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#2680

Lucio Co

Source of wealth: Retail

Net Worth

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Earnings per second

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The scale of their wealth

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Health

The price of life

Let's compare Lucio Co's fortune with the healthcare spending of a massive country

Lucio Co could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 0.7 years.

But even if we compare their fortune with that of a rich country

On the other end, Lucio Co could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 0.3 years.

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Education

Buying the future

Let's also compare their fortune with education spending, first with a poor country

Lucio Co could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 0.4 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 Lucio Co could pay for it entirely for 0.6 years.

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Research

The monopoly on progress

Coming full circle, we think it's also interesting to add another gigantic country

Lucio Co could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 2.5 years.

And of course, the country that invests the most per capita worldwide

But even if we compare the total wealth of Lucio Co 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.

While billions of people struggle to access basic healthcare, education, and research, a single individual could fund entire national systems for centuries.

Gold

Everyday luxuries

Gold bar

Lucio Co's fortune is equivalent to 10 tons of gold. It's hard to process, since we don't usually keep a handful of gold bars in our piggy banks.

Gold rings

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.

Lucio Co could buy 2,679,274 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 0 trucks to transport them. Although Lucio Co will almost certainly have enough money left over to pay for the gas.

Biography

Lucio Co and his wife Susan control and run Puregold Price Club, a chain of hypermarkets and supermarkets they cofounded in 1998.

Starting with a location in Mandaluyong City, the chain now boasts more than 640 stores across the Philippines.

Susan is chairman and Lucio a director of Puregold. Their son, Ferdinand Vincent, helps them run the company as president.

The Cos also head listed Cosco Capital, which has stakes in liquor distribution and real estate businesses.

They have interests in gaming and hotels as well.

Financial Assets

Exchange
PHILIPPINES
Ticker
COSCO-PH
Company
Cosco Capital Inc.
Exchange
PHILIPPINES
Ticker
KEEPR-PH
Company
Keepers Holdings
Exchange
PHILIPPINES
Ticker
PBC-PH
Company
Philippine Bank of Communications
Exchange
PHILIPPINES
Ticker
PGOLD-PH
Company
Puregold Price Club

Monthly wealth history

Fortune comparison

Historical data not available for comparison

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