Wilhelm Beier & family
Source of wealth: Pharmaceuticals
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The scale of their wealth
Health
The price of life
Let's compare Wilhelm Beier & family's fortune with the healthcare spending of a massive country
Wilhelm Beier & family could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 1.6 years.
But even if we compare their fortune with that of a rich country
On the other end, Wilhelm Beier & family could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 0.7 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
Wilhelm Beier & family could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 1.1 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 Wilhelm Beier & family could pay for it entirely for 1.4 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Wilhelm Beier & 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 6.1 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Wilhelm Beier & 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 0.1 years.
Gold
Everyday luxuries
Wilhelm Beier & family's fortune is equivalent to 25 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.
Wilhelm Beier & family could buy 6,584,137 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 Wilhelm Beier & family will almost certainly have enough money left over to pay for the gas.
Biography
Wilhelm Beier is the chairman of the supervisory board of Dermapharm, a pharmaceutical company he founded in 1991.
Dermapharm, based in Gruenwald near Munich, manufacturers generic drugs for maladies ranging from insect bites to fungal diseases and osteoporosis.
Nearly half of its revenues come from the so-called "parallel trade'': arbitraging price differences for drugs between countries.
Dermapharm, which went public in 2018, is expanding into the business of medical marijuana. Beier and his family still own more than 70% of the company.
The company holds over 40% of one Germany's most popular home shopping television channels.
Financial Assets
Monthly wealth history
Fortune comparison
Historical data not available for comparison