Portrait of Bent Jensen & Family

Rank #1650

Bent Jensen & Family

Net worth $2.6B

electric systems · Denmark

Born
Dec 15, 1951
Age
74
Source
electric systems
Residence
Nordborg
Citizenship
Denmark
Marital status
Children
0
Education
Bachelor of Arts/Science, University of Southern Denmark

Net worth over time

Biography

  • Bent Jensen is the owner and CEO of Linak, a $680 million (revenue) Danish company that manufactures and sells linear actuators.
  • Linear actuators are devices that convert power into linear motion and are used in industrial equipment, furniture and hospital beds.
  • Jensen's grandfather founded the company in 1907; it originally made pulleys, grinding mills and forges.
  • Jensen, who received a mechanical engineering degree, joined the firm in 1976 -- with an idea for a new product: the linear actuator.
  • Today the company has factories in Denmark, the U.S., China and Slovakia.
  • Jensen came up with the idea for linear actuators while talking with a friend from school, who had a disability, about ways to improve his wheelchair.