Gustav Magnar Witzoe
Source of wealth: Fish farming
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The scale of their wealth
Health
The price of life
Let's compare Gustav Magnar Witzoe's fortune with the healthcare spending of a massive country
Gustav Magnar Witzoe could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 2.0 years.
But even if we compare their fortune with that of a rich country
On the other end, Gustav Magnar Witzoe could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 0.9 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
Gustav Magnar Witzoe could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 1.3 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 Gustav Magnar Witzoe could pay for it entirely for 1.8 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Gustav Magnar Witzoe could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 7.4 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Gustav Magnar Witzoe 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
Gustav Magnar Witzoe's fortune is equivalent to 30 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.
Gustav Magnar Witzoe could buy 8,085,980 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 Gustav Magnar Witzoe will almost certainly have enough money left over to pay for the gas.
Biography
Gustav Magnar Witzoe owns nearly half of Salmar ASA, one of the world's largest salmon producers.
His stake was gifted to him in 2013 by his father, Gustav Witzoe, who founded the company in 1991.
Salmar has led the industrialization of fish farming in Norway, refining the product into more sophisticated cuts with higher margins.
The elder Witzoe still runs the company; Gustav Magnar, meanwhile, is trying to make his own mark investing in real estate and tech startups.
Financial Assets
Monthly wealth history
Fortune comparison
Historical data not available for comparison