Gustaf Douglas
Stockholm, Sweden
Master of Business Administration, Harvard University
Sweden
investments, Self Made
$4,300,000,000
546
#546 Billionaires 2019
Gustaf Douglas was born into nobility, but without exceptional riches.The Harvard graduate eventually ran state-owned TV channel SVT2 and newspaper Dagens Nyheter.In 1985 Douglas acquired a controlling stake in Swedish security firm Securitas, eventually turning into a global powerhouse.Today, his sons, Carl and Eric, sit on the board of both Investment AB Latour. They are both billionaires. Douglas and his family control Investment AB Latour, which has a large stake in the world's largest producer of locks, Assa Abloy.
To pay his tuition at Harvard Business School, Douglas started placing aggressive bets on stocks including Volvo.Douglas owns what was once the most expensive stamp ever sold, the Treskilling Yellow, which he bought in 2013.
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