Ilona Herlin

Source of wealth: Elevators, escalators

61 years female Manufacturing 🇫🇮 FI

Net Worth

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Earnings per second

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The scale of their wealth

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Health

The price of life

Let's compare Ilona Herlin's fortune with the healthcare spending of a massive country

Ilona Herlin could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 0.9 years.

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

On the other end, Ilona Herlin could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 0.4 years.

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Education

Buying the future

Let's also compare their fortune with education spending, first with a poor country

Ilona Herlin could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 0.6 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 Ilona Herlin could pay for it entirely for 0.8 years.

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Research

The monopoly on progress

Coming full circle, we think it's also interesting to add another gigantic country

Ilona Herlin could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 3.2 years.

And of course, the country that invests the most per capita worldwide

But even if we compare the total wealth of Ilona Herlin 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.

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

Gold

Everyday luxuries

Ilona Herlin's fortune is equivalent to 13 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.

Ilona Herlin could buy 3,528,155 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 Ilona Herlin will almost certainly have enough money left over to pay for the gas.

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Biography

Ilona Herlin is the great-granddaughter of Finnish business leader Harald Herlin, who invested in Kone Elevators in 1924.

After her father's death in 2003, Ilona and her siblings discovered the will had been rewritten leaving most of the ownership in Kone to brother Antti

Angered that they had never been informed, the siblings battled for control. The dispute ended in 2005, with Kone being split in two.

Antti maintained control over the elevator business while his siblings were given stakes in Cargotec, producer of machinery for heavy duty ship cargo.

Niklas, one of the siblings, passed away in 2017. Three of the siblings are billionaires.