Reinhold Wuerth & family
Source of wealth: Fasteners
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Biography
Reinhold Wuerth is honorary chairman of the supervisory board of the Wuerth Group, a German hardware manufacturer founded by his father.
Wuerth joined the family's wholesale screw business in 1949, at age 14, as the company's second employee and first apprentice.
Today, with annual sales of over $23 billion, the Wuerth Group has more than 400 companies and 87,000 employees around the world.
Reinhold retired in 1994, but he still serves as Honorary Chairman of the Supervisory Board of the Wuerth Group.
Nephew Sebastian Wuerth is chairman of the advisory board of Wuerth Group.
Perspective on their fortune
Gold
Everyday luxury
A Reinhold Wuerth & family's fortune is equivalent to 195 of gold, but this may be difficult to value, as we don't usually have a handful of gold bars in our piggy bank.
A standard gold ring typically weighs between 4 and 7 grams. Let's say this one weighs 5 grams. It's usually 18k gold.
Based on today's gold price (not taking into account the jeweler's fee, shipping, or anything else), that gold ring would be worth $556.3
Reinhold Wuerth & family could buy 52,086,057 gold rings. That's a lot of fingers and a lot of gifts!!
And if the number of rings is difficult to visualize, all these rings would need 9 trucks to transport them, But we can be almost certain that Reinhold Wuerth & family will have enough left over to pay for the gas for those trucks.
Health
The price of life
Let's compare Reinhold Wuerth & family's fortune with the healthcare spending of a huge country
Reinhold Wuerth & family could fund the entire healthcare system of DR Congo with a population of over 105,800,000 of inhabitants for approximately 13.0 years.
But even if we compare their fortune to that of a rich country
At the other extreme, Reinhold Wuerth & family could cover the health expenditure of Luxembourg, considered the world's most heavily invested health system, for 5.8 years
Education
Buying the future
Lowest education spending
Reinhold Wuerth & family could assume the entire cost of the education system of Nigeria, the most populous country in Africa, with more than 243,000,000 inhabitants for 8.5 years.
Highest education spending
But not only could he assume the cost of a poor country, Luxembourg is considered the country with the highest per capita investment in education in the world, Reinhold Wuerth & family could pay for it in full for 11.6 years.
Research
The monopoly of progress
Lowest research spending
Reinhold Wuerth & family could fully fund the state research budget of Pakistan, the fifth most populous country in the world with more than 260,000,000 of inhabitants, for 48.8 years.
Highest research spending
But even if we compare the total wealth of Reinhold Wuerth & family with Israel, the country that currently invests the most per capita in research in the world, it could assume the total cost of the system for 1.1 years.
Financial Assets
Financial assets information not available.
Monthly wealth history
Fortune comparison
Historical data not available for comparison