The scale of their wealth
Health
The price of life
Let's compare Joe Lacob's fortune with the healthcare spending of a massive country
Joe Lacob could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 1.1 years.
But even if we compare their fortune with that of a rich country
On the other end, Joe Lacob could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 0.5 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
Joe Lacob could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 0.7 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 Joe Lacob could pay for it entirely for 0.9 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Joe Lacob could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 3.9 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Joe Lacob 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.
Gold
Everyday luxuries
Joe Lacob's fortune is equivalent to 16 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 Lacob could buy 4,286,315 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 Joe Lacob will almost certainly have enough money left over to pay for the gas.
Biography
Joe Lacob led an ownership group that in 2010 paid $450 million for the Golden State Warriors NBA team.
The value of the team is nearly 15 times more since then, and his 25% stake is worth nearly $2 billion, net of debt.
The Warriors have won four titles since 2010, and posted the best record in NBA history during the 2015-16 season, with 73 wins.
Lacob was a minority owner of the NBA's Boston Celtics for five years before selling to buy the Warriors.
Lacob joined venture capital firm Kleiner Perkins in 1987 and led investments in over 50 startup companies; he is no longer with the firm.
Financial Assets
Financial assets information not available.
Monthly wealth history
Fortune comparison
Historical data not available for comparison