Top 20 Millionaires In Sweden

Sweden has long been a powerhouse of industrial innovation and technological advancement, fostering a unique environment where family dynasties and tech disruptors coexist. From the global dominance of retail giants like H&M to the digital revolution led by Spotify and Databricks, these individuals represent the peak of Scandinavian business success and wealth management. This comprehensive report explores the most prominent and influential figures in the Swedish economy as of late 2025.

Stefan Persson

Former Chairman of H&M (Hennes & Mauritz)

Stefan Persson remains the most recognisable name in the Swedish retail landscape, serving as the primary architect of H&M’s global expansion for several decades. Although he stepped down as chairman in 2020 to make way for his son, Karl-Johan, his influence remains absolute as the company’s largest shareholder. By late 2025, his net worth is estimated to be approximately $18.6 billion, a figure supported not only by his retail holdings but also through his extensive real estate portfolio via Ramsbury Property. This firm owns significant prime commercial assets in major cities such as London, Paris, and Stockholm, providing a stable foundation of wealth that is less susceptible to the volatility of the fast-fashion market.

Persson’s leadership at H&M was characterised by the democratisation of fashion, making trendy apparel accessible to the masses. This vision transformed a small Swedish shop into a global empire with thousands of stores across every continent. In recent years, the family has pivoted towards sustainability, investing heavily in textile recycling technology and green logistics to ensure the brand remains relevant in a more eco-conscious era. Beyond business, Stefan is known for his private nature and his commitment to the family foundation, which supports education and social projects worldwide. His legacy is one of consistent growth and an uncanny ability to navigate the complexities of international trade.

Antonia Ax:son Johnson & Family

Owner of Axel Johnson AB

Antonia Ax:son Johnson represents the fourth generation of one of Sweden’s most respected business dynasties. As the former chairwoman and current owner of the Axel Johnson Group, she oversees a diversified conglomerate with interests in food retail, telecommunications, and industrial services. Her net worth in late 2025 is estimated at $13.8 billion, reflecting the steady performance of the group’s core holdings, such as the Axfood supermarket chain. Under her stewardship, the family business has prioritised long-term stability over short-term gains, a strategy that has allowed the group to weather numerous economic downturns.

Antonia is widely regarded as a pioneer for women in European business, having taken the helm of the group in 1982. She has been a vocal advocate for corporate social responsibility and environmental sustainability long before they became mainstream corporate buzzwords. Her daughter, Caroline Berg, now serves as the chairwoman, ensuring that the fifth generation is firmly in control. The family’s wealth is deeply integrated into the fabric of Swedish daily life, from the groceries people buy to the technology they use in their homes. Her approach to “family-first” capitalism has become a blueprint for other Swedish industrial families seeking to balance profit with social contribution.

Martin Lorentzon

Co-founder of Spotify

Martin Lorentzon is the co-founder and former chairman of Spotify, the Swedish streaming giant that fundamentally changed how the world consumes music. While often less public-facing than his partner Daniel Ek, Lorentzon’s business acumen was vital in the company’s early years. His wealth, currently sitting at around $11.4 billion, is a direct result of Spotify’s continued dominance in the audio market and its successful expansion into podcasts and audiobooks. Lorentzon was already a successful entrepreneur before Spotify, having co-founded TradeDoubler, a digital marketing firm that provided the initial capital and experience needed to launch the music platform.

Lorentzon remains one of Spotify’s largest individual shareholders and continues to serve on its board. In 2025, his focus has shifted toward supporting new startups through his investment vehicles, particularly in the fields of artificial intelligence and digital infrastructure. He is known for his pragmatic approach to technology and his ability to scale businesses across borders. Despite his immense wealth, Lorentzon maintains a relatively low profile in Stockholm, often focusing on his passions for sports and philanthropy. His story is a prime example of the Swedish “unicorn” phenomenon, where innovative digital ideas are transformed into world-leading enterprises.

Finn Rausing

Co-owner of Tetra Laval

Finn Rausing is a member of the third generation of the Rausing family, whose fortune was built on the global dominance of Tetra Pak, the revolutionary liquid food packaging company. As a co-owner of the Tetra Laval Group, Finn’s net worth is approximately $10.7 billion. The company’s products, ranging from milk cartons to advanced processing equipment, are essential components of the global food supply chain. Finn is known for his role on the board of the group, where he helps oversee the strategic direction of a firm that operates in nearly every country on the planet.

The Rausing family is famous for its extreme privacy, particularly following a high-profile security incident in the 1980s. Finn is based primarily in the United Kingdom, like many members of his family, but he remains deeply connected to the Swedish industrial tradition. In 2025, Tetra Laval continued to innovate in sustainable packaging, investing billions into paper-based alternatives to plastic. Finn’s wealth is a testament to the enduring power of a single, brilliant invention that solves a fundamental logistical problem. His influence is felt in every grocery aisle in the world, even if his name is rarely mentioned in the headlines.

Jorn Rausing

Co-owner of Tetra Laval

Jorn Rausing is the brother of Finn and Kirsten and shares a similar net worth of $10.7 billion. He is considered the most business-focused of the siblings, with a reputation as a shrewd investor outside of the family’s core packaging business. Notably, Jorn was an early investor in Ocado, the British online grocery retailer, a move that proved to be incredibly lucrative. His seat on the board of Tetra Laval allows him to influence the world’s most successful packaging company while he simultaneously manages a vast portfolio of private investments.

Jorn’s approach to wealth management is characterised by a global perspective and a keen interest in technological disruption within the retail and logistics sectors. By late 2025, his investments in green energy and automated delivery systems have further diversified his holdings. He remains a quintessential “hidden” billionaire, preferring the boardroom to the spotlight. The Rausing family’s ability to maintain their wealth through three generations is a significant achievement in the world of global finance, and Jorn’s strategic mind has been a key factor in that longevity.

6. Kirsten Rausing

Co-owner of Tetra Laval

Kirsten Rausing completes the trio of siblings at the head of the Tetra Laval empire, with a net worth of $10.7 billion. While she is deeply involved in the family business as a board member, she is perhaps best known internationally for her immense success in the world of horse racing and breeding. Her Lanwades Stud in England is one of the most successful independent operations in the industry, having produced numerous champions. This passion for bloodstock is not merely a hobby but a highly sophisticated business that mirrors the precision and long-term thinking of the family’s industrial roots.

In 2025, Kirsten remains one of the most powerful women in the United Kingdom and Sweden. Her wealth is a pillar of the Tetra Laval Group, which continues to dominate the food processing and packaging markets. She is also known for her significant philanthropic contributions, particularly in the fields of animal welfare, medical research, and environmental conservation. Kirsten represents the multifaceted nature of Swedish wealth, where industrial success provides the platform for excellence in entirely different fields. Her dedication to her stud farm and the family business shows a work ethic that is common among Sweden’s most successful dynasties.

7. Carl Bennet

Chairman of Carl Bennet AB

Carl Bennet is a central figure in the Swedish industrial landscape, known for his long-term ownership of companies in the medical technology and logistics sectors. Through his holding company, Carl Bennet AB, he is the principal owner of Getinge, Lifco, and Elanders. His net worth in 2025 is estimated at $10.6 billion. Bennet’s investment philosophy is distinct; he focuses on acquiring high-quality companies and holding them for decades, prioritising research, development, and organic growth over quick financial returns.

Bennet is a strong advocate for the “Swedish model” of corporate governance, which emphasises cooperation between owners, management, and employees. His company, Getinge, is a global leader in products for operating rooms and intensive care units, and its performance has been a major driver of his wealth. In 2025, Bennet continued to support academic research in Sweden, believing that a strong link between industry and universities is essential for the country’s future competitiveness. He is highly respected in Stockholm’s financial circles as a “gentleman industrialist” who values ethics and sustainability as much as profitability.

8. Daniel Ek

Founder and CEO of Spotify

Daniel Ek is the visionary leader who serves as the face of modern Swedish innovation. As the co-founder and CEO of Spotify, Ek’s net worth grew to approximately $8.7 billion by late 2025. His journey from a teenage coder in a Stockholm suburb to a global tech mogul is the stuff of legend. Ek’s focus on the “platform economy” and his relentless pursuit of the best user experience have kept Spotify ahead of competitors like Apple and Amazon. In recent years, he has successfully transitioned the company into a “one-stop shop” for all things audio.

Beyond Spotify, Ek has become one of Europe’s most important venture capitalists. Through his investment firm, Prima Materia, he has pledged one billion euros to fund “moonshot” projects in Europe, focusing on sectors like healthcare, climate technology, and deep tech. He is a vocal critic of the European regulatory environment, arguing for more support for homegrown tech giants. In 2025, Ek remains a pivotal figure in the global conversation about artificial intelligence and its role in the creative industries. His wealth is not just a personal achievement but a fuel for the next generation of European innovators.

9. Fredrik Lundberg

Chairman of Lundbergföretagen

Fredrik Lundberg is often described as the most conservative and disciplined investor in Sweden. He leads Lundbergföretagen, an investment company founded by his father that focuses on real estate and core industrial holdings. His net worth in 2025 is estimated at $8 billion. Lundberg’s strategy is built on the principles of low debt, high-quality assets, and extreme patience. His portfolio includes significant stakes in major Swedish firms like Holmen, Hufvudstaden, and Industrivärden, making him one of the most powerful men on the Stockholm Stock Exchange.

Lundberg is known for his hands-on approach to his investments, often taking a direct role in the governance of the companies he owns. In 2025, his real estate interests in Stockholm and Gothenburg continue to provide a steady stream of income, while his industrial holdings benefit from the global demand for sustainable forestry products and high-grade steel. Despite his massive influence, Lundberg leads a relatively modest lifestyle and is a competitive bridge player. He represents the traditional “old money” of Sweden, where wealth is built slowly and preserved through careful management and a deep understanding of the domestic market.

10. Frederik Paulsen

Chairman of Ferring Pharmaceuticals

Frederik Paulsen is the man behind Ferring Pharmaceuticals, a global leader in reproductive health and gastroenterology. His net worth is approximately $6.9 billion. Paulsen took over the company from his father and moved its headquarters to Switzerland, though he remains a Swedish citizen and a major figure in the Swedish business community. Ferring’s success is built on a niche focus on peptide-based drugs, and the company has seen significant growth in 2024 and 2025 as it expands its offerings in the United States and China.

Paulsen is also famous for his extraordinary passion for polar exploration and environmental science. He has funded numerous expeditions to the Arctic and Antarctic and is a major supporter of the Swiss Polar Institute. This interest in the frontiers of the world is reflected in his business approach, which often involves taking risks on innovative medical treatments. In 2025, his philanthropic work focused on the impact of climate change on the world’s oceans. Paulsen’s wealth allows him to combine a highly successful pharmaceutical career with a life of adventure and scientific discovery, making him one of the most unique individuals on this list.

11. Carl Douglas

Board Member of Latour and Securitas

Carl Douglas is a member of one of Sweden’s most influential investment families. Along with his brother Eric, he controls Investment AB Latour, which has significant stakes in world-leading companies like Assa Abloy, Securitas, and Tomra. His net worth in 2025 is estimated at $7.2 billion. The Douglas family is known for its “active ownership” style, where they take long-term positions in companies and help guide their international expansion. Carl serves on several boards and is deeply involved in the strategic decisions of the family’s many holdings.

The family is also one of the largest landowners in Sweden, with vast estates that include forestry and agricultural operations. This combination of high-tech industrial investment and traditional land ownership provides a unique stability to their wealth. In 2025, Carl has been particularly focused on the growth of Assa Abloy as the world moves toward digital locking solutions. He is a quiet but powerful force in the Swedish economy, representing a family that has successfully transitioned from traditional aristocracy to modern industrial titans. His wealth is a reflection of the steady compounding of value over several decades.

12. Eric Douglas

Chairman of Wasabi and Board Member of Latour

Eric Douglas, brother to Carl, shares the leadership of the family’s vast investment empire and has a net worth of approximately $7 billion. While he works closely with his brother on the Latour portfolio, Eric is also known for his own entrepreneurial ventures, such as the Wasabi investment firm. His focus is often on identifying emerging technologies and sustainable business models that can be integrated into the family’s broader industrial network. The Douglas brothers are frequently cited as examples of successful sibling partnerships in business.

In 2025, Eric has been a major proponent of the “green transition” within the family’s holdings, pushing for more investment in circular economy technologies and renewable energy. His role as a board member of several public companies allows him to influence the sustainability agendas of some of Sweden’s largest employers. Eric is also known for his interest in history and heritage, and he has been involved in the restoration of several historic properties in Sweden. His wealth, like his brother’s, is built on a foundation of industrial excellence and a commitment to the long-term prosperity of the Swedish economy.

13. Sofia Högberg Schörling

Vice Chairman of Melker Schörling AB

Sofia Högberg Schörling is one of the two daughters of the late Melker Schörling, one of Sweden’s most legendary investors. Along with her sister Märta, she manages the family holding company, Melker Schörling AB (MSAB), which holds significant stakes in Hexagon, Assa Abloy, and Securitas. Her net worth in late 2025 is approximately $5.7 billion. Sofia has taken an increasingly active role in the group’s leadership, serving as vice chairman and helping to guide the company after her father’s passing.

The MSAB investment model is famous for its focus on industrial technology and its ability to turn Swedish companies into global leaders. In 2025, Sofia has been instrumental in the continued success of Hexagon, a world leader in digital reality solutions. Her wealth is a product of her father’s vision and her own capability in managing a complex portfolio of high-growth companies. Sofia is known for her disciplined approach and her focus on corporate governance, ensuring that the Schörling legacy of excellence continues into the next generation.

14. Märta Schörling Andreen

Board Member of Melker Schörling AB

Märta Schörling Andreen, sister to Sofia, also holds a net worth of $5.7 billion and is a key figure in the management of the family’s billions. She serves on the boards of several of the group’s core companies, including Hexagon and Hexpol. Märta is known for her deep understanding of the industrial sectors in which the family invests and her commitment to the long-term strategic goals set by her father. The two sisters are seen as a powerful team in the Swedish financial world.

In 2025, Märta focused on the international expansion of MSAB’s portfolio companies, particularly in the North American and Asian markets. The family’s wealth has grown significantly as the demand for precision sensors and automated manufacturing solutions has surged. Märta is also involved in the family’s philanthropic work, which supports education and medical research in Sweden. Her success highlights the importance of female leadership in the traditionally male-dominated world of Swedish industrial investment.

15. Torbjörn Törnqvist

CEO and Co-founder of Gunvor Group

Torbjörn Törnqvist is the co-founder and CEO of Gunvor Group, one of the world’s largest independent commodity trading houses. Based in Geneva but a Swedish citizen, Törnqvist has a net worth of approximately $5.35 billion. Gunvor trades millions of barrels of oil and gas every day and has significant interests in refineries and pipelines. Törnqvist’s wealth is a reflection of the intense volatility and high rewards of the global energy markets in the mid-2020s.

In 2025, Törnqvist led Gunvor through a major transition toward cleaner energy trading, including liquefied natural gas (LNG) and biofuels. He is a passionate sailor and is the man behind the Artemis Racing team, which has competed in the America’s Cup. This competitive drive is evident in his business career, where he has built Gunvor into a global giant from scratch. Törnqvist’s wealth represents the international reach of Swedish entrepreneurship, showing that Swedish business leaders can compete at the highest levels of the global commodities market.

16. Erik Selin

CEO and Founder of Fastighets AB Balder

Erik Selin is a self-made billionaire who has built a massive real estate empire through his company, Fastighets AB Balder. Starting with small residential properties, Selin has grown Balder into one of the largest property owners in the Nordic region, with a net worth of $4.1 billion in late 2025. His strategy is based on a “buy and hold” philosophy, focusing on residential and commercial properties in high-growth urban areas. Selin is known for his incredible work ethic and his ability to spot value where others see risk.

In 2025, Selin continued to expand Balder’s footprint in Germany and the United Kingdom, diversifying his portfolio away from the Swedish market. He is also a significant investor in several other companies, including banks and tech firms. Selin is known for his modest lifestyle and his focus on the operational details of his business. He remains one of the most active deal-makers in Sweden, and his wealth is a testament to the enduring value of bricks and mortar when managed with a long-term perspective.

17. Roger Samuelsson

: Founder of SHL Medical

Roger Samuelsson is the founder of SHL Medical, a world-leading provider of drug delivery devices, such as autoinjectors. His net worth is approximately $4.1 billion. Samuelsson’s success is built on the global trend toward self-administration of medication for chronic diseases. SHL Medical works with the world’s largest pharmaceutical companies to design and manufacture devices that make it easier for patients to take their medicine at home.

Based in Taiwan for much of his career, Samuelsson has recently re-engaged more deeply with the Swedish business community. In 2025, SHL Medical has seen record demand for its products as more “biologic” drugs come to market. Samuelsson is known for his focus on engineering excellence and his ability to build a highly efficient global manufacturing network. His wealth represents the intersection of healthcare and high-tech manufacturing, a sector where Sweden has a strong competitive advantage.

18. Dan Sten Olsson

: CEO of Stena Sphere

Dan Sten Olsson is the head of the Stena Sphere, a massive family-owned conglomerate with interests in shipping, offshore drilling, property, and metal recycling. His net worth in late 2025 is $3.1 billion. Under his leadership, Stena has become one of the most diversified and successful shipping companies in the world. Olsson is known for his innovative approach to business, including the development of high-speed ferries and advanced drilling rigs.

In 2025, Stena has been a leader in the shipping industry’s transition to alternative fuels, such as methanol and electricity. Olsson’s wealth is built on a foundation of maritime heritage and a willingness to invest in new technologies. He is a prominent figure in the Gothenburg business community and is known for his commitment to his employees and his long-term vision for the family business. His story is a classic example of how a traditional shipping firm can evolve into a modern, multi-industry giant.

19. Ali Ghodsi

Co-founder and CEO of Databricks

Ali Ghodsi is a Swedish-Iranian computer scientist and entrepreneur who co-founded Databricks, a data intelligence company that has become one of the most valuable private tech firms in the world. With Databricks reaching a valuation of $134 billion in late 2025, Ghodsi’s net worth is estimated at $2.7 billion. Although the company is headquartered in San Francisco, Ghodsi’s roots are in Sweden, where he studied and worked as a researcher at the KTH Royal Institute of Technology.

Ghodsi is a pioneer of the “data lakehouse” architecture, which allows companies to store and analyse massive amounts of data more efficiently. In 2025, Databricks became a central player in the global AI revolution, providing the infrastructure that many companies use to train their own artificial intelligence models. Ghodsi remains deeply connected to the Swedish tech ecosystem, often mentoring Swedish startups and advocating for more investment in computer science research. His success shows how Swedish academic excellence can translate into global business leadership.

20. Bertil Hult

Founder of EF Education First

Bertil Hult is the founder of EF Education First, the world’s largest privately-held international education company. His net worth in 2025 is $2.6 billion. Hult founded the company in 1965 after struggling with dyslexia and realising that he learned English better through immersion than in a classroom. Today, EF operates in over 50 countries, offering language travel, cultural exchange, and academic programmes to millions of students.

In 2025, EF is celebrating its 60th anniversary and has seen a surge in demand for its AI-powered language learning platforms. Hult has handed over the daily management of the company to his sons, but he remains an active philanthropist through the Hult Prize, which challenges students to solve the world’s most pressing social issues. His wealth is a testament to the power of a simple, effective idea that helps people connect and understand each other better. Hult remains a symbol of Swedish entrepreneurial spirit, and his commitment to education has had a global impact.

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Frequently Asked Questions

Who is the richest person in Sweden?

As of late 2025, Stefan Persson, the former chairman and largest shareholder of H&M, remains the wealthiest person in Sweden with an estimated net worth of approximately $18.6 billion.

What are the primary industries for Swedish billionaires?

The wealth of Sweden's top billionaires is concentrated in several key sectors: retail (H&M), packaging (Tetra Laval), technology (Spotify, Databricks), investments (Latour, Lundbergs), and pharmaceuticals (Ferring, SHL Medical).

Why are there so many family-owned business dynasties in Sweden?

The Swedish economy has a long tradition of "active ownership," where families take long-term stakes in industrial companies. This provides stability and allows businesses to focus on long-term growth rather than quarterly stock market fluctuations.

Is Sweden a good place for tech startups?

Yes, Sweden, and particularly Stockholm, is known as a global hub for tech "unicorns." Companies like Spotify, Klarna, and Databricks (founded by Swedish researchers) have benefited from a highly educated workforce and a culture that encourages innovation and global expansion.

How does the Swedish wealth landscape compare to other countries?

Sweden has one of the highest numbers of billionaires per capita in the world. While the country is known for its high taxes and strong social safety net, it also provides a very stable and supportive environment for private enterprise and long-term wealth accumulation.

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Top 20 Millionaires In Sweden

Stefan Persson

Former Chairman of H&M (Hennes & Mauritz)

Antonia Ax:son Johnson & Family

Owner of Axel Johnson AB

Martin Lorentzon

Co-founder of Spotify

Finn Rausing

Co-owner of Tetra Laval

Jorn Rausing

Co-owner of Tetra Laval

6. Kirsten Rausing

Co-owner of Tetra Laval

7. Carl Bennet

Chairman of Carl Bennet AB

8. Daniel Ek

Founder and CEO of Spotify

9. Fredrik Lundberg

Chairman of Lundbergföretagen

10. Frederik Paulsen

Chairman of Ferring Pharmaceuticals

11. Carl Douglas

Board Member of Latour and Securitas

12. Eric Douglas

Chairman of Wasabi and Board Member of Latour

13. Sofia Högberg Schörling

Vice Chairman of Melker Schörling AB

14. Märta Schörling Andreen

Board Member of Melker Schörling AB

15. Torbjörn Törnqvist

CEO and Co-founder of Gunvor Group

16. Erik Selin

CEO and Founder of Fastighets AB Balder

17. Roger Samuelsson

: Founder of SHL Medical

18. Dan Sten Olsson

: CEO of Stena Sphere

19. Ali Ghodsi

Co-founder and CEO of Databricks

20. Bertil Hult

Founder of EF Education First

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Frequently Asked Questions

Who is the richest person in Sweden?

What are the primary industries for Swedish billionaires?

Why are there so many family-owned business dynasties in Sweden?

Is Sweden a good place for tech startups?

How does the Swedish wealth landscape compare to other countries?

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