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#2916

Wu Kaiting

Source of wealth: Electronics

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 Wu Kaiting's fortune with the healthcare spending of a massive country

Wu Kaiting 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, Wu Kaiting 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

Wu Kaiting 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 Wu Kaiting could pay for it entirely for 0.5 years.

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Research

The monopoly on progress

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

Wu Kaiting could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 2.2 years.

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

But even if we compare the total wealth of Wu Kaiting 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 0.0 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

Wu Kaiting's fortune is equivalent to 9 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.

Wu Kaiting could buy 2,366,176 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 Wu Kaiting will almost certainly have enough money left over to pay for the gas.

Biography

Wu Kaiting is the chairman of Xiamen Intretech Inc., a supplier of electronics products including remote controls for home entertainment equipment.

Intretech went public on the Shenzhen Stock Exchange on Jan. 15, 2018.

Wu owns a 55% stake in Intretech.

Wu is the son of Wanlida Group founder Wu Huitian, a member of the Forbes China Rich list in 2008; Wu died in 2012.

Financial Assets

Exchange
SHENZHEN
Ticker
002925-CN
Company
Xiamen Intretech
Exchange
SHENZHEN
Ticker
002925-CN
Company
Xiamen Intretech

Monthly wealth history

Fortune comparison

Historical data not available for comparison

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