Lin Ming-hsiung
Source of wealth: Supermarkets
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The scale of their wealth
Health
The price of life
Let's compare Lin Ming-hsiung's fortune with the healthcare spending of a massive country
Lin Ming-hsiung could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 1.4 years.
But even if we compare their fortune with that of a rich country
On the other end, Lin Ming-hsiung could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 0.6 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
Lin Ming-hsiung could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 0.9 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 Lin Ming-hsiung could pay for it entirely for 1.2 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Lin Ming-hsiung could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 5.2 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Lin Ming-hsiung 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
Lin Ming-hsiung's fortune is equivalent to 21 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.
Lin Ming-hsiung could buy 5,676,689 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 Lin Ming-hsiung will almost certainly have enough money left over to pay for the gas.
Biography
Lin Ming-hsiung is the chairman of PX Mart, one of Taiwan's largest supermarket chains.
He took over PX Mart from the government in 1998 when it had 66 outlets. Today it boasts over 1,200 stores as well as minimarkets that serve Taiwan's remote villages.
In 2022, the company completed a $377 million deal to purchase a 96% stake in hypermarket chain RT-Mart's Taiwan business.
Lin also controls real estate developer Yuanlih Construction and Hwatai Bank.
Financial Assets
Monthly wealth history
Fortune comparison
Historical data not available for comparison