Peter Gilgan
Source of wealth: Homebuilding
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The scale of their wealth
Health
The price of life
Let's compare Peter Gilgan's fortune with the healthcare spending of a massive country
Peter Gilgan could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 2.7 years.
But even if we compare their fortune with that of a rich country
On the other end, Peter Gilgan could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 1.2 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
Peter Gilgan could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 1.8 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 Gilgan could pay for it entirely for 2.4 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Peter Gilgan could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 10.1 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Peter Gilgan 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 0.2 years.
Gold
Everyday luxuries
Peter Gilgan's fortune is equivalent to 41 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 Gilgan could buy 11,009,869 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 2 trucks to transport them. Although Peter Gilgan will almost certainly have enough money left over to pay for the gas.
Biography
Peter Gilgan has built more than 135,000 houses since founding Mattamy Homes in 1978.
Gilgan, who grew up as one of seven children in a middle-class family, worked as an accountant before going into building.
Inspired by the New Urbanism movement, he set out to construct suburban dwellings that broke from the bland and impersonal developments.
Mattamy (named after the two oldest of his eight children, Matt and Amy) began designing and building planned communities from the ground up in 1986.
Gilgan remains CEO of the $4.1 billion (revenues) business.
Financial Assets
Financial assets information not available.
Monthly wealth history
Fortune comparison
Historical data not available for comparison