Peter Unger
Source of wealth: Auto repair
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The scale of their wealth
Health
The price of life
Let's compare Peter Unger's fortune with the healthcare spending of a massive country
Peter Unger could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 1.3 years.
But even if we compare their fortune with that of a rich country
On the other end, Peter Unger could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 0.6 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
Peter Unger 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 Unger could pay for it entirely for 1.2 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Peter Unger could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 4.8 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Peter Unger 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 Unger's fortune is equivalent to 20 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 Unger could buy 5,263,858 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 Unger will almost certainly have enough money left over to pay for the gas.
Biography
From a single location opened in 1985, Peter Unger built his namesake auto parts and repair outfit Auto-Teile-Unger (A.T.U.) into a nationwide chain.
In 2002, he sold 72% of the company for $900 million to Doughty Hanson & Co. Two years later, he sold his remaining stake for $360 million to KKR & Co.
Residing in Bavaria, Unger now invests in listed companies, startups and both residential and commercial real estate throughout Germany.
Investments include food hygiene company aquagroup, a bike center focused on electric bicycles, and sensor technology startup Tacerion.
Financial Assets
Financial assets information not available.
Monthly wealth history
Fortune comparison
Historical data not available for comparison