Shi Yonghong & family

Source of wealth: Restaurants

57 years male Food & Beverage 🇨🇳 CN

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 Shi Yonghong & family's fortune with the healthcare spending of a massive country

Shi Yonghong & family could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 1.0 years.

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

On the other end, Shi Yonghong & family could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 0.5 years.

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Education

Buying the future

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

Shi Yonghong & family could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 0.7 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 Shi Yonghong & family could pay for it entirely for 0.9 years.

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Research

The monopoly on progress

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

Shi Yonghong & 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 3.9 years.

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

But even if we compare the total wealth of Shi Yonghong & 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.

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

Shi Yonghong & family's fortune is equivalent to 16 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.

Shi Yonghong & family could buy 4,213,905 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 Shi Yonghong & family will almost certainly have enough money left over to pay for the gas.

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Biography

Shi Yonghong cofounded Sichuan hot pot chain Haidilao in 1994 with Zhang Yong, also a billionaire, and two friends who became their wives.

The company, which had about $4.4 billion in sales from almost 1,300 locations in 2020, went public in Hong Kong in September 2018.

Known for offering special services such as free manicures for waiting customers, Haidilao has expanded to the U.S., Japan, South Korea and Singapore.

Shi, who owns his stake in Haidilao with wife Li Haiyan, has a stake in Yihai International, hot pot condiment maker that was spun off from Haidilao.

Shi sits on the board of both companies.