Lloyd Blankfein
Source of wealth: Banking
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The scale of their wealth
Health
The price of life
Let's compare Lloyd Blankfein's fortune with the healthcare spending of a massive country
Lloyd Blankfein 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, Lloyd Blankfein could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 0.3 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
Lloyd Blankfein 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 Lloyd Blankfein could pay for it entirely for 0.7 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Lloyd Blankfein 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 Lloyd Blankfein 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
Lloyd Blankfein'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.
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.
Lloyd Blankfein could buy 3,155,377 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 Lloyd Blankfein will almost certainly have enough money left over to pay for the gas.
Biography
Lloyd Blankfein was chairman and CEO of financial behemoth Goldman Sachs from 2006 to 2018, when he was succeeded by David Solomon.
Before leading Goldman Sachs, he worked under then-CEO Henry Paulson as the company's president and chief operations officer from 2004 to 2006.
Blankfein first became a partner at the firm in 1988.
Blankfein grew up in the projects in Brooklyn, graduated as a valedictorian from Thomas Jefferson High School before getting history and law degrees from Harvard.
Financial Assets
Monthly wealth history
Fortune comparison
Historical data not available for comparison