Miguel Krigsner
Source of wealth: Cosmetics
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The scale of their wealth
Health
The price of life
Let's compare Miguel Krigsner's fortune with the healthcare spending of a massive country
Miguel Krigsner could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 3.1 years.
But even if we compare their fortune with that of a rich country
On the other end, Miguel Krigsner could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 1.4 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
Miguel Krigsner could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 2.0 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 Miguel Krigsner could pay for it entirely for 2.8 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Miguel Krigsner could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 11.6 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Miguel Krigsner 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
Miguel Krigsner's fortune is equivalent to 47 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.
Miguel Krigsner could buy 12,649,715 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 Miguel Krigsner will almost certainly have enough money left over to pay for the gas.
Biography
Bolivian-born Miguel Krigsner founded Grupo Boticario, Brazil's second-largest cosmetics company behind number one, Natura.
Grupo Boticario operates in more than 50 countries; Krigsner individually owns approximately 80% of the business.
His brother-in-law Artur Grynbaum joined as a financial assistant and worked his way up to president of the group by 2008. He owns about 20% of the group.
In 1990 Krigsner created the Boticario Group Foundation dedicated to environmental protection, which receives about 1% of Grupo Boticario's net income annually.
Today, Krigsner and Grynbaum serve as president and vice president, respectively, of the Grupo Boticario advisory board.
Financial Assets
Financial assets information not available.
Monthly wealth history
Fortune comparison
Historical data not available for comparison