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# Thomas Kristiansen

Random fact: Only one of his siblings to be a member of Lego's board.

Overview

Kristiansen is the deputy chairman of Lego, the world's largest toymaker. The Billund, Denmark-based company makes more than 60 billion toy pieces annually and had revenue of more than $5.6 billion in 2016. He holds the stake through family investment vehicle Kirkbi, which also owns 30 percent of theme-park operator Merlin Entertainments Group.

As of Sept. 22, 2017:
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Industry Consumer
Biggest asset N/A
Citizenship Denmark
Age 37
Wealth Inherited
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Relative Value

Thomas Kristiansen's net worth of can buy ...

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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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Latest News

Net Worth Summary

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Biography

Birthdate: 1979
Family: Married, No children

Thomas Kirk Kristiansen was born in 1979, the great-grandson of Ole Kirk Kristiansen, who founded toymaker Lego in 1932. The Billund, Denmark-based company is the world's most valuable toy manufacturer, reporting revenue of $5.2 billion in 2015, and produces more than 60 billion of its bricks annually. Father Kjeld ran the company for 25 years beginning in 1979 and built it into a global brand, which involved an expansion into Legoland themeparks in the 1990s and adding operations in the U.K., Germany and the U.S.

In the early 2000s, disappointing sales and competition from Hasbro and Mega Bloks saw Lego post its third annual loss in five years. Kristiansen began to implement a turnaround plan, shedding 1,000 jobs and pruning product lines, before stepping aside in 2004.

The company sold its 70 percent economic interest in its theme park business to private equity firm Blackstone in 2005. Kirkbi took an intial 15 percent stake in the newly formed Merlin Entertainments Group, which was increased to 36 percent in 2010. The company listed on the London Stock Exchange in November 2013. Kirkbi retains a 30 percent stake.

Kjeld Kristiansen served as first deputy chairman of Lego until April 2016, when he said that Thomas would succeed him in the role as the first step towards a "smooth generational handover." Thomas also assumed his father's position as chairman of The Lego Foundation, which owns 25 percent of the toymaker.

The billionaire lives in Denmark.

Milestones
  • 1932 Great-grandfather Ole Kirk Kristiansen founds toymaker Lego.
  • 1947 Father, Kjeld Kirk Kristiansen is born in Billund, Denmark.
  • 1958 The Lego stud-and-tube building brick we know today is released.
  • 1998 Company posts its first loss, prompting a reorganization and job cuts.
  • 1999 Lego brick named "Toy of the Century" by Fortune magazine.
  • 2004 Kjeld Kristiansen steps aside as CEO on annual loss of $330 million.
  • 2004 Joergen Vig Knudstorp named CEO of Lego. First year of turnaround.
  • 2005 Private equity firm buys Lego's theme parks for $457 million.
  • 2013 Lego's strong annual results make it world's most valuable toymaker.
  • 2013 Theme park operator Merlin lists on the London Stock Exchange.