#76

Huang Shilin

Source of wealth: Batteries

59 years Male Energy 🇨🇳 CN

Net Worth

...

Earnings per second

...

Biography

Huang Shilin is a former vice chairman of Contemporary Amperex Technology (CATL), one of the world's largest battery suppliers for the electric vehicle industry.

Huang resigned from the board in 2022.

CATL, dual-listed in Hong Kong and Shenzhen, supplies batteries to automakers including BMW, Geely and Tesla.

The company has been working with Ford since 2023 to build a battery factory in Michigan, although the original $3.5 billion plant has been downsized amid geopolitical tensions.

Perspective on their fortune

Gold

Everyday luxury

A Huang Shilin's fortune is equivalent to 210 of gold, but this may be difficult to value, as we don't usually have a handful of gold bars in our piggy bank.

A standard gold ring typically weighs between 4 and 7 grams. Let's say this one weighs 5 grams. It's usually 18k gold.

Based on today's gold price (not taking into account the jeweler's fee, shipping, or anything else), that gold ring would be worth $556.3

Huang Shilin could buy 55,921,619 gold rings. That's a lot of fingers and a lot of gifts!!

And if the number of rings is difficult to visualize, all these rings would need 10 trucks to transport them, But we can be almost certain that Huang Shilin will have enough left over to pay for the gas for those trucks.

🚚 🚚 🚚 🚚 🚚 🚚 🚚 🚚 🚚 🚚

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

🏥

Health

The price of life

Let's compare Huang Shilin's fortune with the healthcare spending of a huge country

Huang Shilin could fund the entire healthcare system of DR Congo with a population of over 105,800,000 of inhabitants for approximately 14.0 years.

But even if we compare their fortune to that of a rich country

At the other extreme, Huang Shilin could cover the health expenditure of Luxembourg, considered the world's most heavily invested health system, for 6.2 years

📚

Education

Buying the future

Lowest education spending

Huang Shilin could assume the entire cost of the education system of Nigeria, the most populous country in Africa, with more than 243,000,000 inhabitants for 9.1 years.

Highest education spending

But not only could he assume the cost of a poor country, Luxembourg is considered the country with the highest per capita investment in education in the world, Huang Shilin could pay for it in full for 12.4 years.

🔬

Research

The monopoly of progress

Lowest research spending

Huang Shilin could fully fund the state research budget of Pakistan, the fifth most populous country in the world with more than 260,000,000 of inhabitants, for 52.4 years.

Highest research spending

But even if we compare the total wealth of Huang Shilin with Israel, the country that currently invests the most per capita in research in the world, it could assume the total cost of the system for 1.2 years.