Michael Pieper
Source of wealth: Kitchen appliances
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The scale of their wealth
Health
The price of life
Let's compare Michael Pieper's fortune with the healthcare spending of a massive country
Michael Pieper 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, Michael Pieper could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 0.9 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
Michael Pieper 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 Michael Pieper could pay for it entirely for 1.8 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Michael Pieper could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 7.6 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Michael Pieper 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
Michael Pieper's fortune is equivalent to 31 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 Pieper could buy 8,260,452 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 Michael Pieper will almost certainly have enough money left over to pay for the gas.
Biography
Michael Pieper's Artemis Group controls the Switzerland-based Franke Group, maker of kitchen sinks and other industrial-grade kitchen equipment.
Pieper is CEO and sole shareholder of the group, which was founded in Rorschach, Switzerland in 1911 and acquired by Michael's father, Will, in 1975.
Michael took over in 1989, expanding the company into eastern Europe, Asia, Africa and the Americas.
Artemis also owns a stake in precision cutting technology company Feintool, Swiss real estate and teak plantations in Costa Rica and Nicaragua.
Pieper serves on the boards of several companies, including construction manufacturer Forbo and vehicle component manufacturer Autoneum.
Financial Assets
Monthly wealth history
Fortune comparison
Historical data not available for comparison