Mohed Altrad
Source of wealth: Scaffolding, cement mixers
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The scale of their wealth
Health
The price of life
Let's compare Mohed Altrad's fortune with the healthcare spending of a massive country
Mohed Altrad could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 3.0 years.
But even if we compare their fortune with that of a rich country
On the other end, Mohed Altrad could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 1.3 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
Mohed Altrad could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 1.9 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 Mohed Altrad could pay for it entirely for 2.6 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Mohed Altrad could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 11.1 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Mohed Altrad 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
Mohed Altrad's fortune is equivalent to 45 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.
Mohed Altrad could buy 12,093,348 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 Mohed Altrad will almost certainly have enough money left over to pay for the gas.
Biography
Mohed Altrad heads $5.8 billion (revenue) Altrad Group, which provides added-value industrial services and manufactures construction equipment.
Altrad began life as an orphaned Bedouin in the Syrian desert. He was raised by his grandmother and attended school against her wishes.
He eventually won himself a scholarship to study in France, where he earned undergraduate degrees in physics and math and a Ph.D. in computer science.
After stints at tech firms and the Abu Dhabi National Oil Company, he bought a bankrupt scaffolding manufacturer in France with a partner in 1985.
Financial Assets
Financial assets information not available.
Monthly wealth history
Fortune comparison
Historical data not available for comparison