Pedro Moreira Salles
Source of wealth: Banking, minerals
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The scale of their wealth
Health
The price of life
Let's compare Pedro Moreira Salles's fortune with the healthcare spending of a massive country
Pedro Moreira Salles could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 4.0 years.
But even if we compare their fortune with that of a rich country
On the other end, Pedro Moreira Salles could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 1.8 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
Pedro Moreira Salles could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 2.6 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 Pedro Moreira Salles could pay for it entirely for 3.5 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Pedro Moreira Salles could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 14.9 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Pedro Moreira Salles 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
Pedro Moreira Salles's fortune is equivalent to 61 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.
Pedro Moreira Salles could buy 16,135,822 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 Pedro Moreira Salles will almost certainly have enough money left over to pay for the gas.
Biography
Pedro Moreira Salles is a member of one of Brazil's oldest banking families.
His late father, Walther Moreira Salles, was the founder of Unibanco and a former ambassador to the United States.
In 2008 Unibanco merged with Itau, one of Brazil's largest commercial banks, creating Itau-Unibanco, the largest private sector bank in Latin America.
Moreira Salles and his three brothers, all billionaires, also own stakes in CBMM, the world's leading supplier of the mineral niobium.
Moreira Salles is co-president of Cambuhy, a private equity firm he founded in 2011 with three other financiers.<br>
Financial Assets
Monthly wealth history
Fortune comparison
Historical data not available for comparison