Lu Weiding
Source of wealth: Diversified
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The scale of their wealth
Health
The price of life
Let's compare Lu Weiding's fortune with the healthcare spending of a massive country
Lu Weiding could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 3.3 years.
But even if we compare their fortune with that of a rich country
On the other end, Lu Weiding could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 1.4 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
Lu Weiding could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 2.1 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 Lu Weiding could pay for it entirely for 2.9 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Lu Weiding could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 12.2 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Lu Weiding 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 0.3 years.
Gold
Everyday luxuries
Lu Weiding's fortune is equivalent to 50 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.
Lu Weiding could buy 13,227,404 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 2 trucks to transport them. Although Lu Weiding will almost certainly have enough money left over to pay for the gas.
Biography
Lu Weiding is the chairman and CEO of Wanxiang Group, a maker of auto parts with growing interests in clean energy and agriculture.
His late father Lu Guanqiu (d. 2017) founded the predecessor of Wanxiang Group in 1969.
Starting from a small blacksmith shop, Guanqiu eventually grew the company to become the first Chinese auto parts supplier that entered the U.S. market.
Lu Weiding is also the chairman of China Wanxiang, a subsidiary in the insurance and fintech sectors.
Financial Assets
Monthly wealth history
Fortune comparison
Historical data not available for comparison