Idan Ofer
Source of wealth: Shipping
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Biography
Idan Ofer is one of two sons of shipping magnate Sammy Ofer, who died in 2011 and was once Israel's richest man.
Ofer owns a company that operates a fleet of more than 200 bulk, container and crude oil ships.
He also owns 48% of Israel Corp., a publicly-traded chemicals, energy and shipping conglomerate.
Israel Corp. spun off its power, transportation & shipping units into a listed firm called Kenon Holdings in 2015; Ofer is a controlling shareholder.
Ofer owns a 28% stake in Spanish soccer team Atletico de Madrid, as well as an 85% stake of Portuguese soccer club FC Famalicao.
Perspective on their fortune
Gold
Everyday luxury
A Idan Ofer's fortune is equivalent to 244 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
Idan Ofer could buy 65,165,341 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 12 trucks to transport them, But we can be almost certain that Idan Ofer will have enough left over to pay for the gas for those trucks.
Health
The price of life
Let's compare Idan Ofer's fortune with the healthcare spending of a huge country
Idan Ofer could fund the entire healthcare system of DR Congo with a population of over 105,800,000 of inhabitants for approximately 16.3 years.
But even if we compare their fortune to that of a rich country
At the other extreme, Idan Ofer could cover the health expenditure of Luxembourg, considered the world's most heavily invested health system, for 7.2 years
Education
Buying the future
Lowest education spending
Idan Ofer 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 10.7 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, Idan Ofer could pay for it in full for 14.5 years.
Research
The monopoly of progress
Lowest research spending
Idan Ofer 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 61.0 years.
Highest research spending
But even if we compare the total wealth of Idan Ofer 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 1.4 years.
Financial Assets
Monthly wealth history
Fortune comparison
Historical data not available for comparison