Vladimir Fartushnyak
Source of wealth: retail
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The scale of their wealth
Health
The price of life
Let's compare Vladimir Fartushnyak's fortune with the healthcare spending of a massive country
Vladimir Fartushnyak 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, Vladimir Fartushnyak 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
Vladimir Fartushnyak 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 Vladimir Fartushnyak 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
Vladimir Fartushnyak could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 2.5 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Vladimir Fartushnyak 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.
Gold
Everyday luxuries
Vladimir Fartushnyak'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.
Vladimir Fartushnyak could buy 2,762,120 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 Vladimir Fartushnyak will almost certainly have enough money left over to pay for the gas.
Biography
Vladimir Fartushnyak, his brother Nikolay and Alexander Mikhalskiy are cofounders of Russia's largest sports and fashion retailer Sportmaster.
The three also cofounded Ostin, a large Russian fast-fashion retailer.
Vladimir Fartushyak himself wholly owns Zolla, another fast-fashion chain in Russia.
He and his partners got their start with a distribution company in the early 1990s, which supplied French consumer goods to the Russian market.
Financial Assets
Financial assets information not available.
Monthly wealth history
Fortune comparison
Historical data not available for comparison