Billionaire Lego Fund Surges on Toymaker, Portfolio Gains
- Kirkbi gained on Lego stake, lost money on bonds, recycling
- Kristiansen family is among richest clans in Denmark
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The investment fund of the family behind Lego reported record returns last year, buoyed by higher profit at the toymaker and a stock-market boom that lifted the value of its major equity holdings.
Net income at Kirkbi Invest A/S quadrupled to 27 billion kroner ($3.9 billion) from 6.4 billion kroner in 2020, the Billund, Denmark-based fund said in a statement on Tuesday.