Phil Ruffin
Source of wealth: Casinos, real estate
...
...
The scale of their wealth
Health
The price of life
Let's compare Phil Ruffin's fortune with the healthcare spending of a massive country
Phil Ruffin could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 1.9 years.
But even if we compare their fortune with that of a rich country
On the other end, Phil Ruffin could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 0.9 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
Phil Ruffin could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 1.3 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 Phil Ruffin could pay for it entirely for 1.7 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Phil Ruffin could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 7.2 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Phil Ruffin 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
Phil Ruffin's fortune is equivalent to 29 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.
Phil Ruffin could buy 7,831,363 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 Phil Ruffin will almost certainly have enough money left over to pay for the gas.
Biography
Phil Ruffin owns the Treasure Island Hotel & Casino plus 50% of the Trump International Las Vegas hotel alongside friend Donald Trump.
Son of a grocer, Ruffin dropped out of college to sell hamburgers with his buddies, then used the profits to buy convenience stores.
From there he expanded into real estate: strip malls, office parks and hotels, including Marriotts in Alabama, California and the Bahamas.
In 1998 he bought the New Frontier Hotel & Casino for $165 million; he sold it for $1.2 billion in 2007 to Israeli billionaire Yitzhak Tshuva.
He bought Treasure Island from MGM in 2009, amid the great recession, for $775 million.
In 2019, Ruffin bought Circus Circus and the Las Vegas Festival Grounds from MGM for $825 million.
Financial Assets
Financial assets information not available.
Monthly wealth history
Fortune comparison
Historical data not available for comparison