Gerald Frere
Source of wealth: Steel, investments
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The scale of their wealth
Health
The price of life
Let's compare Gerald Frere's fortune with the healthcare spending of a massive country
Gerald Frere 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, Gerald Frere could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 0.6 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
Gerald Frere could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 0.9 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 Gerald Frere could pay for it entirely for 1.2 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Gerald Frere could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 4.9 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Gerald Frere 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
Gerald Frere's fortune is equivalent to 20 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.
Gerald Frere could buy 5,338,298 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 Gerald Frere will almost certainly have enough money left over to pay for the gas.
Biography
Gerald Frere is the son of the late Albert Frere, the billionaire industrialist who died in 2018 at age 92.
Albert Frere, who was the richest person in Belgium, turned his family's scrap-metal business into a media, utilities and oil empire.
Albert Frere's business interests included Groupe Bruxelles Lambert (GBL bank), insurer Royale Belge, Petrofina and Tractebel before he began slowly selling some of his assets later in his career
Gerald Frere invests his assets with his new Frère-Bourgeois Holding., which is managed by his son, Cedric.
Financial Assets
Financial assets information not available.
Monthly wealth history
Fortune comparison
Historical data not available for comparison