Joseph Bae
Source of wealth: Private equity
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The scale of their wealth
Health
The price of life
Let's compare Joseph Bae's fortune with the healthcare spending of a massive country
Joseph Bae could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 0.9 years.
But even if we compare their fortune with that of a rich country
On the other end, Joseph Bae could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 0.4 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
Joseph Bae could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 0.6 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 Joseph Bae could pay for it entirely for 0.8 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Joseph Bae could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 3.4 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Joseph Bae 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
Joseph Bae's fortune is equivalent to 14 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.
Joseph Bae could buy 3,665,571 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 Joseph Bae will almost certainly have enough money left over to pay for the gas.
Biography
Joseph Bae is co-CEO of storied private equity giant KKR, which has about $638 billion in assets under management.
He was appointed to the top job alongside Scott Nuttall after KKR cofounders Henry Kravis and George Roberts stepped down in October 2021.
Bae started his career at Goldman Sachs and joined KKR in 1996.
He led KKR's expansion into Asia and served on all its private market investment committees.
He cofounded The Asian American Foundation to build safety and inclusivity among AAPIs.
Financial Assets
Monthly wealth history
Fortune comparison
Historical data not available for comparison