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#1497

Harindarpal Banga

Source of wealth: Commodities

Net Worth

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Earnings per second

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The scale of their wealth

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Health

The price of life

Let's compare Harindarpal Banga's fortune with the healthcare spending of a massive country

Harindarpal Banga 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, Harindarpal Banga could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 0.6 years.

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Education

Buying the future

Let's also compare their fortune with education spending, first with a poor country

Harindarpal Banga could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 0.8 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 Harindarpal Banga could pay for it entirely for 1.1 years.

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Research

The monopoly on progress

Coming full circle, we think it's also interesting to add another gigantic country

Harindarpal Banga could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 4.7 years.

And of course, the country that invests the most per capita worldwide

But even if we compare the total wealth of Harindarpal Banga 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.

While billions of people struggle to access basic healthcare, education, and research, a single individual could fund entire national systems for centuries.

Gold

Everyday luxuries

Gold bar

Harindarpal Banga's fortune is equivalent to 19 tons of gold. It's hard to process, since we don't usually keep a handful of gold bars in our piggy banks.

Gold rings

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.

Harindarpal Banga could buy 5,158,613 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 Harindarpal Banga will almost certainly have enough money left over to pay for the gas.

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Biography

Originally from Chandigarh, India, Harindarpal Banga, known as Harry, has lived in Hong Kong since the 1970s.

The former vice-chairman of Noble Group made his fortune over a 21-year career with one of Asia's largest commodity traders.

He cashed in the last of his Noble shares in 2012, and started Hong Kong-based Caravel Group with sons Guneet and Angad in 2013.

Caravel Group trades and ships commodities.

Banga was an early investor and still holds a stake in India's online beauty retailer Nykaa, which went public in Mumbai in 2021.

Financial Assets

Exchange
BSE INDIA
Ticker
543384-IN
Company
FSN E-Commerce Ventures
Exchange
HONG KONG
Ticker
2343-HK
Company
Pacific Basin Shipping

Monthly wealth history

Fortune comparison

Historical data not available for comparison

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