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#979

Mahendra Choksi & family

Source of wealth: Paints

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 Mahendra Choksi & family's fortune with the healthcare spending of a massive country

Mahendra Choksi & family could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 2.0 years.

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

On the other end, Mahendra Choksi & family could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 0.9 years.

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Education

Buying the future

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

Mahendra Choksi & family could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 1.3 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 Mahendra Choksi & family could pay for it entirely for 1.7 years.

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Research

The monopoly on progress

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

Mahendra Choksi & 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 7.3 years.

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

But even if we compare the total wealth of Mahendra Choksi & 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.

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

Mahendra Choksi & family's fortune is equivalent to 30 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.

Mahendra Choksi & family could buy 7,973,033 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 Mahendra Choksi & family will almost certainly have enough money left over to pay for the gas.

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Biography

Mahendra Choksi is the son of one of four cofounders of India-listed Asian Paints.

Family patriarch Ashwin Choksi, under whom the fortune was previously listed, died in 2018.

Mahendra is the late Ashwin Choksi's brother. His son, Manish, is the company's non-executive vice-chairman.

The company, one of India's leading paint makers, is run by a professional CEO.

Financial Assets

Exchange
BSE INDIA
Ticker
500820-IN
Company
Asian Paints

Monthly wealth history

Fortune comparison

Historical data not available for comparison

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