Stephen Mandel Jr
Source of wealth: Hedge funds
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The scale of their wealth
Health
The price of life
Let's compare Stephen Mandel Jr's fortune with the healthcare spending of a massive country
Stephen Mandel Jr could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 2.2 years.
But even if we compare their fortune with that of a rich country
On the other end, Stephen Mandel Jr could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 1.0 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
Stephen Mandel Jr could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 1.5 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 Stephen Mandel Jr could pay for it entirely for 2.0 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Stephen Mandel Jr could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 8.4 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Stephen Mandel Jr 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 0.2 years.
Gold
Everyday luxuries
Stephen Mandel Jr's fortune is equivalent to 34 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.
Stephen Mandel Jr could buy 9,075,504 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 Stephen Mandel Jr will almost certainly have enough money left over to pay for the gas.
Biography
One of Julian Robertson's "Tiger Cubs," Stephen Mandel started his hedge fund firm, Lone Pine Capital, in 1997.
Mandel stepped back from managing investments for Lone Pine Capital in January 2019 but remains a managing director.
Mandel built up a reputation as one of the hedge fund industry's best when it comes to fundamental analysis and bottom-up stock picking.
Mandel has poured hundreds of millions into his Zoom Foundation. The hedge fund also has its Lone Pine Foundation.
He is a big donor to charter schools and sits on the national board of directors of Teach for America.
Financial Assets
Financial assets information not available.
Monthly wealth history
Fortune comparison
Historical data not available for comparison