Philip Fayer
Source of wealth: Fintech
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The scale of their wealth
Health
The price of life
Let's compare Philip Fayer's fortune with the healthcare spending of a massive country
Philip Fayer could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 0.7 years.
But even if we compare their fortune with that of a rich country
On the other end, Philip Fayer could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 0.3 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
Philip Fayer could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 0.4 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 Philip Fayer could pay for it entirely for 0.6 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Philip Fayer could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 2.5 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Philip Fayer 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
Philip Fayer's fortune is equivalent to 10 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.
Philip Fayer could buy 2,698,722 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 Philip Fayer will almost certainly have enough money left over to pay for the gas.
Biography
Philip Fayer is the founder, CEO and chairman of Canadian fintech firm Nuvei.
Nuvei in went public in 2020 at a $6 billion valuation and raised $700 million, the largest tech IPO on the Toronto Stock Exchange at the time.
The firm, based in Montreal but with staff across six continents, processes payments in more than 150 currencies and generates more than $1 billion in annual revenue.
Fayer, PE firm Advent International and others took Nuvei private in a $6.3 billion deal in 2024. Fayer owns around a quarter of the company.
A Canadian native, Fayer was reportedly raised in Israel and Belgium and is a pilot and race car driver.
Financial Assets
Financial assets information not available.
Monthly wealth history
Fortune comparison
Historical data not available for comparison