Ramzi Musallam
Source of wealth: Private equity
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The scale of their wealth
Health
The price of life
Let's compare Ramzi Musallam's fortune with the healthcare spending of a massive country
Ramzi Musallam could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 4.9 years.
But even if we compare their fortune with that of a rich country
On the other end, Ramzi Musallam could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 2.1 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
Ramzi Musallam could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 3.2 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 Ramzi Musallam could pay for it entirely for 4.3 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Ramzi Musallam could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 18.2 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Ramzi Musallam 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 0.4 years.
Gold
Everyday luxuries
Ramzi Musallam's fortune is equivalent to 74 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.
Ramzi Musallam could buy 19,719,975 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 Ramzi Musallam will almost certainly have enough money left over to pay for the gas.
Biography
Ramzi Musallam joined private equity firm Veritas Capital in 1997 as a founding member of its first fund and became CEO in 2012.
Since Musallam took over, Veritas' assets under management have grown from $2 billion to $54 billion.
Veritas specializes in acquiring technology companies in heavily regulated industries like national security, healthcare and education.
Veritas was named America's top-performing buyout firm by Preqin in 2023 and has netted billions selling businesses like Athenahealth and Guidehouse.
Musallam, a Jordanian immigrant, earned his MBA at the University of Chicago while also working at Jay Pritzker's family office.
Financial Assets
Financial assets information not available.
Monthly wealth history
Fortune comparison
Historical data not available for comparison