Wolfgang Leitner
Source of wealth: Engineering
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The scale of their wealth
Health
The price of life
Let's compare Wolfgang Leitner's fortune with the healthcare spending of a massive country
Wolfgang Leitner could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 1.7 years.
But even if we compare their fortune with that of a rich country
On the other end, Wolfgang Leitner could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 0.8 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
Wolfgang Leitner 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 Wolfgang Leitner could pay for it entirely for 1.5 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Wolfgang Leitner could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 6.4 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Wolfgang Leitner 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
Wolfgang Leitner's fortune is equivalent to 26 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.
Wolfgang Leitner could buy 6,953,645 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 Wolfgang Leitner will almost certainly have enough money left over to pay for the gas.
Biography
Wolfgang Leitner heads listed Austrian plant and equipment manufacturer Andritz; he said in July 2021 that he would step down as CEO become chairman of the board.
A chemist by training, Leitner joined Andritz in 1987, became CEO in 1994 and took a 26% stake in the company in 1999.
He eventually turned Andritz into one of Austria's largest companies.
In 2018, Andritz completed the biggest acquisition in its history, buying North Carolina based Xerium Technologies for $833 million.
Leitner's initial wealth stems from the sale of Pharmavit, part of pharmaceutical outfit Genericon he founded, for $110 million in 1995.
Financial Assets
Monthly wealth history
Fortune comparison
Historical data not available for comparison