Ibrahim Erdemoglu
Source of wealth: Carpet
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The scale of their wealth
Health
The price of life
Let's compare Ibrahim Erdemoglu's fortune with the healthcare spending of a massive country
Ibrahim Erdemoglu could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 0.6 years.
But even if we compare their fortune with that of a rich country
On the other end, Ibrahim Erdemoglu 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
Ibrahim Erdemoglu could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 0.4 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 Ibrahim Erdemoglu could pay for it entirely for 0.5 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Ibrahim Erdemoglu could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 2.1 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Ibrahim Erdemoglu 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 0.0 years.
Gold
Everyday luxuries
Ibrahim Erdemoglu's fortune is equivalent to 9 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.
Ibrahim Erdemoglu could buy 2,322,011 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 0 trucks to transport them. Although Ibrahim Erdemoglu will almost certainly have enough money left over to pay for the gas.
Biography
Ibrahim Erdemoglu and his brother, Ali, together own over 75% of a top producer of materials used in carpet, SASA Polyester.
They initially acquired 51% of SASA in 2015 for $102 million, then added to their stake in the publicly traded company and watched it soar in value.
The brothers' Erdemoglu Holding also includes the two privately held companies, Merinos Carpet and Dinarsu Carpet.
In 1970, their father, Mehmet Erdemoglu, along with family members, started Merinos with two rug-weaving looms.
Today, Erdemoglu Holding is one of the world's largest carpet manufacturers, with production facilities in eight locations in Turkey and Russia.
Financial Assets
Monthly wealth history
Fortune comparison
Historical data not available for comparison