Richard LeFrak & family
Source of wealth: Real estate
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The scale of their wealth
Health
The price of life
Let's compare Richard LeFrak & family's fortune with the healthcare spending of a massive country
Richard LeFrak & family could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 1.3 years.
But even if we compare their fortune with that of a rich country
On the other end, Richard LeFrak & family could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 0.6 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
Richard LeFrak & family could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 0.8 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 LeFrak & family could pay for it entirely for 1.1 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Richard LeFrak & 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 4.7 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Richard LeFrak & 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 0.1 years.
Gold
Everyday luxuries
Richard LeFrak & family's fortune is equivalent to 19 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 LeFrak & family could buy 5,107,463 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 LeFrak & family will almost certainly have enough money left over to pay for the gas.
Biography
Richard LeFrak became CEO of the LeFrak Organization in 2003 when his father Sam died.
The father-son team transformed the business, which started in France in 1883, into one of the largest real estate developers in the New York area.
Holdings include LeFrak City - a 20-building, 5,000-unit apartment complex in Queens - and hundreds of acres across from Manhattan to Newport, N.J.
Known for apartments for moderate-income tenants in the areas around New York City, LeFrak has recently been expanding into luxury and new markets.
LeFrak's biggest bet right now is SoLe Mia, a 184-acre mixed used project he's developing in North Miami.
An owner of rent-stabilized apartments in New York, LeFrak took a hit in June 2019 when state lawmakers made it harder for landlords to raise rents.
Financial Assets
Monthly wealth history
Fortune comparison
Historical data not available for comparison