of life
Let's compare Erman Ilicak's fortune with the healthcare spending of a massive country
Erman Ilicak could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 1.7 years.
But even if we compare their fortune with that of a rich country
On the other end, Erman Ilicak 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
Erman Ilicak could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 1.1 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 Erman Ilicak could pay for it entirely for 1.5 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Erman Ilicak could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 6.4 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Erman Ilicak 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 0.1 years.
Gold
Everyday luxuries
Erman Ilicak's fortune is equivalent to 26 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.
Erman Ilicak could buy 7,001,345 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 Erman Ilicak will almost certainly have enough money left over to pay for the gas.
Biography
Erman Ilicak's Ronesans Holding, founded in 1993, operates as construction contractor and real estate developer in 28 countries.
In July 2016, he sold 5% of Ronesans to IFC, a World Bank institution, in a deal that valued the company at $4.3 billion.
Construction firm acquisitions include the Swiss Hergiswill and German Heitcamp in 2013, and the Netherlands' Ballast Nedam in 2015.
In a public-private partnership with the Turkish government, Ronesans has so far built healthcare complexes with a contract value of $3.4 billion.
Ronesans is partnering with the Port of Rotterdam to develop the Ceyhan Mega Petrochemical Industrial Zone in the south of Turkey.
Financial Assets
Monthly wealth history
Fortune comparison
Historical data not available for comparison