Fritz Draexlmaier
Source of wealth: Auto parts
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The scale of their wealth
Health
The price of life
Let's compare Fritz Draexlmaier's fortune with the healthcare spending of a massive country
Fritz Draexlmaier could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 0.5 years.
But even if we compare their fortune with that of a rich country
On the other end, Fritz Draexlmaier could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 0.2 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
Fritz Draexlmaier could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 0.3 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 Fritz Draexlmaier could pay for it entirely for 0.5 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Fritz Draexlmaier could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 1.9 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Fritz Draexlmaier 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 0.0 years.
Gold
Everyday luxuries
Fritz Draexlmaier's fortune is equivalent to 8 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.
Fritz Draexlmaier could buy 2,065,197 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 0 trucks to transport them. Although Fritz Draexlmaier will almost certainly have enough money left over to pay for the gas.
Biography
Fritz Draexlmaier's eponymous auto parts maker counts among its customers Audi, BMW, Cadillac, Land Rover, Maserati, Mercedes-Benz, Porsche and Tesla.
Founded by his parents, Draexlmaier Group began in 1958 with an order for wiring harnesses for the Goggomobil, a microcar produced by Hans Glas GmbH.
A company speciality, wiring harnesses run throughout the entire vehicle connecting electrical components and relaying data and electrical power.
It has diversified into the manufacture of electronic components, consoles, door and instrument panels and exclusive interiors for specific model
Although he stepped down as CEO in early 2019, Fritz continues to serve as chairman and shareholder representative.
Draexlmaier has more than 65,000 employees and 60 business sites across 20 countries.
Financial Assets
Financial assets information not available.
Monthly wealth history
Fortune comparison
Historical data not available for comparison