Mikhail Lomtadze
Source of wealth: Fintech
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The scale of their wealth
Health
The price of life
Let's compare Mikhail Lomtadze's fortune with the healthcare spending of a massive country
Mikhail Lomtadze could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 2.7 years.
But even if we compare their fortune with that of a rich country
On the other end, Mikhail Lomtadze could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 1.2 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
Mikhail Lomtadze could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 1.8 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 Mikhail Lomtadze could pay for it entirely for 2.4 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Mikhail Lomtadze could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 10.1 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Mikhail Lomtadze 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
Mikhail Lomtadze's fortune is equivalent to 41 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.
Mikhail Lomtadze could buy 11,004,474 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 Mikhail Lomtadze will almost certainly have enough money left over to pay for the gas.
Biography
Mikhail Lomtadze is a former private equity investor at Russian-focused fund Baring Vostock.
Baring Vostock invested in Kaspi in 2006, and Lomtadze became CEO of Kaspi shortly thereafter.
In October 2020, Kaspi listed on the London Stock Exchange with a $6.5 billion valuation.
Kaspi is the leading digital payments and banking service in Kazakstan, where over 50% of the population use the app.
Kaspi generated revenues of $2.5 billion in 2024.
Financial Assets
Monthly wealth history
Fortune comparison
Historical data not available for comparison