Essam Al Muhaidib
Source of wealth: Diversified
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The scale of their wealth
Health
The price of life
Let's compare Essam Al Muhaidib's fortune with the healthcare spending of a massive country
Essam Al Muhaidib could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 1.1 years.
But even if we compare their fortune with that of a rich country
On the other end, Essam Al Muhaidib could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 0.5 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
Essam Al Muhaidib could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 0.7 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 Essam Al Muhaidib could pay for it entirely for 1.0 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Essam Al Muhaidib could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 4.1 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Essam Al Muhaidib 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
Essam Al Muhaidib's fortune is equivalent to 17 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.
Essam Al Muhaidib could buy 4,482,323 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 Essam Al Muhaidib will almost certainly have enough money left over to pay for the gas.
Biography
Essam Al Muhaidib is the CEO of Al Muhaidib Group, a Dammam, Saudi Arabia-based family-owned conglomerate.
Al Muhaidib Group invests in companies across consumer products, infrastructure, construction, real estate and finance; Essam owns 28% of the company.
The group was founded in 1943 by his father Abdulkadir, who started out as a food trader before expanding into building materials and real estate.
Essam and his brothers Emad and Sulaiman took over after Abdulkadir's death in 1996; they share ownership with 4 other family members.
Al Muhaidib Group owns shares in at least 16 publicly traded companies in Saudi Arabia and Egypt.
Financial Assets
Monthly wealth history
Fortune comparison
Historical data not available for comparison