The scale of their wealth
Health
The price of life
Let's compare John Catsimatidis's fortune with the healthcare spending of a massive country
John Catsimatidis could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 2.2 years.
But even if we compare their fortune with that of a rich country
On the other end, John Catsimatidis could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 1.0 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
John Catsimatidis could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 1.4 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 John Catsimatidis could pay for it entirely for 1.9 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
John Catsimatidis could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 8.1 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of John Catsimatidis 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
John Catsimatidis's fortune is equivalent to 33 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.
John Catsimatidis could buy 8,812,181 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 2 trucks to transport them. Although John Catsimatidis will almost certainly have enough money left over to pay for the gas.
Biography
John Catsimatidis is best known as the owner of New York City supermarket chain Gristedes.
He also owns oil refinery United Refining in Pennsylvania, which he bought out of bankruptcy, and real estate in New York and beyond.
He moved with his family from Greece to New York when he was an infant and grew up in an apartment in Harlem.
He worked as a grocery clerk while attending New York University but dropped out for a chance to own a piece of the shop where he worked.
Catsimatidis opened his own grocery store in 1969 and had 10 Red Apple stores by age 25.
Financial Assets
Financial assets information not available.
Monthly wealth history
Fortune comparison
Historical data not available for comparison