Peter Leibinger
Source of wealth: Machine tools
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The scale of their wealth
Health
The price of life
Let's compare Peter Leibinger's fortune with the healthcare spending of a massive country
Peter Leibinger could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 1.1 years.
But even if we compare their fortune with that of a rich country
On the other end, Peter Leibinger could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 0.5 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
Peter Leibinger could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 0.8 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 Leibinger could pay for it entirely for 1.0 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Peter Leibinger could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 4.3 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Peter Leibinger 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
Peter Leibinger's fortune is equivalent to 18 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 Leibinger could buy 4,668,050 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 Peter Leibinger will almost certainly have enough money left over to pay for the gas.
Biography
Peter Leibinger owns 29.4% of the world's largest manufacturer of machine tools, TRUMPF.
The company traces its roots to 1923 when Christian Trumpf acquired a machine shop in Stuttgart.
Peter's father, Berthold Leibinger, joined the company in 1961 and developed the first contour "nibbling" machine tool with numerical control.
Christian Trumpf, who had no children, chose Berthold as his successor and handed over control of the company to him in 1972.
After retiring from management in 2005, Berthold passed the company's ownership to his three children, each of whom now owns 29.4%.
Financial Assets
Financial assets information not available.
Monthly wealth history
Fortune comparison
Historical data not available for comparison