Bloomberg Billionaires Index

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#382 Niels Louis-Hansen $4.92B

Random fact: Holds a B. Com degree.

Overview

Louis-Hansen owns 21 percent of Coloplast, a maker of colostomy bags. The Humlebaek, Denmark-based company has 40 percent of the global continence-care market and its products include catheters and anal-irrigation systems. It had revenue of 14.7 billion Danish krone ($2.2 billion) in the year to Sept. 30, 2016.

As of Oct. 17, 2017:
Last change +$63.4M (+1.3%)
YTD change +$1.35B (+37.9%)
Industry Health Care
Biggest asset COLOB DC Equity
Citizenship Denmark
Age 69
Wealth Inherited
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Niels Louis-Hansen's net worth of $4.92B 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
0
times the median U.S. household income

Latest News

Net Worth Summary

Cash
Private asset
Public asset
Misc. liabilities
Confidence rating:

The majority of Louis-Hansen's fortune is derived from his 21 percent stake in Coloplast, a colostomy bag maker that has 40 percent of the global market, according to a September 2016 company presentation. He owns shares in the Humlebaek, Denmark-based businesss directly and through Niva, Denmark-based holding company NP Louis-Hansen, according to its 2016 annual report.

Together with shares held by his sister, Benedicte, and a charitable foundation created by his late parents, the Louis-Hansen family owns about 36 percent of Coloplast and controls about 62 percent of the voting rights. The billionaire isn't assigned the shares held by his sister or the family foundation, which is obligated to act for charitable purposes.

Louis-Hansen also owns 16 percent of diagnostic-equipment maker Ambu, through NP Louis-Hansen, according to Ambu's 2016 annual report.

The value of the billionaire's cash holdings is based on an analysis of dividends, market performance, insider transactions, taxes and charitable contributions.

Email and telephone messages sent to the family foundation requesting comment weren't returned.

Biography

Birthdate: 10/25/1947
Family: Unmarried, No children

Niels Peter Louis-Hansen was born in 1947, the son of a Danish nurse and an engineer who owned a plastic-packaging company. His mother, Johanne, was contacted by Elise Sorensen in 1954, a district nurse who wanted the couple to produce the world's first adhesive ostomy bag. The pair bought the rights to the invention and founded Coloplast in 1957.

Louis-Hansen joined the company as a director in 1968, two years after his father died. Coloplast expanded into urology, continence care as well as wound and skin care. The company opened its first offices in the U.K. in 1978, and sold shares on the Danish stock exchange in the 1980s. It acquired U.S. urology maker Mentor for $463 million in 2006. Patients surveyed by healthcare consultancy PatientView have voted Coloplast the best medical device maker for three consecutive years since 2012.

The billionaire's mother died in 2008. His sister, Benedicte, owns 3.6 percent of Coloplast. Louis-Hansen also serves as chairman of his family's foundation, Aage og Johanne Louis-Hansens Fond, which holds 11 percent of the company.

Milestones
  • 1947 Niels Peter Louis-Hansen is born in Denmark.
  • 1954 Nurse Elise Sorenson asks Louis-Hansens to manufacture her ostomy bag.
  • 1966 Father Aage dies. Mother takes over management of company.
  • 1968 Joins board of Coloplast.
  • 1969 Charitable foundation established by parents.
  • 2006 Buys urology business of U.S. competitor Mentor for $463 million.
  • 2008 Mother and Coloplast co-founder Johanne Louis-Hansen dies.
  • 2015 Awarded for the design of its catheter solution SpeediCath Compact Eve.
  • 2017 Coloplast employs more than 100,000 individuals.