Swedish business magazine Veckans Affärer each year compiles a list of the country’s billionaires in Swedish krona (1 billion SEK equals roughly $120 million USD).
There’s now a record 187 Swedish billionaires – double the amount since 2002 – of which around 40 have amassed fortunes exceeding a billion dollars.
This year’s list was increasingly made up of tech executives like Spotify co-founder Daniel Ek and Klarna’s founders Sebastian Siemiatkowski and Niklas Adalaberth.
However, the very top largely belongs to the founding families of iconic Swedish companies like Stena Group, Ikea, H&M and Tetra Laval – all founded between 1939 and 1951.
Here are the 25 richest people of Sweden and how they made their money.
10. Ane Uggla ($6,5 bn): Heir to a Danish shipping empire
Net Worth: 55 billion SEK ($6,5 bn)
Source of wealth: A.P. Møller-Mærsk (shipping)
Heir to Denmark’s largest company, shipping giant A.P. Møller-Mærsk. The 69-year old’s son, Robert Maersk Uggla, is nowadays in charge of the Maersk’s holding company. Ane Uggla, who’s lived in Stockholm since the 1970s is today Sweden’s second-richest woman.
9. Kirsten Rausing ($6,75 bn): A Tetra Laval heir
Net Worth: 60 billion SEK ($7,1 bn)
Company: Tetra Laval
Residence: Newmarket, UK
A 65-year old Tetra Laval heir.