#604

Kwak Dong Shin

Source of wealth: Semiconductors

51 years male Technology 🇰🇷 KR

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 Kwak Dong Shin's fortune with the healthcare spending of a massive country

Kwak Dong Shin could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 2.9 years.

But even if we compare their fortune with that of a rich country

On the other end, Kwak Dong Shin could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 1.3 years.

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Education

Buying the future

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

Kwak Dong Shin could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 1.9 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 Kwak Dong Shin could pay for it entirely for 2.6 years.

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Research

The monopoly on progress

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

Kwak Dong Shin could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 11.0 years.

And of course, the country that invests the most per capita worldwide

But even if we compare the total wealth of Kwak Dong Shin 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

Kwak Dong Shin's fortune is equivalent to 45 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.

Kwak Dong Shin could buy 11,974,588 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 Kwak Dong Shin will almost certainly have enough money left over to pay for the gas.

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Biography

Kwak Dong Shin is chairman and CEO as well as the largest shareholder of Hanmi Semiconductor, a manufacturer of semiconductor equipment in South Korea.

Hanmi Semiconductor manufactures equipment used in semiconductor packaging, one of the final stages of chip production.

Kwak joined Hanmi Semiconductor in 1998 and became its CEO in 2007.

Hanmi Semiconductor was founded in 1980 by Kwak's father, No-kwon, a former Motorola engineer.

Kwak also has a small but valuable stake in HPSP, a manufacturer of high-precision semiconductor equipment, which listed in 2022.