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#1291

Michiel Le Roux

Source of wealth: Banking

Net Worth

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Earnings per second

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The scale of their wealth

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Health

The price of life

Let's compare Michiel Le Roux's fortune with the healthcare spending of a massive country

Michiel Le Roux could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 1.5 years.

But even if we compare their fortune with that of a rich country

On the other end, Michiel Le Roux could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 0.7 years.

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Education

Buying the future

Let's also compare their fortune with education spending, first with a poor country

Michiel Le Roux could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 1.0 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 Michiel Le Roux could pay for it entirely for 1.3 years.

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Research

The monopoly on progress

Coming full circle, we think it's also interesting to add another gigantic country

Michiel Le Roux could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 5.6 years.

And of course, the country that invests the most per capita worldwide

But even if we compare the total wealth of Michiel Le Roux 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.

While billions of people struggle to access basic healthcare, education, and research, a single individual could fund entire national systems for centuries.

Gold

Everyday luxuries

Gold bar

Michiel Le Roux's fortune is equivalent to 23 tons of gold. It's hard to process, since we don't usually keep a handful of gold bars in our piggy banks.

Gold rings

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.

Michiel Le Roux could buy 6,054,892 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 Michiel Le Roux will almost certainly have enough money left over to pay for the gas.

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Biography

Michiel Le Roux of South Africa founded Capitec Bank in 2001 and owns about 11% of the company's shares.

The bank, which trades on the Johannesburg Stock Exchange, targets South Africa's emerging middle class.

He served as chairman of the board of Capitec from 2007 to 2016 and still sits on the company's board.

Le Roux previously ran Boland Bank, a small regional bank in Cape Town's hinterland.

Financial Assets

Exchange
JSE
Ticker
CPI-ZA
Company
Capitec Bank Holdings Ltd
Exchange
JSE
Ticker
ZED-ZA
Company
Zeder Investments Ltd

Monthly wealth history

Fortune comparison

Historical data not available for comparison

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