A cement truck driver from California, Jordan White, is the world’s most valuable commodity, according to a new study.
The cement billionaire, whose company produces the world-leading cement-based plastic material for building construction, has an estimated value of $50 billion, the Los Angeles Times reported.
White cement has a market value of nearly $6.5 billion.
He also has the world record for the most cement made with one truck, according the study published Wednesday in the journal Applied and Environmental Materials.
In addition to cement, White’s company is known for its white-sand cement, used in a range of industries, including oil and gas, power generation and cement production.
The research, which looked at cement production in the United States and the United Kingdom, found that White cement is also used in the manufacture of plastics.
White is currently the owner of the largest cement company in the country, which is based in San Francisco.
In January, he bought a 6.6-acre (2.5-hectare) tract of land in the San Francisco Bay Area.
“I am very happy to have my investment back,” White said in a statement.
“This has been a tremendous opportunity for us.
The land is perfect for us to grow and to create jobs in the future.”
White cement was the world leader in cement production until the start of the Industrial Revolution in the late 19th century, when it became the mainstay of cement production, and its production declined as more countries began to switch to more renewable energy.
White was not the first person to invest in cement, according for the study.
But in 2016, he surpassed the previous record holder, Brazilian cement magnate Paulo Alves de Alves, who built his cement factory in Brazil.
The Alves brothers started cement making in the early 1900s, after spending time in Brazil’s textile factories, according To The Times.
White’s cement factory is still being built in the southern California city of San Francisco, where he lives.
The company plans to open a new cement factory by the end of 2019 in Mexico.