Lu Xiangyang
Source of wealth: Automobiles, batteries
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The scale of their wealth
Health
The price of life
Let's compare Lu Xiangyang's fortune with the healthcare spending of a massive country
Lu Xiangyang could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 8.2 years.
But even if we compare their fortune with that of a rich country
On the other end, Lu Xiangyang could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 3.6 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
Lu Xiangyang could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 5.4 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 Xiangyang could pay for it entirely for 7.3 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Lu Xiangyang could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 30.9 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Lu Xiangyang 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 0.7 years.
Gold
Everyday luxuries
Lu Xiangyang's fortune is equivalent to 126 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 Xiangyang could buy 33,519,776 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 6 trucks to transport them. Although Lu Xiangyang will almost certainly have enough money left over to pay for the gas.
Biography
Lu Xiangyang was working at a local branch of the People's Bank of China in 1995 when he teamed up with his cousin Wang Chuanfu to start BYD, then a battery maker.
Lu is now vice chairman of the company, which has grown into one of the world's largest EV makers.
Lu also runs his own investment firm, Youngy Investment Holding Group.
Financial Assets
Monthly wealth history
Fortune comparison
Historical data not available for comparison