Mohammad Abunayyan
Source of wealth: Diversified
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The scale of their wealth
Health
The price of life
Let's compare Mohammad Abunayyan's fortune with the healthcare spending of a massive country
Mohammad Abunayyan could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 0.8 years.
But even if we compare their fortune with that of a rich country
On the other end, Mohammad Abunayyan could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 0.3 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
Mohammad Abunayyan could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 0.5 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 Mohammad Abunayyan could pay for it entirely for 0.7 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Mohammad Abunayyan could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 2.9 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Mohammad Abunayyan 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
Mohammad Abunayyan's fortune is equivalent to 12 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.
Mohammad Abunayyan could buy 3,174,510 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 Mohammad Abunayyan will almost certainly have enough money left over to pay for the gas.
Biography
Mohammad Abunayyan is the founder and chairman of ACWA Power, a Saudi power generation and water desalination firm.
He founded the company in 2004 and took it public on the Saudi stock exchange in 2021; he now owns 3.5% of the shares.
Abunayyan also chairs Vision Invest, a Saudi holding company that owns stakes in several publicly traded and privately held companies.
He also owns 8% of Abdullah Abunayyan Trading Company, a Saudi holding company that owns 50% of Vision Invest.
Vision Invest and Abunayyan Holding own shares in several Saudi publicly traded companies in wastewater treatment, logistics and flour milling.
Financial Assets
Monthly wealth history
Fortune comparison
Historical data not available for comparison