#559

Tse Ping & family

Source of wealth: Pharmaceuticals

74 years male Healthcare 🇨🇳 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 Tse Ping & family's fortune with the healthcare spending of a massive country

Tse Ping & family could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 3.1 years.

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

On the other end, Tse Ping & family could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 1.4 years.

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Education

Buying the future

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

Tse Ping & family could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 2.0 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 Tse Ping & family could pay for it entirely for 2.8 years.

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Research

The monopoly on progress

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

Tse Ping & 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 11.7 years.

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

But even if we compare the total wealth of Tse Ping & 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 0.3 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

Tse Ping & family's fortune is equivalent to 48 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.

Tse Ping & family could buy 12,729,699 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 Tse Ping & family will almost certainly have enough money left over to pay for the gas.

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Biography

Tse Ping is a member of the billionaire Chearavanont clan from Thailand and the guiding hand behind Hong Kong-listed Sino Biopharmaceutical.

He stepped down as chairman of Sino Biopharmaceutical in 2015 and ceded the role to his daughter Theresa, while staying on as senior vice chairman.

Ping's son Eric rose to CEO in 2022 and is the company's largest individual shareholder.

Trapped in China during the turbulent Mao-era Cultural Revolution, Tse was shipped off to the countryside from the southern city of Shantou and lost the opportunity to attend college.