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Wang Laichun
#188

Wang Laichun

Source of wealth: Electronics components

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 Wang Laichun's fortune with the healthcare spending of a massive country

Wang Laichun could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 7.1 years.

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

On the other end, Wang Laichun could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 3.1 years.

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Education

Buying the future

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

Wang Laichun could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 4.6 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 Wang Laichun could pay for it entirely for 6.3 years.

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Research

The monopoly on progress

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

Wang Laichun could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 26.4 years.

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

But even if we compare the total wealth of Wang Laichun 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 0.6 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

Gold bar

Wang Laichun's fortune is equivalent to 107 tons of gold. It's hard to process, since we don't usually keep a handful of gold bars in our piggy banks.

Gold rings

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.

Wang Laichun could buy 28,646,400 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 5 trucks to transport them. Although Wang Laichun will almost certainly have enough money left over to pay for the gas.

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Biography

Wang Laichun, also known as Grace Wang, is the chairman and CEO of electronics component manufacturer Luxshare Precision Industry.

One of the company's most important customers is Apple. CEO Tim Cook has visited its China factories often.

Wang worked for Taiwanese billionaire Terry Gou's Hon Hai Precision Industry (also known as Foxconn) for 10 years.

Wang left in 1997 and teamed up with her brother Wang Laisheng to set up Luxshare in 2004; he is now the vice chairman.

Wang holds an EMBA from Tsinghua University in Beijing.

Financial Assets

Exchange
SHENZHEN
Ticker
002475-CN
Company
Shenzhen Luxshare Precision Industry Co Ltd
Exchange
SHENZHEN
Ticker
002475-CN
Company
Shenzhen Luxshare Precision Industry Co Ltd

Monthly wealth history

Fortune comparison

Historical data not available for comparison

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