Bloomberg Billionaires Index

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#391 Fredrik Lundberg $4.69B

Random fact: Father founded Lundbergs in his apartment, aged 24.

Overview

Lundberg is chief executive and the largest shareholder of Lundbergs, a publicly traded real estate and investment company that had revenue of 19.4 billion kronor ($2.3 billion) in 2016. The Stockholm-based business has holdings in real estate company Fastighets AB L E Lundberg and project developer Skanska.

As of July 23, 2017:
Last change -$51.5M (-1.1%)
YTD change +$965M (+25.9%)
Industry Real Estate
Biggest asset LUNDB SS Equity
Citizenship Sweden
Age 65
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Fredrik Lundberg's net worth of $4.69B can buy ...

0
troy ounces of gold
0
barrels of crude oil

... and is equivalent to ...

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of the GDP of the United States
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of the total wealth of the 500 richest people in the world
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of the top 100 U.S. college endowments
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of the top 200 U.S. executives’ total awarded compensation
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of U.S. existing home sales
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times the median U.S. household income

Latest News

Net Worth Summary

Cash
Private asset
Public asset
Misc. liabilities
Confidence rating:

The majority of Lundberg's fortune is derived from a 42 percent economic interest in Lundbergs, the Stockholm-based holding company he inherited from his father in 2001. He owns 38 million Class A shares and 14.5 million Class B shares, according to the company's 2016 annual report.

The value of his cash investments is based on an analysis of insider transactions, salary, dividends, charitable contributions and market performance.

Lundberg declined to comment on his net worth.

Biography

Birthdate: 1951
Family: Married, 2 children
Education: Stockholm School of Economics, MBA Engineering, Kth Royal Institute of Technology, Master's Degree Economics, Stockholm School of Economics, Doctorate Degree Engineering, Linkoping University, Doctorate Degree

Fredrik Lundberg was born in 1951 in Norrkoeping, Sweden.

His father, Lars Erik Lundberg, founded L E Lundbergfoeretagen -- or Lundbergs -- in 1944. He was 24 at the time and began building the full-service construction business from his apartment, according to the company's website.

Before joining Lundbergs in 1977, Fredrik Lundberg received a masters degree from the Stockholm School of Economics. He became the company's chief executive officer and president in 1981 and oversaw its admission to the Stockholm Stock Exchange in 1983.

The billionaire is married and lives in Sweden. His daughters, Louise Lindh and Katarina Martinson, sit on the board of directors at Lundbergs.

Milestones
  • 1944 Lars Erik Lundberg inherits a shoe store in Norrkoeping, Sweden.
  • 1951 Fredrik Lundberg is born in Norrkoeping.
  • 1977 Joins his father's company, Lundbergs.
  • 1981 Becomes president of the group.
  • 1983 Lundbergs begins trading on the Stockholm Stock Exchange.
  • 1998 Becomes chairman of Hufvudstaden.
  • 2001 Inherits Lundbergs from his father.
  • 2015 Takes over as chairman of investment firm Industrivaerden.