Giuseppe De'Longhi & family
Source of wealth: Coffee makers
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The scale of their wealth
Health
The price of life
Let's compare Giuseppe De'Longhi & family's fortune with the healthcare spending of a massive country
Giuseppe De'Longhi & family could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 2.7 years.
But even if we compare their fortune with that of a rich country
On the other end, Giuseppe De'Longhi & family could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 1.2 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
Giuseppe De'Longhi & family could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 1.8 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 Giuseppe De'Longhi & family could pay for it entirely for 2.4 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Giuseppe De'Longhi & family could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 10.0 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Giuseppe De'Longhi & family 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 0.2 years.
Gold
Everyday luxuries
Giuseppe De'Longhi & family's fortune is equivalent to 41 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.
Giuseppe De'Longhi & family could buy 10,896,126 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 Giuseppe De'Longhi & family will almost certainly have enough money left over to pay for the gas.
Biography
Giuseppe De'Longhi is chairman of De'Longhi SpA, which produces high-end coffee makers and espresso machines.
De'Longhi's son, Fabio, is the CEO of the company, which pulls in over $2 billion in annual revenue and sells products in more than 100 countries.
The company was founded in 1902 in Treviso, Italy as a small industrial manufacturing workshop. A century later, its headquarters remain in Treviso.
The company makes portable heaters, air conditioners, appliances for food preparation, cleaning tools and coffee machines.
In 2015, De'Longhi sold his majority stake in Italian industrial heating company DelClima to Mitsubishi Electric for $551 million.
Financial Assets
Monthly wealth history
Fortune comparison
Historical data not available for comparison