Jim Davis & family
Source of wealth: New Balance
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The scale of their wealth
Health
The price of life
Let's compare Jim Davis & family's fortune with the healthcare spending of a massive country
Jim Davis & family could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 2.6 years.
But even if we compare their fortune with that of a rich country
On the other end, Jim Davis & family could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 1.2 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
Jim Davis & family could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 1.7 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 Jim Davis & family could pay for it entirely for 2.3 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Jim Davis & family could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 9.9 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Jim Davis & family 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 0.2 years.
Gold
Everyday luxuries
Jim Davis & family's fortune is equivalent to 40 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.
Jim Davis & family could buy 10,734,094 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 2 trucks to transport them. Although Jim Davis & family will almost certainly have enough money left over to pay for the gas.
Biography
Jim Davis bought a small Boston shoemaker in 1972 and turned it into $6.5 billion (sales) New Balance Athletics.
Davis is the chairman of New Balance, and his wife Anna, who joined the company in 1977, is the vice chairman.
He and his family own an estimated 95% of the company, which is private.
New Balance is known for its running shoes but also makes footwear, clothing and equipment for baseball, lacrosse, and soccer as well as lifestyle fashion.
He got his start working for his father's restaurants as a "lumper" carrying trays.
At college he studied biology and chemistry, thinking he'd work in medicine, until one of his professors suggested his talent might be in sales.
Financial Assets
Financial assets information not available.
Monthly wealth history
Fortune comparison
Historical data not available for comparison