Vitali Machitski & family

Source of wealth: deversified

71 years male Diversified 🇷🇺 RU

Net Worth

...

Earnings per second

...

The scale of their wealth

🏥

Health

The price of life

Let's compare Vitali Machitski & family's fortune with the healthcare spending of a massive country

Vitali Machitski & family could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 0.7 years.

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

On the other end, Vitali Machitski & family could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 0.3 years.

📚

Education

Buying the future

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

Vitali Machitski & family could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 0.4 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 Vitali Machitski & family could pay for it entirely for 0.6 years.

🔬

Research

The monopoly on progress

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

Vitali Machitski & 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 2.4 years.

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

But even if we compare the total wealth of Vitali Machitski & 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 0.1 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

Vitali Machitski & family's fortune is equivalent to 10 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.

Vitali Machitski & family could buy 2,647,632 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 Vitali Machitski & family will almost certainly have enough money left over to pay for the gas.

Biography

Vitali Machitski traded timber and oil in 1990s and now controls publicly traded Vimetco, which has stakes in aluminum producers Alro in Europe and Zhongfu Industrial in China.

Machitski lost out to billionaires Mikhail Fridman and Viktor Vekselberg in the 1997 privatization auction of Tyumen Oil Company, one of the largest Russian oil companies.

In early 2000s he sold some refinery assets to Mikhail Khodorkovsky' Yukos and other buyers.

Machitski, a friend of Sergey Chemezov, the head of Rostec State Corporation, one of the largest weapon manufacturers in the world, controls companies that developed the Rostec-City business complex in Moscow.