Wei Ying-Chiao

Source of wealth: Food, beverages

71 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 Ying-Chiao's fortune with the healthcare spending of a massive country

Wei Ying-Chiao 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 Ying-Chiao 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 Ying-Chiao 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 Ying-Chiao 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 Ying-Chiao 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 Ying-Chiao 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 Ying-Chiao'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 Ying-Chiao 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 Ying-Chiao will almost certainly have enough money left over to pay for the gas.

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Biography

Wei Ying-Chiao and his three brothers, Ing-Chou, 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.

The family also controls the Dicos fried-chicken chain.

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.