Gao Mingqing

Source of wealth: Mining

73 years male Metals & Mining 🇨🇳 CN

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 Gao Mingqing's fortune with the healthcare spending of a massive country

Gao Mingqing could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 0.7 years.

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

On the other end, Gao Mingqing could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 0.3 years.

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Education

Buying the future

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

Gao Mingqing could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 0.5 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 Gao Mingqing could pay for it entirely for 0.6 years.

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Research

The monopoly on progress

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

Gao Mingqing could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 2.7 years.

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

But even if we compare the total wealth of Gao Mingqing 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

Gao Mingqing's fortune is equivalent to 11 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.

Gao Mingqing could buy 2,939,114 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 Gao Mingqing will almost certainly have enough money left over to pay for the gas.

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Biography

Gao Mingqing is the chairman and CEO of Wanguo Gold Group, a China-based mining and processing company.

Wanguo acquired 77.78% of AXF Gold Ridge in the Solomon Islands for AUD39.215 million in April 2020 and another 20.22% for HK$732.6 million in October 2024, strengthening its global gold mining presence.

Wanguo Gold Group listed on the Hong Kong Stock Exchange in 2012.