Scott Smith
Source of wealth: Cloud computing
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The scale of their wealth
Health
The price of life
Let's compare Scott Smith's fortune with the healthcare spending of a massive country
Scott Smith could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 0.5 years.
But even if we compare their fortune with that of a rich country
On the other end, Scott Smith could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 0.2 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
Scott Smith could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 0.3 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 Scott Smith could pay for it entirely for 0.5 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Scott Smith could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 1.9 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Scott Smith 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 0.0 years.
Gold
Everyday luxuries
Scott Smith's fortune is equivalent to 8 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.
Scott Smith could buy 2,102,928 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 0 trucks to transport them. Although Scott Smith will almost certainly have enough money left over to pay for the gas.
Biography
Scott Smith is one of three cofounders of Utah-based cloud computing company Qualtrics.
He cofounded the company in Provo, Utah in 2002 with his two sons, Ryan and Jared; Ryan is the CEO.
Three days before its scheduled IPO in January 2019, Qualtrics was acquired by German software firm SAP for $8 billion in cash.
Scott owned about 14% of the company at the time of the sale.
The company sold a second time in March 2023 to Silver Lake and CPP Investments at a $12.5 billion valuation.
Financial Assets
Financial assets information not available.
Monthly wealth history
Fortune comparison
Historical data not available for comparison