Odd Reitan & family
Source of wealth: Retail, real estate
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The scale of their wealth
Health
The price of life
Let's compare Odd Reitan & family's fortune with the healthcare spending of a massive country
Odd Reitan & family could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 3.8 years.
But even if we compare their fortune with that of a rich country
On the other end, Odd Reitan & family could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 1.7 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
Odd Reitan & family could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 2.5 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 Odd Reitan & family could pay for it entirely for 3.4 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Odd Reitan & 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 14.3 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Odd Reitan & 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 0.3 years.
Gold
Everyday luxuries
Odd Reitan & family's fortune is equivalent to 58 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.
Odd Reitan & family could buy 15,582,476 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 3 trucks to transport them. Although Odd Reitan & family will almost certainly have enough money left over to pay for the gas.
Biography
Odd Reitan is the sole owner of Reitangruppen, which is one of the largest chains of grocery stores in Norway.
The son of single-store grocers, he opened his own shop in 1972 named AS Sjokkpris, or "Chocking price."
Now his privately held Reitangruppen owns grocery and convenience stores throughout Scandinavia and the Baltic, and employs 38,000 people.
Reitan's son, Ole Robert, is the Administrative director of grocery chain REMA 1000; son Magnus oversees Reitan Convenience.
Financial Assets
Financial assets information not available.
Monthly wealth history
Fortune comparison
Historical data not available for comparison