Georg Haub
Source of wealth: Retail
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The scale of their wealth
Health
The price of life
Let's compare Georg Haub's fortune with the healthcare spending of a massive country
Georg Haub 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, Georg Haub could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 0.3 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
Georg Haub 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 Georg Haub could pay for it entirely for 0.6 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Georg Haub could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 2.6 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Georg Haub 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.
Gold
Everyday luxuries
Georg Haub'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.
Georg Haub could buy 2,849,928 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 Georg Haub will almost certainly have enough money left over to pay for the gas.
Biography
Georg Haub derives his fortune from Tengelmann Group, which began with a shop opened in Muelheim an der Ruhr in 1876. Georg holds 31.33% of the group.
Its operations include home-improvement chain OBI; clothing and non-food discounter KiK; online retailer babymarkt.de; and food production company No Meat Factor.
The group also invests in startups and is active in services (energy, plus audits and consulting), property management and real estate development.
Oldest brother Karl-Erivan and Christian had taken over as co-CEOs in 2000. In 2018, Karl-Erivan went missing while on a ski tour. In 2021, he was declared dead.
With Karl-Erivan presumed dead, Georg's younger brother, Christian, who had been overseeing Tengelmann's U.S. venture portfolio, took over as CEO.
Financial Assets
Financial assets information not available.
Monthly wealth history
Fortune comparison
Historical data not available for comparison