Li Xiang
Source of wealth: Electric vehicles
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The scale of their wealth
Health
The price of life
Let's compare Li Xiang's fortune with the healthcare spending of a massive country
Li Xiang could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 1.9 years.
But even if we compare their fortune with that of a rich country
On the other end, Li Xiang could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 0.9 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
Li Xiang could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 1.3 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 Xiang could pay for it entirely for 1.7 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Li Xiang could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 7.2 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Li Xiang 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
Li Xiang's fortune is equivalent to 29 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.
Li Xiang could buy 7,859,165 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 Xiang will almost certainly have enough money left over to pay for the gas.
Biography
Li Xiang is the founder, chairman and CEO of Beijing-based electric vehicle maker Li Auto, which is dual-listed on the Nasdaq and in Hong Kong.
The company is known for extended-range EVs, which have gas-powered engines installed as well so that batteries can be charged on the go.
Li Auto seeks to stand out in China's fiercely competitive EV market with family-oriented, more spacious cars such as its flagship six-seat SUV Li L9.
The mogul is also the founder of New York-listed Autohome, an auto news and services portal.
Financial Assets
Monthly wealth history
Fortune comparison
Historical data not available for comparison