Jaime Gilinski Bacal
Source of wealth: Banking
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The scale of their wealth
Health
The price of life
Let's compare Jaime Gilinski Bacal's fortune with the healthcare spending of a massive country
Jaime Gilinski Bacal could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 6.6 years.
But even if we compare their fortune with that of a rich country
On the other end, Jaime Gilinski Bacal could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 2.9 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
Jaime Gilinski Bacal could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 4.3 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 Jaime Gilinski Bacal could pay for it entirely for 5.9 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Jaime Gilinski Bacal could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 24.7 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Jaime Gilinski Bacal 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 0.6 years.
Gold
Everyday luxuries
Jaime Gilinski Bacal's fortune is equivalent to 101 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.
Jaime Gilinski Bacal could buy 26,860,448 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 5 trucks to transport them. Although Jaime Gilinski Bacal will almost certainly have enough money left over to pay for the gas.
Biography
Jaime Gilinski Bacal built one of the largest banking empires in Latin America through a series of mergers and acquisitions.
The Colombian is redeveloping a former U.S. Air Force base alongside the Panama Canal with British billionaire brothers Ian and Richard Livingstone.
After getting an MBA at Harvard in 1980, Gilinski worked in Morgan Stanley's mergers and acquisitions division.
His primary residence is in Panama, but Gilinski also has houses in London, New York, Miami and Colombia.
In 2022, Gilinski purchased large stakes in Colombian food conglomerate Grupo Nutresa and financial services firm Grupo Sura.
Financial Assets
Monthly wealth history
Fortune comparison
Historical data not available for comparison