Bloomberg Billionaires Index

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#182 Frederik Paulsen $7.98B

Random fact: Ferring's name derived from German island community of Fohr.

Overview

Paulsen is the owner and chairman of Ferring, a drugmaker that specializes in medicines for diabetes and hormonal disorders. The Saint-Prex, Switzerland-based company's products include Minirin, a tablet to prevent incontinence, and Menogen, an infertility treatment. Ferring had revenue of approximately $2 billion in 2016.

As of July 25, 2017:
Last change -$76.0M (-0.9%)
YTD change +$1.77B (+28.5%)
Industry Health Care
Biggest asset Ferring
Citizenship Sweden
Age 66
Wealth Inherited
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Frederik Paulsen's net worth of $7.98B can buy ...

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of the total wealth of the 500 richest people in the world
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of U.S. existing home sales
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Latest News

Net Worth Summary

Cash
Private asset
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Misc. liabilities
Confidence rating:

Paulsen is the majority owner of Ferring Pharmaceuticals, the drugmaker founded by his father in 1950. He controls his stake through Insula, a British Virgin Islands-based holding company. Ferring had revenue of approximately $2 billion in 2016, according to the company. The closely held business doesn't disclose detailed financial results.

The business is valued using the average enterprise value-to-sales multiple of three publicly traded peer companies: H Lundbeck, Ipsen and Endo. Meda was removed as a peer on Dec. 20, 2016 after it was acquired.

Paulsen didn't respond to e-mail and telephone messages requesting comment on his net worth.

Biography

Birthdate: 1950
Family: Divorced, 3 children
Education: University of Kiel, Chemistry Lund University, Business Administration

Frederik Paulsen was born in 1950 in Malmo, Sweden, the same year his father founded Nordiska Hormon Laboratoriet. The company was renamed Ferring four years later. Paulsen studied chemistry at the Christian-Albrechts-University in Kiel, Germany, and business adminstration at the University of Lund in Sweden.

He started work at Ferring in 1976, heading its Swedish division seven years later, and becoming chief executive officer of the group in 1988. He transferred Ferring's headquarters to Saint-Prex from Malmo in 2006 and today is the company's chairman.

The billionaire also is an explorer and spends much of his time planning and participating in scientific trips, including a trip to the Arctic seabed in 2007. He is married and has three children.

Milestones
  • 1909 His father is born in Dagebull, Germany.
  • 1935 Father arrives in Sweden after fleeing Nazi Germany.
  • 1950 Frederik Paulsen is born, the same year his father founds Ferring.
  • 1961 Ferring starts synthesizing peptide hormones on an industrial scale.
  • 1984 Begins selling peptide-based drug Minirin that prevents incontinence.
  • 1988 Becomes chief executive officer of Ferring Group.
  • 1997 Father dies on the German island of Fohr.
  • 2006 The company opens new headquarters in Saint-Prex, Switzerland.
  • 2007 Travels to the Arctic seabed in a Russian submarine.
  • 2012 Gives $10 million to Salk, a California-based research organization.