Joseph Steinberg
Source of wealth: Investments
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The scale of their wealth
Health
The price of life
Let's compare Joseph Steinberg's fortune with the healthcare spending of a massive country
Joseph Steinberg could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 0.7 years.
But even if we compare their fortune with that of a rich country
On the other end, Joseph Steinberg could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 0.3 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
Joseph Steinberg could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 0.5 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 Steinberg could pay for it entirely for 0.6 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Joseph Steinberg could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 2.6 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Joseph Steinberg 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 Steinberg's fortune is equivalent to 11 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 Steinberg could buy 2,822,281 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 Steinberg will almost certainly have enough money left over to pay for the gas.
Biography
Joseph Steinberg is the chairman of Jefferies Financial Group, a New York-based financial services firm best known for investment banking.
He served as president of Leucadia National Corporation, an investment firm which was often compared to a mini-Berkshire Hathaway, from 1979 to 2013.
During his time at the helm, Leucadia purchased companies like National Beef and helped finance Bill Ackman's Pershing Square Capital Management.
In 2013, the firm merged with Jefferies and Steinberg became chairman. The combined company changed its name to Jefferies Financial Group in 2018.
Steinberg also serves as a director of Crimson Wine Group, which owns vineyards in California, Oregon and Washington.
Financial Assets
Monthly wealth history
Fortune comparison
Historical data not available for comparison