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#2733

Weng Xianding

Source of wealth: Medical devices

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 Weng Xianding's fortune with the healthcare spending of a massive country

Weng Xianding could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 0.6 years.

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

On the other end, Weng Xianding could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 0.3 years.

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Education

Buying the future

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

Weng Xianding could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 0.4 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 Weng Xianding could pay for it entirely for 0.6 years.

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Research

The monopoly on progress

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

Weng Xianding could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 2.4 years.

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

But even if we compare the total wealth of Weng Xianding 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

Gold bar

Weng Xianding's fortune is equivalent to 10 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.

Weng Xianding could buy 2,598,752 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 0 trucks to transport them. Although Weng Xianding will almost certainly have enough money left over to pay for the gas.

Biography

Weng is the majority shareholder of Shenzhen New Industries Biomedical Engineering, a supplier of clinical instruments.

Weng was the first person to be appointed as representative of China's securities watchdog in the city of Shenzhen back in 1992.

The company was founded in 1995 and is based in the southern Chinese city of Shenzhen.

Financial Assets

Exchange
SHENZHEN
Ticker
300832-CN
Company
Shenzhen New Industries Biomedical Engineering
Exchange
SHENZHEN
Ticker
300832-CN
Company
Shenzhen New Industries Biomedical Engineering

Monthly wealth history

Fortune comparison

Historical data not available for comparison

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