Kailashchandra Nuwal

Source of wealth: Industrial explosives

68 years male Manufacturing 🇮🇳 IN

Net Worth

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Earnings per second

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The scale of their wealth

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Health

The price of life

Let's compare Kailashchandra Nuwal's fortune with the healthcare spending of a massive country

Kailashchandra Nuwal 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, Kailashchandra Nuwal could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 1.0 years.

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Education

Buying the future

Let's also compare their fortune with education spending, first with a poor country

Kailashchandra Nuwal 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 Kailashchandra Nuwal could pay for it entirely for 1.9 years.

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Research

The monopoly on progress

Coming full circle, we think it's also interesting to add another gigantic country

Kailashchandra Nuwal 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 Kailashchandra Nuwal 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.

While billions of people struggle to access basic healthcare, education, and research, a single individual could fund entire national systems for centuries.

Gold

Everyday luxuries

Kailashchandra Nuwal'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.

Kailashchandra Nuwal could buy 8,779,114 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 Kailashchandra Nuwal will almost certainly have enough money left over to pay for the gas.

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Biography

Kailashchandra Nuwal draws his wealth from shares in Solar Industries, a maker of industrial explosives, founded by his brother Satyanarayana Nuwal.

Solar Industries gets the biggest chunk of its annual revenue from exports, followed by the defense sector, state-owned coal companies and the housing and infrastructure segments.

Until 2019 he was vice chairman and a director in the company but had to step down for failing to disclose his stake in a private company.

Kailashchandra approached the National Company Law Tribunal for reinstatement. The company is now contesting it in the Supreme Court where the case is still pending.

The fight between the brothers came to a head in 2023 when Kailashchandra Nuwal voted against four resolutions including altering the articles of association at the company's annual general meeting.