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#808

Ruan Liping

Source of wealth: Power strips

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 Ruan Liping's fortune with the healthcare spending of a massive country

Ruan Liping could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 2.4 years.

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

On the other end, Ruan Liping could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 1.0 years.

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Education

Buying the future

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

Ruan Liping could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 1.5 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 Ruan Liping could pay for it entirely for 2.1 years.

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Research

The monopoly on progress

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

Ruan Liping could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 8.8 years.

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

But even if we compare the total wealth of Ruan Liping 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 0.2 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

Gold bar

Ruan Liping's fortune is equivalent to 36 tons of gold. It's hard to process, since we don't usually keep a handful of gold bars in our piggy banks.

Gold rings

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.

Ruan Liping could buy 9,554,180 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 2 trucks to transport them. Although Ruan Liping will almost certainly have enough money left over to pay for the gas.

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Biography

Ruan Liping is the chairman of power strip supplier Goneo Group, which went public on the Shanghai Stock Exchange in 2020.

Previously known as Gongniu Group, the company changed its English name to Goneo in 2023.

Ruan, a basketball fan, named the firm in honor of NBA Chicago Bulls former star Michael Jordan - with Gongniu translating to "bulls."

He cofounded Gongniu in 1995 with his younger brother Ruan Xueping, who is the company's vice chairman and also a billionaire.

Ruan started his career as an engineer in a local mechanical factory. He quit his job about a decade later to launch Gongniu.

Financial Assets

Exchange
SHANGHAI
Ticker
603195-CN
Company
Gongniu Group

Monthly wealth history

Fortune comparison

Historical data not available for comparison

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