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#2343

Li Weiguo

Source of wealth: Construction materials

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 Li Weiguo's fortune with the healthcare spending of a massive country

Li Weiguo could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 0.8 years.

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

On the other end, Li Weiguo could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 0.3 years.

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Education

Buying the future

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

Li Weiguo could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 0.5 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 Li Weiguo could pay for it entirely for 0.7 years.

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Research

The monopoly on progress

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

Li Weiguo could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 2.9 years.

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

But even if we compare the total wealth of Li Weiguo 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.

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

Gold bar

Li Weiguo's fortune is equivalent to 12 tons of gold. It's hard to process, since we don't usually keep a handful of gold bars in our piggy banks.

Gold rings

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.

Li Weiguo could buy 3,201,053 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 Li Weiguo will almost certainly have enough money left over to pay for the gas.

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Biography

Li Weiguo is a cofounder and chairman of Beijing Oriental Yuhong Waterproof Technology, a supplier of waterproof systems for construction projects.

Li worked for a provincial statistics bureau in China before he founded the predecessor of Yuhong in 1995.

Li Weiguo holds a bachelor's degree from Hunan Agricultural University.

Financial Assets

Exchange
SHANGHAI
Ticker
603588-CN
Company
Beijing GeoEnviron Engineering and Technology
Exchange
SHANGHAI
Ticker
603588-CN
Company
Beijing GeoEnviron Engineering and Technology
Exchange
SHENZHEN
Ticker
002271-CN
Company
Beijing Oriental Yuhong Waterproof Technology Co Ltd
Exchange
SHENZHEN
Ticker
002271-CN
Company
Beijing Oriental Yuhong Waterproof Technology Co Ltd

Monthly wealth history

Fortune comparison

Historical data not available for comparison

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