Manuel Arango Arias
Source of wealth: Walmart Mexico
...
...
The scale of their wealth
Health
The price of life
Let's compare Manuel Arango Arias's fortune with the healthcare spending of a massive country
Manuel Arango Arias could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 0.9 years.
But even if we compare their fortune with that of a rich country
On the other end, Manuel Arango Arias could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 0.4 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
Manuel Arango Arias could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 0.6 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 Manuel Arango Arias could pay for it entirely for 0.8 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Manuel Arango Arias could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 3.5 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Manuel Arango Arias 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.
Gold
Everyday luxuries
Manuel Arango Arias's fortune is equivalent to 14 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.
Manuel Arango Arias could buy 3,847,443 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 Manuel Arango Arias will almost certainly have enough money left over to pay for the gas.
Biography
Manuel Arango and his brothers, Jeronimo (d. 2020) and Placido (d. 2020) are credited for building one of Mexico's first major retailers and helping establish Walmart's presence in the country.
In 1958, as sales of their father's clothing factory dwindled, the trio founded the bargain retail chain Central de Ropa, later renamed Grupo Cifra.
The company owned the Bodega Aurrera stores, selling everything from groceries to home appliances.
The Arango's took the company public on the Mexican Stock Exchange in 1977. Fourteen years later, they embarked on a 50/50 partnership with Walmart to expand across Mexico.
In 1997, Walmart bought a majority stake in Grupo Cifra for $1.8 billion and took over Walmex (Walmart de Mexico).
Financial Assets
Financial assets information not available.
Monthly wealth history
Fortune comparison
Historical data not available for comparison