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#186

Wang Liping & family

Source of wealth: Hydraulic machinery

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 Liping & family's fortune with the healthcare spending of a massive country

Wang Liping & family 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 Liping & family 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 Liping & family 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 Liping & family 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 Liping & 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 26.5 years.

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

But even if we compare the total wealth of Wang Liping & 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 0.6 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 Liping & family's fortune is equivalent to 108 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 Liping & family could buy 28,733,237 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 Liping & family will almost certainly have enough money left over to pay for the gas.

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Biography

Wang Liping is the chairman of Shanghai-listed Jiangsu Hengli Hydraulic, which makes oil cylinders, hydraulic valves and hydraulic castings.

Wang founded the company in 1990. Today it has seven research centers and 11 manufacturing sites in China, Germany, the U.S., Japan and Mexico.

Hengli's clients include Caterpillar, Sumitomo and China's Sany Heavy Industry.

Financial Assets

Exchange
SHANGHAI
Ticker
601100-CN
Company
Jiangsu Hengli Highpressure Oil Cylinder Co., Ltd.

Monthly wealth history

Fortune comparison

Historical data not available for comparison

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