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#2110

William Teh Lee Pang

Source of wealth: Banking

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 William Teh Lee Pang's fortune with the healthcare spending of a massive country

William Teh Lee Pang could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 0.9 years.

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

On the other end, William Teh Lee Pang could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 0.4 years.

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Education

Buying the future

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

William Teh Lee Pang could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 0.6 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 William Teh Lee Pang could pay for it entirely for 0.8 years.

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Research

The monopoly on progress

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

William Teh Lee Pang could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 3.3 years.

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

But even if we compare the total wealth of William Teh Lee Pang 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

William Teh Lee Pang's fortune is equivalent to 14 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.

William Teh Lee Pang could buy 3,606,419 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 William Teh Lee Pang will almost certainly have enough money left over to pay for the gas.

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Biography

William Teh Lee Pang is the son of late banker Teh Hong Piow, who founded Malaysian banking behemoth Public Bank and chaired it for several decades.

Teh Hong Piow founded the bank in 1966. He died in December 2022 at age 92.

n addition to Malaysia, the bank serves millions of customers across Cambodia, China, Hong Kong, Sri Lanka and Vietnam.

The late Teh owned a substantial minority stake in the bank as well as in the listed insurance business, LPI Capital.

Financial Assets

Exchange
MALAYSIA
Ticker
8621-MY
Company
LPI Capital Bhd
Exchange
MALAYSIA
Ticker
1295-MY
Company
Public Bank Bhd

Monthly wealth history

Fortune comparison

Historical data not available for comparison

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