Ralph Lauren & Family
Source of wealth: Apparel
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The scale of their wealth
Health
The price of life
Let's compare Ralph Lauren & Family's fortune with the healthcare spending of a massive country
Ralph Lauren & Family could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 6.0 years.
But even if we compare their fortune with that of a rich country
On the other end, Ralph Lauren & Family could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 2.6 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
Ralph Lauren & Family could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 3.9 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 Ralph Lauren & Family could pay for it entirely for 5.3 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Ralph Lauren & Family could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 22.4 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Ralph Lauren & Family 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 0.5 years.
Gold
Everyday luxuries
Ralph Lauren & Family's fortune is equivalent to 91 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.
Ralph Lauren & Family could buy 24,363,073 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 4 trucks to transport them. Although Ralph Lauren & Family will almost certainly have enough money left over to pay for the gas.
Biography
Ralph Lauren is executive chairman and chief creative officer of Ralph Lauren, his all-American fashion empire. He controls 85% of the voting rights.
Lauren started the business in 1967 from a tiny office at the Empire State building. His first breakthrough came when Neiman Marcus ordered 1,200 ties.
He stepped down from his position as CEO in 2015. His son, David, is chief branding and innovation officer.
Born in the Bronx to Jewish immigrants, Ralph Lifshitz, as he was then known, worked as a part-time stock boy at a department store as a teenager.
For 30 years, Lauren has supported breast cancer research, cofounding Georgetown's Nina Hyde Center for Breast Cancer Research in 1989.
Financial Assets
Monthly wealth history
Fortune comparison
Historical data not available for comparison