Leng Youbin
Source of wealth: Infant formula
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The scale of their wealth
Health
The price of life
Let's compare Leng Youbin's fortune with the healthcare spending of a massive country
Leng Youbin could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 1.2 years.
But even if we compare their fortune with that of a rich country
On the other end, Leng Youbin could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 0.5 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
Leng Youbin could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 0.8 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 Leng Youbin could pay for it entirely for 1.0 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Leng Youbin could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 4.3 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Leng Youbin 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
Leng Youbin's fortune is equivalent to 18 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.
Leng Youbin could buy 4,704,615 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 Leng Youbin will almost certainly have enough money left over to pay for the gas.
Biography
Leng Youbin is the chairman and CEO of China Feihe, one of the country's largest suppliers of infant formula.
Leng, who herded cows as a child, worked at a state-owned dairy farm for about a decade before striking out on his own.
The mogul acquired stakes in the farm and a dairy plant, and started to sell milk and infant formula under the Feihe brand.
The company went public in Hong Kong in 2019, and today owns 11 plants and 12 farms with 100,000 cows and goats.
Financial Assets
Monthly wealth history
Fortune comparison
Historical data not available for comparison