Thomas Frist Jr & family
Source of wealth: Hospitals
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Biography
Thomas Frist Jr., a former Air Force flight surgeon, founded Hospital Corp. of America with his father in 1968.
He took it public for the third time in 2011 after two management buyouts and owns over 25% of the company with his family.
HCA Healthcare owns and operates 190 hospitals and around 2,400 sites of care in 20 U.S. states and the U.K.
Frist Jr. doesn't have an executive position at HCA, but his sons, Thomas Frist III and William Frist, are board members.
Perspective on their fortune
Gold
Everyday luxury
A Thomas Frist Jr & family's fortune is equivalent to 233 of gold, but this may be difficult to value, as we don't usually have a handful of gold bars in our piggy bank.
A standard gold ring typically weighs between 4 and 7 grams. Let's say this one weighs 5 grams. It's usually 18k gold.
Based on today's gold price (not taking into account the jeweler's fee, shipping, or anything else), that gold ring would be worth $556.3
Thomas Frist Jr & family could buy 62,141,837 gold rings. That's a lot of fingers and a lot of gifts!!
And if the number of rings is difficult to visualize, all these rings would need 11 trucks to transport them, But we can be almost certain that Thomas Frist Jr & family will have enough left over to pay for the gas for those trucks.
Health
The price of life
Let's compare Thomas Frist Jr & family's fortune with the healthcare spending of a huge country
Thomas Frist Jr & family could fund the entire healthcare system of DR Congo with a population of over 105,800,000 of inhabitants for approximately 15.6 years.
But even if we compare their fortune to that of a rich country
At the other extreme, Thomas Frist Jr & family could cover the health expenditure of Luxembourg, considered the world's most heavily invested health system, for 6.9 years
Education
Buying the future
Lowest education spending
Thomas Frist Jr & family could assume the entire cost of the education system of Nigeria, the most populous country in Africa, with more than 243,000,000 inhabitants for 10.2 years.
Highest education spending
But not only could he assume the cost of a poor country, Luxembourg is considered the country with the highest per capita investment in education in the world, Thomas Frist Jr & family could pay for it in full for 13.8 years.
Research
The monopoly of progress
Lowest research spending
Thomas Frist Jr & family could fully fund the state research budget of Pakistan, the fifth most populous country in the world with more than 260,000,000 of inhabitants, for 58.2 years.
Highest research spending
But even if we compare the total wealth of Thomas Frist Jr & family with Israel, the country that currently invests the most per capita in research in the world, it could assume the total cost of the system for 1.3 years.
Financial Assets
Monthly wealth history
Fortune comparison
Historical data not available for comparison