Sung Kyu-dong

Source of wealth: Semiconductors

68 years male Technology 🇰🇷 KR

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 Sung Kyu-dong's fortune with the healthcare spending of a massive country

Sung Kyu-dong 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, Sung Kyu-dong could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 0.2 years.

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Education

Buying the future

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

Sung Kyu-dong 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 Sung Kyu-dong could pay for it entirely for 0.5 years.

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Research

The monopoly on progress

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

Sung Kyu-dong 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 Sung Kyu-dong 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.

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

Sung Kyu-dong'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.

Sung Kyu-dong could buy 2,088,246 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 Sung Kyu-dong will almost certainly have enough money left over to pay for the gas.

Biography

Sung Kyu-dong is the founder and CEO of EO Technics, a manufacturer of laser-based equipment used in the production of memory chips in South Korea.

Its flagship product is the CSM, equipment that etches identification codes onto chips to provide traceability, allowing manufacturers to quickly isolate the source of any defects.

The company's other major product is LA, which uses a laser to finish the electrical pathways inside the chip, providing the targeted heat needed to make them functional.

Sung founded EO Technics in 1989 and listed it on the South Korea stock exchange in 2000.

Before starting EO Technics, Sung worked at Goldstar Central Research Center, Daewoo Heavy Industries and Korea Laser, which pioneered industrial laser technology in South Korea.