Luigi Cremonini & family
Source of wealth: meat processing
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The scale of their wealth
Health
The price of life
Let's compare Luigi Cremonini & family's fortune with the healthcare spending of a massive country
Luigi Cremonini & family could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 0.5 years.
But even if we compare their fortune with that of a rich country
On the other end, Luigi Cremonini & family could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 0.2 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
Luigi Cremonini & family could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 0.3 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 Luigi Cremonini & family could pay for it entirely for 0.4 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Luigi Cremonini & family could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 1.7 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Luigi Cremonini & family 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 0.0 years.
Gold
Everyday luxuries
Luigi Cremonini & family's fortune is equivalent to 7 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.
Luigi Cremonini & family could buy 1,869,334 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 Luigi Cremonini & family will almost certainly have enough money left over to pay for the gas.
Biography
Luigi Cremonini supplies hamburger meat to McDonald's and Burger King in Italy and other countries through his privately-held Inalca SpA.
Born to poor farmers in an Italian village near Modena, Cremonini got his start by opening a small butcher shop in 1963.
Beginning in the late 1970s he diversified into cured meats, distribution and catering and within a decade expanded the business internationally.
Today Cremonini Group employs more than 19,500 workers all over the globe and generated $5.6 billion in revenues in 2022.
Its catering arm Chef Express sells food on trains in Europe, Turkey and Russia, including the Eurostar service between London and Paris.
Financial Assets
Monthly wealth history
Fortune comparison
Historical data not available for comparison