The scale of their wealth
Health
The price of life
Let's compare Rustem Sulteev's fortune with the healthcare spending of a massive country
Rustem Sulteev could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 0.8 years.
But even if we compare their fortune with that of a rich country
On the other end, Rustem Sulteev could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 0.3 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
Rustem Sulteev could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 0.5 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 Rustem Sulteev could pay for it entirely for 0.7 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Rustem Sulteev could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 3.0 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Rustem Sulteev 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
Rustem Sulteev's fortune is equivalent to 12 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.
Rustem Sulteev could buy 3,211,461 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 Rustem Sulteev will almost certainly have enough money left over to pay for the gas.
Biography
Rusteem Sulteev got rich as co-owner of TAIF Group, a large regional holding company with assets in the Republic of Tatarstan.
TAIF became a shareholder in most of its companies during Russia's privatization in the mid 1990s.
He and his co-owner Albert Shigaboutdinov merged TAIF with petrochemical company Sibur in 2021.
Sulteev and other shareholders of TAIF received shares in Sibur, owned by billionaires Leonid Mikhelson and Gennady Timchenko.
Sulteev remains an owner of an oil refinery, a chain of gas stations and construction company.
Sulteev and his wife were sanctioned by the European Union in December 2023.
Financial Assets
Monthly wealth history
Fortune comparison
Historical data not available for comparison