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#92

Wang Weixiu & family

Source of wealth: 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 Weixiu & family's fortune with the healthcare spending of a massive country

Wang Weixiu & family could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 11.9 years.

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

On the other end, Wang Weixiu & family could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 5.3 years.

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Education

Buying the future

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

Wang Weixiu & family could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 7.8 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 Weixiu & family could pay for it entirely for 10.6 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 Weixiu & 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 44.6 years.

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

But even if we compare the total wealth of Wang Weixiu & 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 1.0 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 Weixiu & family's fortune is equivalent to 182 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 Weixiu & family could buy 48,412,408 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 9 trucks to transport them. Although Wang Weixiu & family will almost certainly have enough money left over to pay for the gas.

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Biography

Wang Weixiu's fortune derives from his stake in Zhongji Innolight, a supplier of optical communication modules and devices.

Zhongji Innolight was founded in 1987 and formerly known as Shandong Zhongji Electrical Equipment.

He stepped down as its chairman in 2023.

His son Wang Xiaodong serves as the company's director and executive vice president.

Financial Assets

Exchange
SHENZHEN
Ticker
300308-CN
Company
Shandong Zhongji Electrical Equipment Co., Ltd. Shandong Zhongji Electrical Equipment Co., Ltd.
Exchange
SHENZHEN
Ticker
300308-CN
Company
Shandong Zhongji Electrical Equipment Co., Ltd. Shandong Zhongji Electrical Equipment Co., Ltd.

Monthly wealth history

Fortune comparison

Historical data not available for comparison

Modules

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