The Richest Men in Finland
by kalyani10
Björn Wahlroos owns 2.1% of the Sampo Group, making him the third biggest shareholder after Finnish companies Solidium Oy - 14.6%, and itself wholly owned by the Finnish state as well as Varma Mutual Pension Insurance Company; on the basis of 11.76m shares that Wahlroos owns in Sampo, his net worth is around €285 million2.
Aatos Juho Michel Erkko
Till his death in May 2012, media tycoon Aatos Erkko was one of the richest men in Finland. Aatos Juho Michel Erkko was the most significant publisher in his country and the architect of the present Helsingin Sanomat, the largest newspaper in Finland. He found the Sanoma Group, which rose to become Finland's leading media corporation from the 1960s onwards to the present. During Erkko's time with Sanoma Corporation, the company's net sales grew from FIM 3.5 million to FIM 2,742 million3. Helsingin Sanomat became the largest daily paper in the Nordic region, and the circulation of Finland's second-largest paper, Ilta-Sanomat, more than tripled. As the largest individual shareholder in the Sanoma Group, Aatos Erkko was definitely one of the top richest individuals in Finland. He married Jane Erkko in 1959 but the couple had no children.
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Even though Finland is one of the sparsely populated countries in Europe, it has one of the best standards of living among all the nations of the world. With recent industrialization, universal social security, long-term political stability and a developed educational system, Finland is globally recognized as one of the best places to live and work. Here are some of the richest Finns who have benefited from their country’s opportunities and made it big in their country as well as the world.
Anti Herlinn
In recent years, Finland’s economy has been dominated by the service industry with a special emphasis on high-technology manufacturing and allied services. The Finnish electronics industry relies on heavy investment in Research and Development and has been accelerated by the liberalization of global markets. And one of the individuals to have benefited from the wider opportunities is Anti Herlinn – the richest man in Finland. With a net worth of $ 2 billion, Herlinn is also the only Finnish name on Forbes 2012 List of World Billionaires1. Herlinn built up his fortune by the $6.8 billion by sales KONE Corporation, a Finnish elevator and escalator manufacturer and installation and maintenance firm. Herlin's grandfather founded KONE in 1924. After being appointed deputy chairman and CEO in 1996, Antti Herlin expanded operations through a series of acquisitions, alliances, and technological advancements. He stepped down as CEO in 2006 even though he has been chairman since 2003. Other business interests include Finnish construction firm YIT as well as Security Trading Oy where he is also the chairman. This 53 year billionaire is married and he has four children. His lives in the city of Kirkkonummi and is known to keep a low profile.
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Björn Arne Christer Wahlroos
One of the most prominent financiers of Finland, Bjorn Wahlroos is the chairman of the financial institutions like Sampo Group, Nordea Bank and UPM-Kymmene. In 1985 Wahlroos joined the executive board of Union Bank of Finland. Three years later he was appointed Executive vice president and Head of Investment Banking & Treasury at UBF. Together with half a dozen of his colleagues Wahlroos bought out the investment banking operations of UBF in 1992 and started the partnership Mandatum & Co, which soon became the leading advisor of mergers and acquisitions in Scandinavia. Through a merger with Interbank in 1998 Mandatum was listed on the Helsinki Stock Exchange.
In 2000 Wahlroos merged his banking group into Sampo-Leonia and took over as President and CEO of the combined company, also becoming its biggest private shareholder. In 2009 Wahlroos resigned as CEO and was elected Chairman of Sampo plc, holding company of Sampo Group, which by then had become the biggest insurer in Northern Europe and also the main shareholder of Nordea, the region’s largest bank. In March 2011 he was elected as the Chairman of Nordea. Apart from these, Wahlroos is also Chairman of the Board of UPM-Kymmene.
Björn Wahlroos owns 2.1% of the Sampo Group, making him the third biggest shareholder after Finnish companies Solidium Oy - 14.6%, and itself wholly owned by the Finnish state as well as Varma Mutual Pension Insurance Company; on the basis of 11.76m shares that Wahlroos owns in Sampo, his net worth is around €285 million2.
Aatos Juho Michel Erkko
Till his death in May 2012, media tycoon Aatos Erkko was one of the richest men in Finland. Aatos Juho Michel Erkko was the most significant publisher in his country and the architect of the present Helsingin Sanomat, the largest newspaper in Finland. He found the Sanoma Group, which rose to become Finland's leading media corporation from the 1960s onwards to the present. During Erkko's time with Sanoma Corporation, the company's net sales grew from FIM 3.5 million to FIM 2,742 million3. Helsingin Sanomat became the largest daily paper in the Nordic region, and the circulation of Finland's second-largest paper, Ilta-Sanomat, more than tripled. As the largest individual shareholder in the Sanoma Group, Aatos Erkko was definitely one of the top richest individuals in Finland. He married Jane Erkko in 1959 but the couple had no children.
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