Portrait of Ilkka Herlin

Rank #2056

Ilkka Herlin

Net worth $2.0B

Elevators, escalators · Finland

Born
Jan 01, 1959
Age
67
Source
Elevators, escalators
Residence
Helsinki
Citizenship
Finland
Marital status
Married
Children
4
Education

Net worth over time

Biography

  • Ilkka Herlin is the great-grandson of famed Finnish business leader Harald Herlin, who invested in Kone Elevators in 1924.
  • After his father's death in 2003, Ilkka and his siblings discovered the will had been rewritten leaving most of the ownership in Kone to their brother Antti.
  • Angered that they had never been informed, the siblings battled for control. The dispute ended in 2005, with Kone being split in two.
  • Antti maintained control over the elevator business while his siblings were given stakes in Cargotec, producer of machinery for heavy duty ship cargo.
  • Niklas, one of the sibling, passed away in 2017. Three of the siblings are billionaires.
  • Ilkka Herling has a PhD in History from the University of Helsingfors.
  • He is one of the founders of Baltic Sea Action Group, a trust for the conservation of the Baltic Sea, and is involved in a carbon capture technology project.

Financial assets

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