Luo Liguo & family
Source of wealth: Chemicals
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The scale of their wealth
Health
The price of life
Let's compare Luo Liguo & family's fortune with the healthcare spending of a massive country
Luo Liguo & family could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 1.8 years.
But even if we compare their fortune with that of a rich country
On the other end, Luo Liguo & family could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 0.8 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
Luo Liguo & family could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 1.2 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 Luo Liguo & family could pay for it entirely for 1.6 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Luo Liguo & 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 6.8 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Luo Liguo & 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 0.2 years.
Gold
Everyday luxuries
Luo Liguo & family's fortune is equivalent to 28 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.
Luo Liguo & family could buy 7,417,916 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 Luo Liguo & family will almost certainly have enough money left over to pay for the gas.
Biography
Luo Liguo is the chairman of Hoshine Silicon Industry, a supplier of silicon metals used in electronics, photovoltaic, and chemical products.
Hoshine went public on the Shanghai Stock Exchange in 2017.
Luo hails from a township famous for making straw hats. He started a successful straw hat business early in his career.
Luo's daughter, Luo Yi, is Hoshine's vice chairman. Her husband, Hao Han, is a company director.
Luo's son, Luo Yedong, has been Hoshine's CEO since 2021.
Financial Assets
Monthly wealth history
Fortune comparison
Historical data not available for comparison