The scale of their wealth
Health
The price of life
Let's compare Michel Litvak's fortune with the healthcare spending of a massive country
Michel Litvak could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 0.6 years.
But even if we compare their fortune with that of a rich country
On the other end, Michel Litvak could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 0.3 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
Michel Litvak could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 0.4 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 Michel Litvak could pay for it entirely for 0.6 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Michel Litvak could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 2.3 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Michel Litvak 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
Michel Litvak's fortune is equivalent to 9 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.
Michel Litvak could buy 2,519,090 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 0 trucks to transport them. Although Michel Litvak will almost certainly have enough money left over to pay for the gas.
Biography
Michel Litvak derives his fortune from OTEKO, a Moscow-based investor with interests in port and industrial infrastructure in southern Russia.
He started out trading consumer goods between Russia and China in 1991, following the collapse of the Soviet Union.
In 1992 he entered the oil railroad business and founded OTEKO, then a major railroad operator.
In 2018 Litvak sold the railroad business, and has focused on expanding his port and infrastructure companies.
Through his business Litvak owns two seaport terminals on the Black Sea coast: LPG Transshipment Complex and Taman Bulk Cargo Terminal.
Born in Leningrad, Litvak's parents were Russian Jews. In the 1960s his family left the Soviet Union and immigrated to Belgium; he now holds dual citizenship in Russia and Belgium.
Financial Assets
Financial assets information not available.
Monthly wealth history
Fortune comparison
Historical data not available for comparison