Frederik Paulsen
Source of wealth: Health care
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The scale of their wealth
Health
The price of life
Let's compare Frederik Paulsen's fortune with the healthcare spending of a massive country
Frederik Paulsen could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 3.3 years.
But even if we compare their fortune with that of a rich country
On the other end, Frederik Paulsen could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 1.4 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
Frederik Paulsen could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 2.1 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 Frederik Paulsen could pay for it entirely for 2.9 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Frederik Paulsen could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 12.3 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Frederik Paulsen 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 0.3 years.
Gold
Everyday luxuries
Frederik Paulsen's fortune is equivalent to 50 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.
Frederik Paulsen could buy 13,311,144 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 2 trucks to transport them. Although Frederik Paulsen will almost certainly have enough money left over to pay for the gas.
Biography
Frederick Paulsen inherited small drugmaker Ferring Pharmaceuticals, founded by his father in 1950.
When he took over running the business in 1983, it generated $15 million in annual revenue.
Today the biotech outfit, which makes infertility, obstetrics, urology, gastroenterology and endocrinology drugs, has estimated sales of $2.2 billion.
Ferring employs more than 6,500 people and has subsidiaries in nearly 60 countries.
Board members include H?l?ne Ploix, former director of the IMF, and Alexandra, the Countess of Frederiksborg, a former Danish princess.
Financial Assets
Monthly wealth history
Fortune comparison
Historical data not available for comparison