Secretive Family Behind Tetra Pak Bets $9 Billion on Stocks

A mysterious entity based in the heart of Singapore’s financial district emerged as the biggest shareholder in International Flavors & Fragrances Inc. nine years ago.

It turned out that the owner was the Rausing family, which hails from Sweden and made a fortune from Tetra Pak cartons. It’s now also clear that the stake was one of the first public disclosures about how the media-shy clan deploys its billions.