Walter Kortschak
Source of wealth: Venture capital
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The scale of their wealth
Health
The price of life
Let's compare Walter Kortschak's fortune with the healthcare spending of a massive country
Walter Kortschak could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 0.8 years.
But even if we compare their fortune with that of a rich country
On the other end, Walter Kortschak could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 0.4 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
Walter Kortschak could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 0.5 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 Walter Kortschak could pay for it entirely for 0.7 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Walter Kortschak could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 3.0 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Walter Kortschak 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
Walter Kortschak's fortune is equivalent to 12 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.
Walter Kortschak could buy 3,287,333 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 1 trucks to transport them. Although Walter Kortschak will almost certainly have enough money left over to pay for the gas.
Biography
Walter Kortschak is an investor who joined growth equity firm Summit Partners in 1989. He spent 26 years there as an active partner.
At Summit, some of his biggest tech bets and buyouts were E-Tek Dynamics (a 40x return) and networking company Xylan (127x).
Kortschak now invests solo, with early bets on such outfits as The Trade Desk and Robinhood.
At first, Kortschak wanted to be a software engineer, but got into venture investing after business school at UCLA.
He also owns 2,800 acres in Kauai, Hawaii, including a ranch where Jurassic Park was filmed.
Financial Assets
Financial assets information not available.
Monthly wealth history
Fortune comparison
Historical data not available for comparison