Feridun Gecgel
Source of wealth: Utility Equipment
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The scale of their wealth
Health
The price of life
Let's compare Feridun Gecgel's fortune with the healthcare spending of a massive country
Feridun Gecgel could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 2.0 years.
But even if we compare their fortune with that of a rich country
On the other end, Feridun Gecgel could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 0.9 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
Feridun Gecgel could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 1.3 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 Feridun Gecgel could pay for it entirely for 1.8 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Feridun Gecgel could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 7.5 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Feridun Gecgel 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
Feridun Gecgel's fortune is equivalent to 31 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.
Feridun Gecgel could buy 8,150,041 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 Feridun Gecgel will almost certainly have enough money left over to pay for the gas.
Biography
Feridun Gecgel chairs Astor Enerji, Turkey's largest manufacturer of transformers and switching products.
He owns nearly 80% of the company, which went public in Istanbul in 2023.
Gecgel started his first business in furniture production. In 2005, he entered the transformer industry by purchasing Astor, which he bought for $3 million 20 years ago.
He was born in Şanlıurfa in 1970 and after graduating high school, became an entrepreneur, starting at Özgüney Elektrik, where he established his own company, specializing in the sale of electrical and electronic materials.
Financial Assets
Monthly wealth history
Fortune comparison
Historical data not available for comparison