Herbert Allen Jr & family
Source of wealth: Investment banking
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The scale of their wealth
Health
The price of life
Let's compare Herbert Allen Jr & family's fortune with the healthcare spending of a massive country
Herbert Allen Jr & family could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 0.9 years.
But even if we compare their fortune with that of a rich country
On the other end, Herbert Allen Jr & family could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 0.4 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
Herbert Allen Jr & family could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 0.6 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 Herbert Allen Jr & family could pay for it entirely for 0.8 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Herbert Allen Jr & 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 3.5 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Herbert Allen Jr & 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 0.1 years.
Gold
Everyday luxuries
Herbert Allen Jr & family's fortune is equivalent to 14 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 $549.34.
Herbert Allen Jr & family could buy 3,815,277 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 Herbert Allen Jr & family will almost certainly have enough money left over to pay for the gas.
Biography
Herbert "Herb" A. Allen controls boutique investment bank Allen & Co., which focuses on tech companies.
Allen & Co. has had a hand in several large tech IPOs of the last decade, including Twitter, Groupon and LinkedIn.
The firm was founded as an investment partnership in 1922 by Allen's uncle Charles.
Allen was reportedly named president of the firm's nascent underwriting business in 1966 at the age of 26.
In the summer of 1982 Allen & Co. sold Columbia Pictures to the Coca-Cola Company.
Financial Assets
Monthly wealth history
Fortune comparison
Historical data not available for comparison