Mark Walter
Source of wealth: Finance, asset management
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The scale of their wealth
Health
The price of life
Let's compare Mark Walter's fortune with the healthcare spending of a massive country
Mark Walter could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 3.3 years.
But even if we compare their fortune with that of a rich country
On the other end, Mark Walter could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 1.5 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
Mark Walter could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 2.1 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 Mark Walter could pay for it entirely for 2.9 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Mark Walter could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 12.3 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Mark Walter 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 0.3 years.
Gold
Everyday luxuries
Mark Walter's fortune is equivalent to 50 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.
Mark Walter could buy 13,337,499 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 2 trucks to transport them. Although Mark Walter will almost certainly have enough money left over to pay for the gas.
Biography
Mark Walter is CEO of investment firm Guggenheim Partners, which has more than $300 billion in assets under management.
Walter helped found the firm in the late 1990s after he folded his Chicago-based company, Liberty Hampshire, into the Guggenheim family office.
A yearlong SEC probe into Guggenheim over controversial real estate deals linked to Walter reportedly ended in 2019 with no penalty.
Walter's personal investments include stakes in plant-based food maker Beyond Meat and online car vendor Carvana.
In June, Walter agreed to buy a majority stake in the Los Angeles Lakers from the Buss family, in a deal valuing the team at approximately $10 billion.
Financial Assets
Financial assets information not available.
Monthly wealth history
Fortune comparison
Historical data not available for comparison