Seo Jung-jin
Source of wealth: Biotech
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The scale of their wealth
Health
The price of life
Let's compare Seo Jung-jin's fortune with the healthcare spending of a massive country
Seo Jung-jin could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 3.2 years.
But even if we compare their fortune with that of a rich country
On the other end, Seo Jung-jin could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 1.4 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
Seo Jung-jin could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 2.1 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 Seo Jung-jin could pay for it entirely for 2.9 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Seo Jung-jin could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 12.1 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Seo Jung-jin 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 0.3 years.
Gold
Everyday luxuries
Seo Jung-jin's fortune is equivalent to 49 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.
Seo Jung-jin could buy 13,162,923 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 Seo Jung-jin will almost certainly have enough money left over to pay for the gas.
Biography
Seo Jung-jin is cofounder of Celltrion, a biopharmaceutical firm that makes drugs to treat cancer, influenza and rheumatoid arthritis, among others.
With the success of biosimilars in South Korea, his Celltrion has become a favorite among investors.
In 2023, Seo returned as chairman of his Celltrion group, two years after stepping down from the role, and pledged to make major acquisitions.
Seo's eldest son Jin-seok is cochairman of Celltrion Inc.
Seo started Celltrion Inc. in 2002 and took it public in 2008.
Financial Assets
Monthly wealth history
Fortune comparison
Historical data not available for comparison