Lachhman Das Mittal
Source of wealth: Tractors
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The scale of their wealth
Health
The price of life
Let's compare Lachhman Das Mittal's fortune with the healthcare spending of a massive country
Lachhman Das Mittal could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 2.3 years.
But even if we compare their fortune with that of a rich country
On the other end, Lachhman Das Mittal 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
Lachhman Das Mittal 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 Lachhman Das Mittal 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
Lachhman Das Mittal could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 8.5 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Lachhman Das Mittal 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
Lachhman Das Mittal's fortune is equivalent to 35 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.
Lachhman Das Mittal could buy 9,273,499 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 Lachhman Das Mittal will almost certainly have enough money left over to pay for the gas.
Biography
Lachhman Das Mittal started his business career in 1990 at age 60 after retiring from the state-owned Life Insurance Corporation of India.
Today his Sonalika Group is India's third-largest tractor maker by market share.
Japanese firm Yanmar has a 30% stake in his tractor outfit International Tractors.
Mittal has handed over operations to his sons Amrit Sagar and Deepak and grandsons Raman, Sushant and Rahul, but remains keenly interested in the business.
Financial Assets
Financial assets information not available.
Monthly wealth history
Fortune comparison
Historical data not available for comparison