Portrait of Fredrik Lundberg

Rank #363

Fredrik Lundberg

Net worth $9.5B

Real estate, investments · Sweden

Born
Aug 05, 1951
Age
74
Source
Real estate, investments
Residence
Stockholm
Citizenship
Sweden
Marital status
Married
Children
2
Education
Bachelor of Arts/Science, Stockholm School of Economics

Net worth over time

Biography

  • Fredrik Lundberg is CEO and chairman of L.E. Lundbergforetagen AB, founded by his father Lars in 1944 as a construction outfit.
  • Fredrik took over management of the firm in 1981.
  • Today it's a diversified holding company with investments in property management and other businesses.
  • Daughters Louise and Katarina, also billionaires, both sit on the board and each own a 15% stake in the group.
  • Through his holdings, Lundberg has a strong say in a dozen of Sweden's largest firms, including construction company Skanska, pulp and paper companies Holmen, as well as truck-maker Volvo.
  • Lundberg moved his family to Switzerland in 1985 to avoid punitive taxes but later returned to Sweden.
  • Lundberg was once a junior curling world champion.

Financial assets

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