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#380

Rajan Mittal

Source of wealth: Telecom

Net Worth

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Earnings per second

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The scale of their wealth

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Health

The price of life

Let's compare Rajan Mittal's fortune with the healthcare spending of a massive country

Rajan Mittal could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 4.1 years.

But even if we compare their fortune with that of a rich country

On the other end, Rajan Mittal could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 1.8 years.

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Education

Buying the future

Let's also compare their fortune with education spending, first with a poor country

Rajan Mittal could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 2.7 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 Rajan Mittal could pay for it entirely for 3.6 years.

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Research

The monopoly on progress

Coming full circle, we think it's also interesting to add another gigantic country

Rajan Mittal could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 15.3 years.

And of course, the country that invests the most per capita worldwide

But even if we compare the total wealth of Rajan Mittal 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 0.3 years.

While billions of people struggle to access basic healthcare, education, and research, a single individual could fund entire national systems for centuries.

Gold

Everyday luxuries

Gold bar

Rajan Mittal's fortune is equivalent to 62 tons of gold. It's hard to process, since we don't usually keep a handful of gold bars in our piggy banks.

Gold rings

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.

Rajan Mittal could buy 16,579,977 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 3 trucks to transport them. Although Rajan Mittal will almost certainly have enough money left over to pay for the gas.

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Biography

Rajan Mittal is vice-chairman of Bharti Enterprises, whose biggest asset is Bharti Airtel, one of India's largest mobile phone operators. It has more than 6500 million customers across India and Africa.

Airtel, which has SingTel as its partner, competes with Mukesh Ambani's Reliance Jio and Kumar Birla's Vodafone Idea.

In 2022, Google announced a $1 billion investment in Bharti Airtel,of which $700 million was for a minority stake in the company.

His brother, Sunil Mittal, is chairman of the company and its public face.

Their Bharti Global, run by his nephew Shravin, has stakes in France's Eutelsat and U.K. telecoms company BT.

Financial Assets

Exchange
BSE INDIA
Ticker
532454-IN
Company
Bharti Airtel Ltd.
Exchange
LONDON
Ticker
BT.A-GB
Company
BT Group
Exchange
EURONEXT PARIS
Ticker
ETL-FR
Company
Eutelsat Communications
Exchange
BSE INDIA
Ticker
540716-IN
Company
ICICI Lombard General Insurance Company
Exchange
BSE INDIA
Ticker
500215-IN
Company
Sundrop Brands

Monthly wealth history

Fortune comparison

Historical data not available for comparison

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