Peter-Alexander Wacker
Source of wealth: Chemicals
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The scale of their wealth
Health
The price of life
Let's compare Peter-Alexander Wacker's fortune with the healthcare spending of a massive country
Peter-Alexander Wacker could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 0.5 years.
But even if we compare their fortune with that of a rich country
On the other end, Peter-Alexander Wacker could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 0.2 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
Peter-Alexander Wacker could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 0.3 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 Peter-Alexander Wacker 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
Peter-Alexander Wacker could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 1.9 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Peter-Alexander Wacker 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 0.0 years.
Gold
Everyday luxuries
Peter-Alexander Wacker's fortune is equivalent to 8 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.
Peter-Alexander Wacker could buy 2,085,932 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 Peter-Alexander Wacker will almost certainly have enough money left over to pay for the gas.
Biography
Peter-Alexander Wacker owns around 10% of chemical company Wacker Chemie AG, founded by his great-grandfather Alexander Wacker in 1914.
He worked for BMW for ten years before joining Wacker Chemie in 1993 as a member of the board, when it was still a privately owned company.
When Wacker went public in November 2005, Peter-Alexander became CEO. In 2008, he stepped down and became chairman of the supervisory board.
Wacker Chemie has an annual revenue of more than $6 billion and sells its products in over 100 countries.
In 2016, the company began producing polysilicon (used for solar cells and semiconductors) at a new facility in Bradley County, Tennessee.
Financial Assets
Monthly wealth history
Fortune comparison
Historical data not available for comparison