Vadim Novinsky
Source of wealth: Steel
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The scale of their wealth
Health
The price of life
Let's compare Vadim Novinsky's fortune with the healthcare spending of a massive country
Vadim Novinsky 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, Vadim Novinsky 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
Vadim Novinsky 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 Vadim Novinsky 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
Vadim Novinsky 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 Vadim Novinsky 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
Vadim Novinsky'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.
Vadim Novinsky could buy 2,132,504 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 0 trucks to transport them. Although Vadim Novinsky will almost certainly have enough money left over to pay for the gas.
Biography
Vadim Novinsky owns Ukraine's Smart Holding Group, which has a 24% stake in Rinat Akhmetov's iron ore producer Metinvest.
Novinsky started working in Ukraine in the mid 1990s with Russian oil producer Lukoil, then began buying Ukrainian metallurgy companies.
The Russian native got his Ukrainian citizenship in 2012; he has been a member of parliament since 2013.
Long seen as one of Ukraine's most Putin-friendly billionaires, he tried to jump-start negotiations with Russia before the invasion.
He visited Mariupol with Akhmetov in February 2022 and briefly returned to Kyiv but apparently took off hours before the invasion; he is now suspected to be in Estonia.
Financial Assets
Monthly wealth history
Fortune comparison
Historical data not available for comparison