Frank Slootman

Source of wealth: Software

67 years male Technology 🇺🇸 US

Net Worth

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Earnings per second

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The scale of their wealth

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Health

The price of life

Let's compare Frank Slootman's fortune with the healthcare spending of a massive country

Frank Slootman could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 1.3 years.

But even if we compare their fortune with that of a rich country

On the other end, Frank Slootman could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 0.6 years.

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Education

Buying the future

Let's also compare their fortune with education spending, first with a poor country

Frank Slootman could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 0.8 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 Frank Slootman could pay for it entirely for 1.1 years.

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Research

The monopoly on progress

Coming full circle, we think it's also interesting to add another gigantic country

Frank Slootman could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 4.7 years.

And of course, the country that invests the most per capita worldwide

But even if we compare the total wealth of Frank Slootman 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.

While billions of people struggle to access basic healthcare, education, and research, a single individual could fund entire national systems for centuries.

Gold

Everyday luxuries

Frank Slootman's fortune is equivalent to 19 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.

Frank Slootman could buy 5,153,317 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 Frank Slootman will almost certainly have enough money left over to pay for the gas.

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Biography

Frank Slootman is the CEO of Snowflake, a cloud-based database firm he joined in 2019 and took public in 2020 in a blockbuster IPO.

The IPO was the third for Dutch-born Slootman, who moved to California for a job at Compuware during the dotcom boom, then worked at Borland Software.

In 2003, he became CEO of storage startup Data Domain, taking it public in 2007 and selling it to EMC in 2009 for $1.8 billion.

Two years later, he was back at it again as chairman of enterprise software business ServiceNow, which he guided to a 2012 IPO.

Including his stock options, Slootman owns about 4% of Snowflake.