Fredrik Lundberg
Stockholm, Sweden
Bachelor of Arts/Science, Stockholm School of Economics
Sweden
real estate, investments
$4,800,000,000
529
#529 Billionaires 2019
Fredrik Lundberg is CEO and chairman of L.E. Lundbergforetagen AB, founded by his father Lars in 1944 as a construction outfit.Fredrik took over management of the firm in 1981.Today it's a diversified holding company with investments in property management and other businesses.Daughters Louise and Katarina, also billionaires, both sit on the board and each own a 14% stake in the group.Through his holdings, Lundberg has a lot of say in several renowned Swedish firms, including Ericsson, steelmaker SSAB and truck-maker Volvo.
Lundberg moved his family to Switzerland in 1985 to avoid punitive taxes but later returned to Sweden.Lundberg was once a junior curling world champion.
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