Swedish Sisters Become Billionaires on Soaring Family Fortune
- Father’s 2015 transfer lifted daughters’ stakes to 14%
- Value of investment company rises 28% in the past 12 months
Residential apartment blocks stand in the Ostermalm district of Stockholm, Sweden, on Monday, June 17, 2013. Sweden's regulator on May 21 tripled the risk-weights banks need to apply to mortgages to 15 percent to limit losses from any potential housing crisis and try to stem growth in household indebtedness.
Photographer: Casper Hedberg/BloombergThe two daughters of Swedish industrialist Fredrik Lundberg have become billionaires as shares of the family’s investment company climbed to a record high.
Louise Lindh, 36, and Katarina Martinson, 35, each own a 14 percent economic interest in publicly traded Lundbergfoeretagen AB, according to the company’s 2015 annual report. Shares of the Stockholm-based business have risen 28 percent in the past 12 months and matched their all-time high of 517.5 Swedish kronor ($61.08) on Thursday.