The scale of their wealth
Health
The price of life
Let's compare Panagiotis Tsakos & family's fortune with the healthcare spending of a massive country
Panagiotis Tsakos & family could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 1.6 years.
But even if we compare their fortune with that of a rich country
On the other end, Panagiotis Tsakos & family could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 0.7 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
Panagiotis Tsakos & family could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 1.1 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 Panagiotis Tsakos & family could pay for it entirely for 1.5 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Panagiotis Tsakos & 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 6.1 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Panagiotis Tsakos & 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 0.1 years.
Gold
Everyday luxuries
Panagiotis Tsakos & family's fortune is equivalent to 25 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.
Panagiotis Tsakos & family could buy 6,640,367 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 Panagiotis Tsakos & family will almost certainly have enough money left over to pay for the gas.
Biography
Panagiotis Tsakos is the founder of Tsakos Group, an Athens-based shipping company that owns more than 110 oil tankers, LNG vessels, container ships and dry cargo vessels.
Born on the island of Chios in a family of seafarers, he started the business in 1970. His son Nikolas joined the family firm in the mid-1980s.
In 1993, Nikolas set up tanker firm Tsakos Energy Navigation. One of the first tanker firms to go public, Nikolas listed it on the Oslo stock exchange in 1993 and in New York in 2002.
Nikolas has served as president and CEO of Tsakos Energy Navigation since 1993 and now runs the business, which he owns along with his father Panagiotis.
Panagiotis and Nikolas also own other investments including a mineral water brand, renewable energy projects, forestry, real estate and a stake in a Greek bank.
Financial Assets
Financial assets information not available.
Monthly wealth history
Fortune comparison
Historical data not available for comparison