Joy Alukkas
Source of wealth: Jewelry
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The scale of their wealth
Health
The price of life
Let's compare Joy Alukkas's fortune with the healthcare spending of a massive country
Joy Alukkas 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, Joy Alukkas 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
Joy Alukkas could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 1.5 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 Joy Alukkas could pay for it entirely for 2.0 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Joy Alukkas could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 8.4 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Joy Alukkas 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
Joy Alukkas's fortune is equivalent to 34 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.
Joy Alukkas could buy 9,072,752 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 Joy Alukkas will almost certainly have enough money left over to pay for the gas.
Biography
Son of a jewelry store owner and school dropout, Joy Alukkas went to the Middle East to open the family's first overseas store in 1987 in Abu Dhabi.
He broke off to launch his own jewellery chain, which now has 100 outlets spread across India and 60 overseas.
His other interests include a money exchange outfit, malls and real estate.
Alukkas' son John Paul is managing director of the international jewelry business.
Alukkas decided to postpone the public listing of the jewelry business in 2023 citing a tepid IPO market.
Financial Assets
Financial assets information not available.
Monthly wealth history
Fortune comparison
Historical data not available for comparison