Igor Olenicoff
Source of wealth: Real estate
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The scale of their wealth
Health
The price of life
Let's compare Igor Olenicoff's fortune with the healthcare spending of a massive country
Igor Olenicoff could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 3.6 years.
But even if we compare their fortune with that of a rich country
On the other end, Igor Olenicoff could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 1.6 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
Igor Olenicoff could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 2.4 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 Igor Olenicoff could pay for it entirely for 3.2 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Igor Olenicoff could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 13.5 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Igor Olenicoff 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 0.3 years.
Gold
Everyday luxuries
Igor Olenicoff's fortune is equivalent to 55 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.
Igor Olenicoff could buy 14,629,150 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 3 trucks to transport them. Although Igor Olenicoff will almost certainly have enough money left over to pay for the gas.
Biography
Igor Olenicoff was born in Iran, where his tzarist-connected parents had moved to escape the Soviet Revolution. He moved to the U.S. at age 15 and eventually built up a substantial real estate empire.
His Olen Properties owns more than 8 million square feet of office space and over 17,000 residential units in California and seven other U.S. states.
Olenicoff's daughter and heir-apparent, Natalia Ostensen, assists in running the day-to-day operations.
In 2007, Olenicoff pleaded guilty to lying on his tax return about keeping $200 million in offshore accounts, and agreed to pay $52 million in back taxes and fraud penalties.
Financial Assets
Financial assets information not available.
Monthly wealth history
Fortune comparison
Historical data not available for comparison