Richard Fortin

Source of wealth: Convinience stores

77 years male Fashion & Retail 🇨🇦 CA

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 Richard Fortin's fortune with the healthcare spending of a massive country

Richard Fortin could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 0.9 years.

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

On the other end, Richard Fortin could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 0.4 years.

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Education

Buying the future

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

Richard Fortin could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 0.6 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 Richard Fortin could pay for it entirely for 0.8 years.

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Research

The monopoly on progress

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

Richard Fortin could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 3.3 years.

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

But even if we compare the total wealth of Richard Fortin 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.

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

Richard Fortin's fortune is equivalent to 14 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.

Richard Fortin could buy 3,621,444 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 1 trucks to transport them. Although Richard Fortin will almost certainly have enough money left over to pay for the gas.

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Biography

Richard Fortin is a cofounder and board member of Alimentation Couche-Tard, a Canadian convenience store giant that owns the Circle K chain.

Couche-Tard does $73 billion in annual revenue across more than 17,000 stores.

Fortin, a golf and fishing enthusiast, also owns stakes in the National Bank of Canada and Canadian packaging and publishing company Transcontinental.

His Fondation Lise et Richard Fortin supports causes like assistance for the elderly and services for children who are survivors of sexual assault.

The chain has made three other cofounders billionaires: former CEO Alain Bouchard, Jacques D'Amours and Réal Plourde.