Nikolay Fartushnyak
Source of wealth: retail
...
...
The scale of their wealth
Health
The price of life
Let's compare Nikolay Fartushnyak's fortune with the healthcare spending of a massive country
Nikolay Fartushnyak could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 0.6 years.
But even if we compare their fortune with that of a rich country
On the other end, Nikolay Fartushnyak 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
Nikolay Fartushnyak could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 0.4 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 Nikolay Fartushnyak could pay for it entirely for 0.5 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Nikolay Fartushnyak could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 2.2 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Nikolay Fartushnyak 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
Nikolay Fartushnyak's fortune is equivalent to 9 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.
Nikolay Fartushnyak could buy 2,430,121 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 0 trucks to transport them. Although Nikolay Fartushnyak will almost certainly have enough money left over to pay for the gas.
Biography
Nikolay Fartushnyak, along with his older brother Vladimir and Alexander Mikhalskiy, cofounded Russia's largest sports and fashion retailer Sportmaster.
The Fartushnyak brothers and Mikhalskiy are also cofounders of Ostin, a Russian fast-fashion retailer.
In 2014 Fartushnyak and Igor Khudokormov, known as the "Russian sugar king," bought Swedish company Agrokultura, which owns about 200,000 hectares of agricultural land in Russia.
Fartushnyak and his partners started out with distribution business in the early 1990s and supplied French consumer goods to their home market.
His Sportmaster also has its own brands, such as Demix, which makes sports goods, apparel and shoes.
Financial Assets
Financial assets information not available.
Monthly wealth history
Fortune comparison
Historical data not available for comparison