Horst Wortmann & family
Source of wealth: Footwear
...
...
The scale of their wealth
Health
The price of life
Let's compare Horst Wortmann & family's fortune with the healthcare spending of a massive country
Horst Wortmann & family could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 0.7 years.
But even if we compare their fortune with that of a rich country
On the other end, Horst Wortmann & family 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
Horst Wortmann & family could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 0.5 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 Horst Wortmann & family could pay for it entirely for 0.7 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Horst Wortmann & 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 2.8 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Horst Wortmann & 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
Horst Wortmann & family's fortune is equivalent to 11 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.
Horst Wortmann & family could buy 3,018,553 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 Horst Wortmann & family will almost certainly have enough money left over to pay for the gas.
Biography
Horst Wortmann, Germany's shoe billionaire, established Wortmann KG in 1967, in the city of Detmold in North Rhine-Westphalia.
Considered the European market leader in women's fashionable shoes, its brands include Tamaris, Marco Tozzi, Caprice, Jana and s.Oliver.
Nephew Jens Beining developed "Agenda 2020" to prepare the company for future challenges, with special focus on online retail.
Heir apparent Beining, who assumed operational management control in 2016, owns 10% of the company.
The company, operating under the umbrella of Wortmann Schuh-Holding KG, has about 1,100 direct employees and an overall workforce of 30,000.
Financial Assets
Financial assets information not available.
Monthly wealth history
Fortune comparison
Historical data not available for comparison