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#118 Hans Rausing $11.5B

Random fact: Has no plane or yacht. His indoor pool cost 1 million pounds.

Overview

Rausing inherited half of Tetra Laval, a maker of milk and juice cartons, from his father in 1983. He sold his stake in the Pully, Switzerland-based company, which sold 184 billion Tetra Pak packages in 2015, to his brother, Gad, for about $7 billion in 1995. Other assets include packaging company Ecolean and an English estate.

As of July 23, 2017:
Last change -$5.31M (-0.1%)
YTD change +$1.07B (+10.3%)
Industry Diversified
Biggest asset Cash
Citizenship Sweden
Age 91
Wealth Inherited
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Hans Rausing's net worth of $11.5B can buy ...

0
troy ounces of gold
0
barrels of crude oil

... and is equivalent to ...

0%
of the GDP of the United States
0%
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 Hans Rausing's fortune stems from the sale of his 50 percent stake in Tetra Laval for about $7 billion, a figure that was reported by the Financial Times at the time of the deal in 1995. He sold his stake to his brother, Gad, who died in 2000. Rausing didn't pay U.K. capital gains tax on the Tetra Laval sale because he owned his stake in the company through a Liechtenstein-based family foundation, Hansra.

The value of Rausing's cash holdings is based on an analysis of dividends, market performance, insider transactions, taxes and charitable contributions. Through his family office, Alta Advisers, Rausing owns U.S. stocks valued at $55.6 million, according to an Feb. 8, 2017 regulatory filing.

Rausing also owns closely held Helsingborg, Sweden-based lightweight packaging manufacturer Ecolean. The company had revenue of 682 million Swedish krona ($80.9 million) in 2015, according to the Orbis database, and it's valuation is based on the enterprise value-to-sales and price-to-book multiples of three comparable publicly traded peer companies: Xano Industri, RPC Group and Huhtamaki Oyj.

Robert Wallace, the former CEO of Alta Advisers, said Rausing declined to comment on his net worth.

Biography

Birthdate: 3/25/1926
Family: Married, 3 children
Education: 1948, Lund University, Graduated

The second of three sons, Hans was born in Sweden in 1926. A quarter century later, his father Ruben founded Tetra Pak, now one of the largest packaging companies in the world. Hans attended Sweden's Lund University, where he studied linguistics, economics and Russian.

With his older brother, Gad, Hans joined the family business, rising to the positions of managing director and chairman. He helped oversee the company's expansion into Russia in 1959, as well as the acquisition of French dairy-equipment manufacturer DeLaval in 1991.

Hans stepped down as chairman of the closely held family company in 1993, which was renamed Tetra Laval the same year. Two years later, he sold his 50 percent stake in the family empire to Gad for $7 billion. A resident of the U.K. since 1982, Hans lives at Wadhurst Park, an estate on more than 800 acres in East Sussex County that dates back to the 1400s.

With his wife Marit, Hans is an active sponsor of local charities in Sussex county. All the taxable profits from one of his investment companies, Alta Advisers, is donated to charity via the Marit and Hans Rausing Charitable Foundation. His two daughters have also established foundations. Lisbet, a former Harvard University history professor, donates to environmental causes through her fund, Arcadia. Sigrid, who has a doctorate in anthropology, gives about $30 million a year to programs supporting international human rights.

Rausing's son Hans Kristian was arrested in July 2012 on suspicion of drug possession and in connection with the death of his wife, Eva Kemeny, who was found dead in their London home earlier that day. He later pled guilty to "preventing lawful and decent burial" of her body and avoided a prison sentence. The couple was arrested for possession of narcotics after trying to take cocaine, crack cocaine and heroin into a reception at the U.S. Embassy in London in 2008. They confessed to the charges and weren't sentenced to prison. Over the years the couple had provided financial support to various charities, including the drug-use prevention group Action on Addiction.

Milestones
  • 1951 Father Ruben establishes Tetra Pak in Lund, Sweden.
  • 1954 Tetra Pak's first milk packages are made in Stockholm.
  • 1976 Buys U.K. estate, Wadhurst Park in East Sussex.
  • 1982 Moves to U.K., becomes full-time resident.
  • 1993 Hans steps down as chairman of Tetra Laval.
  • 2001 Acquires lightweight packaging company, Ecolean.
  • 2012 Son Hans Kristian is arrested after his wife is found dead.
  • 2014 Wedding of son Hans Kristian to Christie's art expert Julia Delves Broughton.