Heinrich Otto Deichmann
Source of wealth: Shoes, retail
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The scale of their wealth
Health
The price of life
Let's compare Heinrich Otto Deichmann's fortune with the healthcare spending of a massive country
Heinrich Otto Deichmann could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 2.5 years.
But even if we compare their fortune with that of a rich country
On the other end, Heinrich Otto Deichmann could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 1.1 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
Heinrich Otto Deichmann could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 1.7 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 Heinrich Otto Deichmann could pay for it entirely for 2.3 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Heinrich Otto Deichmann could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 9.5 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Heinrich Otto Deichmann 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
Heinrich Otto Deichmann's fortune is equivalent to 39 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.
Heinrich Otto Deichmann could buy 10,315,038 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 Heinrich Otto Deichmann will almost certainly have enough money left over to pay for the gas.
Biography
Heinrich Otto Deichmann is chairman of Deichmann SE, one of Europe's largest shoe retailers with 2024 sales revenue of about $9 billion.
Headquartered in Essen, Germany, the company operates 4,700 locations across 34 countries and employs nearly 50,000 people.
His grandfather Heinrich Deichmann started the business as a shoemaker store in 1913 and ran it with his wife Julie.
Deichmann joined the company in 1989 and became its chairman ten years later; he now owns 80% of the company.
His son Samuel joined the management board in 2020
Financial Assets
Financial assets information not available.
Monthly wealth history
Fortune comparison
Historical data not available for comparison