The scale of their wealth
Health
The price of life
Let's compare Michael Kadoorie's fortune with the healthcare spending of a massive country
Michael Kadoorie could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 3.5 years.
But even if we compare their fortune with that of a rich country
On the other end, Michael Kadoorie 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
Michael Kadoorie could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 2.3 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 Michael Kadoorie could pay for it entirely for 3.1 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Michael Kadoorie could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 13.0 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Michael Kadoorie 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
Michael Kadoorie's fortune is equivalent to 53 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.
Michael Kadoorie could buy 14,121,947 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 3 trucks to transport them. Although Michael Kadoorie will almost certainly have enough money left over to pay for the gas.
Biography
Michael Kadoorie chairs CLP Holdings, the publicly traded power company his family cofounded in 1901.
CLP Holdings now serves 80% of Hong Kong's population.
Kadoorie is also chairman of the Hongkong and Shanghai Hotels, the global luxury chain that includes the Peninsula Hotels.
The company celebrated its 150th anniversary in 2016.
Michael's son Philip sits on the board at both CLP Holdings and the Hongkong and Shanghai Hotels.
Financial Assets
Monthly wealth history
Fortune comparison
Historical data not available for comparison