Erik Paulsson’s profile picture

Erik Paulsson

Erik Paulsson’s profile picture
Net worth 2018: $1.26 Billion
Industry: Real Estate
Residence: Båstad, Sweden
Country: Sweden
BirthDay: 1941
BIOGRAPHY

Erik Paulsson was bornon 1941 in Båstad, Sweden, Sweden. Erik Paulsson is #1792 in List Billionaires People In The World. At the age of 17, in 1957, Erik Paulsson and his younger brother Mats founded a waste management company to service the local farmers in the south of Sweden. The company, later named PEAB, expanded to construction in 1970, the industry it's known for today. PEAB has more than 14,000 employees and 2014 revenues exceeded $5 billion. In 1989 it went public in Stockholm. While Mats and his family still control the company, Erik has divested into spin-offs of several PEAB property management entities. His most valuable holdings are Wihlborgs Fastigheter, Catena and Fabege, all real estate companies traded on the Stockholm stock exchange. In deciding who would get what in the division of PEAB, the brothers reportedly flipped a coin.

NET WORTH STATISTIC
2017

$1 Billion

2018

$1.26 Billion

TIMELINE
2014

PEAB had 2014 revenue of over $5 billion, and employed more than 14,000 people

1977

Erik Paulsson is a Swedish billionaire businessman, the chairman of Skistar since 1977

1957

In 1957, aged 17, Paulsson and his younger brother Mats founded PEAB, initially waste management, before expanding into construction in 1970

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