Ilkka Herlin’s profile picture

Ilkka Herlin

Ilkka Herlin’s profile picture
Net worth 2018: $1.59 Billion
Industry: Manufacturing
Residence: Helsinki, Finland
Country: Finland
BirthDay: 25 January 1959
Sigh: Aquarius
Children: 4
BIOGRAPHY

Ilkka Herlin was bornon 25 January 1959 in Helsinki, Finland, Finland. Ilkka Herlin is #1436 in List Billionaires People In The World. Ilkka Herlin is the great-grandson of Finnish business legend Harald Herlin, who invested in Kone Elevators in 1924. After his father's death in 2003, Ilkka and his siblings Ilona and Niklas discovered their father had rewritten his will in 1999 and left most of the ownership in Kone to their brother Antti. Angered that they had never been informed, the siblings battled for control. The dispute ended in 2005, with Kone being split in two. Antti maintained control over the core elevator business and received a majority stake in Kone, while his siblings were given a majority stake in Cargotec, which produces machinery that handles heavy duty cargo for ships and ports, and a minority stake in Kone. Four of the five siblings are billionaires.

NET WORTH STATISTIC
2014

$1.1 Billion

2015

$1.2 Billion

2016

$1.1 Billion

2017

$1.4 Billion

2018

$1.59 Billion

TIMELINE
2005

Ilkka and his siblings Ilona and Niklas were unhappy about not being informed, and the dispute finally ended in 2005

2003

His father Pekka Herlin died in 2003, and it was discovered that he had rewritten his will in 1999, leaving most of the elevator and escalator maker Kone to his brother Antti Herlin

1959

Ilkka Heikki Herlin (born 25 January 1959) is a Finnish billionaire, the chairman and one of the owners of Cargotec, and one of the owners of the elevator and escalator maker Kone

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