Top 10 Richest Men (People) In Sweden According To Forbes (2025)

Sweden is famous for its clean cities, stunning nature, ABBA’s music, and IKEA’s flat-pack furniture. But beyond the beauty and the culture, this Nordic nation is also home to some of the world’s wealthiest individuals. These aren’t just rich Swedes; they are billionaires shaping industries, influencing global trends, and redefining how the world does business.

In Forbes’ 2025 ranking, Sweden’s top billionaires come from diverse sectors—fashion retail, tech, investments, packaging, real estate, and healthcare. Today, we’ll take a closer look at the top 10 richest people in Sweden and the stories behind their massive fortunes.

1. Stefan Persson – $18.6 Billion

Age: 77
Source of Wealth: H&M
Industry: Fashion & Retail

At the top of the Swedish wealth chart is Stefan Persson, the former chairman of H&M (Hennes & Mauritz), one of the largest fashion retailers in the world. Persson inherited the company from his father, Erling Persson, who founded it in 1947. Under Stefan’s leadership, H&M expanded into over 70 countries and became known for its “fashion at affordable prices” model.

Though he stepped down as chairman in 2020, Persson still owns a significant share of the company and remains involved in strategic decision-making. He’s also known for his vast real estate holdings in London, Paris, and Stockholm.

2. Antonia Ax:son Johnson & Family – $12 Billion

Age: 81
Source of Wealth: Diversified business empire
Industry: Diversified

Antonia Ax:son Johnson is the heiress to the Axel Johnson Group, a family-owned conglomerate founded in 1873. The group operates in trade, real estate, energy, and industrial sectors. Antonia took over leadership in the 1980s and has since transformed it into a forward-thinking company focused on sustainability and long-term investments.

Her wealth is shared with her family, but her leadership role and influence have been key in maintaining the group’s strong position in the Nordic market.

3. Martin Lorentzon – $11.4 Billion

Age: 56
Source of Wealth: Spotify
Industry: Technology

If you’ve ever streamed your favorite song on Spotify, you have Martin Lorentzon to thank. Lorentzon co-founded Spotify in 2006 with Daniel Ek, aiming to tackle the global problem of music piracy. Today, Spotify is the world’s largest audio streaming service, with over 600 million active users.

His success story is not just about music but also about technological disruption—Spotify changed how artists distribute their music and how listeners consume it.

4. Finn Rausing – $10.7 Billion

Age: 70
Source of Wealth: Tetra Laval
Industry: Food & Beverage (Packaging)

Finn Rausing, along with his siblings Jorn and Kirsten, inherited the Tetra Laval packaging empire from their father. Tetra Laval revolutionized food packaging with its carton-based solutions, making it possible to store milk and juice without refrigeration for long periods.

Finn’s fortune is tied to the company’s continued dominance in global food packaging markets, serving billions of consumers annually.

5. Jorn Rausing – $10.7 Billion

Age: 65
Source of Wealth: Tetra Laval
Industry: Food & Beverage (Packaging)

Like his brother Finn, Jorn Rausing holds a stake in Tetra Laval. Jorn is more actively involved in the company’s operations and has also invested heavily in other sectors, including the online grocery retailer Ocado in the UK.

His diversified approach to wealth management ensures that his fortune is not solely dependent on packaging technology.

6. Kirsten Rausing – $10.7 Billion

Age: 72
Source of Wealth: Tetra Laval
Industry: Food & Beverage (Packaging)

The third sibling in the Rausing dynasty, Kirsten Rausing, also owns a significant stake in Tetra Laval. Beyond packaging, Kirsten is famous for her passion for horse breeding and racing. She owns Lanwades Stud in Newmarket, UK, which has produced multiple championship horses.

Her life is a mix of corporate influence and equestrian excellence.

7. Carl Bennet – $10.6 Billion

Age: 73
Source of Wealth: Investments
Industry: Finance & Investments

Carl Bennet made his fortune through strategic investments in healthcare and industrial companies. As chairman and major shareholder of Getinge, a medical technology company, and Elanders, a global supply chain solutions provider, Bennet has shown a remarkable ability to spot and grow profitable ventures.

His approach is classic long-term investing—finding strong companies and helping them expand globally.

8. Fredrik Lundberg – $8 Billion

Age: 73
Source of Wealth: Real estate and investments
Industry: Real Estate

Fredrik Lundberg is the head of Lundbergföretagen, a diversified investment firm with interests in real estate, banking, and industrial companies. He is known for his conservative but steady investment strategy, which has paid off over decades.

Lundberg is also a significant shareholder in Swedish banking giant Handelsbanken and industrial powerhouse Industrivärden.

9. Daniel Ek – $7.8 Billion

Age: 42
Source of Wealth: Spotify
Industry: Technology

Daniel Ek is the more public face of Spotify, co-founding the company alongside Martin Lorentzon. As CEO, Ek has overseen Spotify’s rise from a Swedish startup to a global tech giant.

Ek is also an investor in various technology ventures and has recently shown interest in sports ownership, hinting at his desire to buy a football club in the future.

10. Carl Douglas – $7.2 Billion

Age: 63
Source of Wealth: Investments
Industry: Diversified

Carl Douglas is part of the prominent Douglas family, whose wealth comes from diversified investments, including real estate, shipping, and finance. The Douglas family is known for its influence in Swedish business circles.

Carl plays a key role in managing the family’s investment portfolio, ensuring continued growth across multiple sectors.

Sweden’s Billionaire Landscape: A Quick Observation

One striking feature of Sweden’s richest individuals is how many of them have inherited their wealth. From the Rausing siblings of Tetra Laval to Antonia Ax:son Johnson, generational wealth plays a huge role. However, innovation also shines through with self-made billionaires like Daniel Ek and Martin Lorentzon of Spotify.

The industries that dominate include:

• Fashion & Retail (H&M)

• Technology (Spotify)

• Packaging (Tetra Laval)

• Investments and Real Estate

• Healthcare and Industrial sectors

Summary Table – Top 10 Richest People in Sweden (2025)