Paolo Rocca
Source of wealth: Pipe Manufacturing
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The scale of their wealth
Health
The price of life
Let's compare Paolo Rocca's fortune with the healthcare spending of a massive country
Paolo Rocca could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 3.5 years.
But even if we compare their fortune with that of a rich country
On the other end, Paolo Rocca could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 1.6 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
Paolo Rocca could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 2.3 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 Paolo Rocca could pay for it entirely for 3.1 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Paolo Rocca could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 13.1 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Paolo Rocca 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
Paolo Rocca's fortune is equivalent to 54 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.
Paolo Rocca could buy 14,274,112 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 Paolo Rocca will almost certainly have enough money left over to pay for the gas.
Biography
Brothers Paolo and Gianfelice Rocca oversee the Techint Group, the global conglomerate founded by their grandfather, industrialist Agostino Rocca.
Agostino helped build Italy's steel industry in the 1930s then launched the Techint Group in Argentina in 1945.
Its companies operate in steel production, engineering and construction projects, mining, oil and gas and the Italian hospital and healthcare sector.
The Techint Group pulls in more than $38 billion in annual revenue and employs about 78,000 people globally.
Paolo, who is CEO, resides in Argentina; Gianfelice runs the group's healthcare company, Humanitas, from Italy.
Financial Assets
Monthly wealth history
Fortune comparison
Historical data not available for comparison