Mitchell Goldhar
Source of wealth: Real estate
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The scale of their wealth
Health
The price of life
Let's compare Mitchell Goldhar's fortune with the healthcare spending of a massive country
Mitchell Goldhar could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 1.3 years.
But even if we compare their fortune with that of a rich country
On the other end, Mitchell Goldhar could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 0.6 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
Mitchell Goldhar could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 0.8 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 Mitchell Goldhar could pay for it entirely for 1.1 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Mitchell Goldhar could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 4.8 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Mitchell Goldhar 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
Mitchell Goldhar's fortune is equivalent to 20 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.
Mitchell Goldhar could buy 5,206,247 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 Mitchell Goldhar will almost certainly have enough money left over to pay for the gas.
Biography
Mitchell Goldhar founded real estate firm SmartCentres in the early 1990s, then developed more than 265 shopping centers in the ensuing two decades.
In May 2015, he sold most of SmartCentre's assets to SmartREIT (formerly Calloway REIT), for about $880 million in shares, cash and assumed debt.
Goldhar, who chairs SmartREIT, also owns various developments across Canada through his private company Penguin Investments.
This includes a stake, along with SmartREIT, in the Vaughan Metropolitan Centre, a 100-acre master planned development north of Toronto.
Goldhar owns Israeli soccer team Maccabi Tel Aviv FC, which won the Israeli club league in 2019. He plays squash, tennis and hockey.
Financial Assets
Monthly wealth history
Fortune comparison
Historical data not available for comparison