Joe Agresti
Source of wealth: Auto dealerships, investments
...
...
The scale of their wealth
Health
The price of life
Let's compare Joe Agresti's fortune with the healthcare spending of a massive country
Joe Agresti could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 0.5 years.
But even if we compare their fortune with that of a rich country
On the other end, Joe Agresti could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 0.2 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
Joe Agresti could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 0.3 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 Joe Agresti could pay for it entirely for 0.4 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Joe Agresti could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 1.8 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Joe Agresti 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 0.0 years.
Gold
Everyday luxuries
Joe Agresti's fortune is equivalent to 8 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.
Joe Agresti could buy 2,004,181 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 0 trucks to transport them. Although Joe Agresti will almost certainly have enough money left over to pay for the gas.
Biography
Joe Agresti sells 20,000 Mercedes-Benzes a year through Dream Motor Group, the dealership chain he owns alongside legendary football coach Nick Saban.
Agresti grew up in working-class New Jersey, studied accounting at Rutgers on a partial wrestling scholarship, then did stints at Big Six firm Arthur Andersen and auto dealer giant Asbury Automotive.
At age 31, he used his $200,000 life savings, a mortgage against his parents' house and a $500,000 loan to invest in his first car dealership, Mercedes-Benz of Baton Rouge.
He met Saban through Mercedes in 2013. They now runs nine Merecedes, Infiniti and Ferrari dealership locations in Alabama, Florida, Louisiana, Tennessee and Texas.
He splits his time traveling between homes he keeps near all his dealerships.
Agresti oversees the day-to-day operations and owns majority stakes in the dealerships, though Saban is a full minority partner. The two speak upwards of three times a day.
Financial Assets
Financial assets information not available.
Monthly wealth history
Fortune comparison
Historical data not available for comparison