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#183

Wang Laisheng

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 Laisheng's fortune with the healthcare spending of a massive country

Wang Laisheng could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 7.2 years.

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

On the other end, Wang Laisheng could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 3.2 years.

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Education

Buying the future

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

Wang Laisheng could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 4.7 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 Laisheng could pay for it entirely for 6.4 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 Laisheng could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 26.9 years.

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

But even if we compare the total wealth of Wang Laisheng 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 Laisheng's fortune is equivalent to 110 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 Laisheng could buy 29,220,591 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 Laisheng will almost certainly have enough money left over to pay for the gas.

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Biography

Wang Laisheng is vice chairman of Shenzhen-headquartered electronics manufacturer Luxshare Precision Industry.

Luxshare, whose products include connectors and wireless headphones, is a supplier to Apple.

Wang started his own business in the mid-1980s, and later teamed up with sister Wang Laichun to buy Luxshare's precursor in 1999.

Wang Laichun, Luxshare's chairman, is also a billionaire.

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
Exchange
SHENZHEN
Ticker
301051-CN
Company
Shenzhen Xinhao Photoelectricity Technology

Monthly wealth history

Fortune comparison

Historical data not available for comparison

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