Wei Ing-Chou

Source of wealth: Food, beverages

72 years male Food & Beverage 🇹🇼 TW

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 Wei Ing-Chou's fortune with the healthcare spending of a massive country

Wei Ing-Chou could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 1.0 years.

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

On the other end, Wei Ing-Chou could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 0.5 years.

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Education

Buying the future

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

Wei Ing-Chou could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 0.7 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 Wei Ing-Chou could pay for it entirely for 0.9 years.

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Research

The monopoly on progress

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

Wei Ing-Chou could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 3.9 years.

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

But even if we compare the total wealth of Wei Ing-Chou 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 0.1 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

Wei Ing-Chou's fortune is equivalent to 16 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.

Wei Ing-Chou could buy 4,183,464 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 1 trucks to transport them. Although Wei Ing-Chou will almost certainly have enough money left over to pay for the gas.

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Biography

Wei Ing-Chou and his three younger brothers, Ying-Chiao, Yin-Chun and Yin-Heng, started Tingyi in 1991.

Tingyi is now one of the largest producers of ready-to-drink tea and bottled water in China. It is also a major supplier to the country's instant-noodle market.

As of 2019, Ing-Chou is no longer a director of Tingyi (Cayman Islands) Holding, but he remains a senior consultant to the company.

His eldest son, Wei Hong-Ming, born in 1978, is now the chairman. His third son, Wei Hong-Chen, born in 1982, is an executive director.

The family's private company, Ting Hsin, sold its 37.17% stake in Taipei 101, Taiwan's tallest building, to Itochu for $665 million in 2018.