#516

Wang Xing

Source of wealth: Food delivery

47 years male Technology 🇨🇳 CN

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

Wang Xing could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 3.3 years.

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

On the other end, Wang Xing could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 1.5 years.

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Education

Buying the future

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

Wang Xing could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 2.2 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 Xing could pay for it entirely for 2.9 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 Xing could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 12.4 years.

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

But even if we compare the total wealth of Wang Xing 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 0.3 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

Wang Xing's fortune is equivalent to 50 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.

Wang Xing could buy 13,442,963 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 2 trucks to transport them. Although Wang Xing will almost certainly have enough money left over to pay for the gas.

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Biography

Wang Xing is the chairman and CEO of Hong Kong-listed Meituan, which was created through a 2015 merger of Groupon-like group buying site Meituan and Yelp-like Dianping.com.

Wang cofounded China's first college social network xiaonei.com, which was sold to Oak Pacific Interactive in 2006.

After growing Meituan into a food-delivery heavyweight in mainland China, Wang is also expanding in locations including Hong Kong, Qatar and Saudi Arabia.

Wang in 2021 transferred shares at the time worth more than $2 billion to his foundation amid a China antitrust investigation.