Shin Chang-jae
Source of wealth: Insurance
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The scale of their wealth
Health
The price of life
Let's compare Shin Chang-jae's fortune with the healthcare spending of a massive country
Shin Chang-jae 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, Shin Chang-jae 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
Shin Chang-jae could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 0.4 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 Shin Chang-jae 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
Shin Chang-jae could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 2.0 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Shin Chang-jae 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
Shin Chang-jae'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.
Shin Chang-jae could buy 2,226,483 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 Shin Chang-jae will almost certainly have enough money left over to pay for the gas.
Biography
Shin Chang-Jae is the chairman and CEO of Kyobo Life Insurance, founded by his father in 1958 as Daehan Kyoyuk Insurance.
When Shin assumed the posts in 2000, Kyobo was reeling from investment portfolio losses in the aftermath of the Asian financial crisis.
He turned the company around, focusing on customer satisfaction and risk control.
With a network of agents and financial planners, the company now offers insurance and asset-management products to more than 5 million customers.
Financial Assets
Financial assets information not available.
Monthly wealth history
Fortune comparison
Historical data not available for comparison