Billionaire Lars Larsen, Founder of Retail Chain Jysk, Has Died

  • Larsen built a bed linen empire with $20,000 in start capital
  • He stepped down from Jysk in June after cancer diagnosis

Lars Larsen

Photographer: Toke Hage/Jysk
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Lars Larsen, the founder of retail furniture chain Jysk and one of Denmark’s richest men, has died. He was 71.

Larsen died in his home in Silkeborg, western Denmark, on Monday, the company said in a statement. He had stepped down as Jysk’s chairman two months earlier after being diagnosed with cancer.