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#230 Kirsten Rausing $6.99B

Random fact: Sits on Liverpool University's veterinary science advisory board.

Overview

Rausing is a beneficiary of a family trust that owns Tetra Laval, the maker of more than 188 billion milk and juice packages in 2016. The Pully, Switzerland-based company had revenue of 13.8 billion euros ($15.3 billion) in 2016, according to its annual report. She shares the trust with her two brothers, Jorn and Finn.

As of Oct. 17, 2017:
Last change -$68.1M (-1.0%)
YTD change +$602M (+9.4%)
Industry Services
Biggest asset Tetra Laval
Citizenship Sweden
Age 65
Wealth Inherited
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Kirsten Rausing's net worth of $6.99B 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
0%
of the top 100 U.S. college endowments
0%
of the top 200 U.S. executives’ total awarded compensation
0%
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 Rausing's fortune is derived from her stake in closely held Swedish packaging company, Tetra Laval. She controls the Pully, Switzerland-based company through a trust she shares with her two brothers and she's credited with one-third of the business. The family consolidated ownership of the business in 1995 when it bought the half of Tetra Laval that was held by their uncle, Hans Rausing. It made more than 188 billion Tetra Pak packages in 2016, according to its website.

The price the family paid for Hans Rausing's stake has never been disclosed. For this calculation, the price used is $7 billion, the figure reported by the Financial Times, citing unidentified sources, at the time of the sale. Tetra Laval, which had 13.8 billion euros ($15.3 billion) in revenue in 2016, according to its annual report, is valued using the average enterprise value-to-Ebitda and price-to-earnings multiples of three publicly traded peer companies: Sonoco Products, Bemis Company and Crown Holdings. A 15 percent premium is applied to the valuation to reflect Tetra Laval's dominant market position and wider margins than its publicly traded peers.

The valuation was updated to reflect the company's 2016 financial results on Aug. 21, 2017.

The value of her cash holdings is based on an analysis of dividends, market performance, insider transactions, taxes and charitable contributions -- including the 1995 purchase of her uncle's stake in Tetra Laval. Rausing also owns Lanwades Stud farm in Newmarket, England. It is not valued because details of its operations aren't disclosed.

Joergen Haglind, a spokesman for Tetra Laval, declined to comment on the family's net worth calculation.

Biography

Birthdate: 6/6/1952
Family: Single, No children

Kirsten Rausing was born in 1952 in Sweden, the oldest of Gad and Birgit Rausing's three children. Her paternal grandfather, Ruben Rausing, founded Tetra Pak in 1951 and her father and uncle, Hans Rausing, helped build it into one of the largest packaging companies in the world.

From their base in Sweden, the two brothers oversaw the company's expansion overseas. In 1991, they acquired French dairy-equipment manufacturer DeLaval.

In 1993, Hans stepped down as chairman of the closely held company, which was renamed Tetra Laval the same year. Two years later, Gad purchased Hans's 50 percent stake in the family business for an estimated $7 billion. When Gad died in January 2000, his widow, Kirsten's mother Birgit, placed the asset in a trust, whose beneficiaries are Kirsten and her two younger brothers, Finn and Jorn.

Rausing, who was close to her grandfather Ruben while growing up, left Sweden in 1977 to work at Airlie Stud in Ireland, one of the world's leading racehorse-breeding operations. In 1980, she moved to Newmarket, England and founded Lanwades Stud. The farm is one of the few stallion studs in England still managed by its owner, according to its website. Since January 1999, it has bred winners of more than 1,000 races worldwide.

The billionaire has been a member of the Jockey Club since 1990, and was a director of the U.K.'s National Stud until 2003, when she and three other board members resigned in protest over the appointment of a new chairman who they thought was unqualified. She has been a non-executive board member of Tetra Laval since 1991.

Milestones
  • 1951 Grandfather Ruben establishes Tetra Pak in Lund, Sweden.
  • 1954 Tetra Pak's first milk packages are made in Stockholm.
  • 1959 Annual production capacity at Tetra Pak hits 1 billion cartons.
  • 1983 Ruben Rausing dies at age 88.
  • 1991 Tetra Pak acquires French dairy-equipment maker DeLaval.
  • 1993 Uncle Hans steps down as chairman of Tetra Laval.
  • 1995 With father and siblings, buys Hans's Tetra Pak stake for about $7 billion.
  • 2003 Tetra Laval buys beverage packaging-maker Sidel.