Hans-Otto Kromberg
Source of wealth: Electrical Products
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The scale of their wealth
Health
The price of life
Let's compare Hans-Otto Kromberg's fortune with the healthcare spending of a massive country
Hans-Otto Kromberg could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 0.6 years.
But even if we compare their fortune with that of a rich country
On the other end, Hans-Otto Kromberg 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
Hans-Otto Kromberg could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 0.4 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 Hans-Otto Kromberg could pay for it entirely for 0.5 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Hans-Otto Kromberg could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 2.3 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Hans-Otto Kromberg 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
Hans-Otto Kromberg's fortune is equivalent to 9 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.
Hans-Otto Kromberg could buy 2,509,638 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 0 trucks to transport them. Although Hans-Otto Kromberg will almost certainly have enough money left over to pay for the gas.
Biography
Hans-Otto Kromberg owns Kromberg & Schubert, a family-owned German maker of cable and wiring.
The company was founded in 1902 by Paul Kromberg and Enrst Schubert, with Kromberg becoming sole owner 12 years later.
Hans-Otto Kromberg took control of his grandfather's company business at age 30 with the goal of expanding into international markets.
Kromberg & Schubert had revenue of 2.7 billion euros, according to its most recent financial filings.
Financial Assets
Financial assets information not available.
Monthly wealth history
Fortune comparison
Historical data not available for comparison