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#305

Zeng Fangqin

Source of wealth: Smartphone components

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 Zeng Fangqin's fortune with the healthcare spending of a massive country

Zeng Fangqin could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 4.9 years.

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

On the other end, Zeng Fangqin could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 2.1 years.

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Education

Buying the future

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

Zeng Fangqin could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 3.2 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 Zeng Fangqin could pay for it entirely for 4.3 years.

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Research

The monopoly on progress

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

Zeng Fangqin could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 18.2 years.

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

But even if we compare the total wealth of Zeng Fangqin 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 0.4 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

Zeng Fangqin's fortune is equivalent to 74 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.

Zeng Fangqin could buy 19,734,884 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 4 trucks to transport them. Although Zeng Fangqin will almost certainly have enough money left over to pay for the gas.

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Biography

Zeng Fangqin is the chairman of Lingyi iTech (Guangdong), a parts supplier for smartphones, tablets and laptop computers.

Its products are used by Apple and Huawei.

Zeng returned to China after starting her career in Silicon Valley.

In 2018, Zeng completed a backdoor listing of Lingyi iTech on the Shenzhen Stock Exchange for around $3.2 billion.

Financial Assets

Exchange
SHENZHEN
Ticker
002600-CN
Company
JPMF Guangdong Co., Ltd.
Exchange
SHENZHEN
Ticker
002600-CN
Company
JPMF Guangdong Co., Ltd.

Monthly wealth history

Fortune comparison

Historical data not available for comparison

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