Mitchell Morgan & family
Source of wealth: Real estate
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The scale of their wealth
Health
The price of life
Let's compare Mitchell Morgan & family's fortune with the healthcare spending of a massive country
Mitchell Morgan & family 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, Mitchell Morgan & family 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
Mitchell Morgan & family 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 Mitchell Morgan & family 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
Mitchell Morgan & family could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 10.3 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Mitchell Morgan & family 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
Mitchell Morgan & family's fortune is equivalent to 42 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 Morgan & family could buy 11,134,823 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 Mitchell Morgan & family will almost certainly have enough money left over to pay for the gas.
Biography
Mitchell Morgan is the founder, CEO and owner of Conshohocken, Pennsylvania-based Morgan Properties, the third-largest owner of apartments in the U.S.
Morgan Properties owns more than 350 properties with over 97,000 units in 20 states.
Morgan founded the company in the Philadelphia suburb of King of Prussia in 1985 with a partner and took sole ownership in 1996.
Morgan Properties' first major deal was the 2007 acquisition of a 17,000-unit portfolio from the Kushner Companies for $1.9 billion alongside AIG.
Before entering the real estate business, Morgan worked as an accountant while taking night classes to earn a law degree at Temple University.
Financial Assets
Financial assets information not available.
Monthly wealth history
Fortune comparison
Historical data not available for comparison