Swedish billionaires: Hans Rausing (magnate), net worth 12.5 billion (2017)
NordenBladet – Sir Hans Rausing, KBE (born 25 March 1926) is a Swedish businessman based in the United Kingdom. He made his fortune from his co-inheritance of Tetra Pak, a company founded by his father Ruben Rausing and currently the largest food packaging company in the world. In 1995 he sold his share of the company to his brother, Gad.
In the Forbes world fortune ranking, Rausing was placed at number 83 with an estimated fortune of $US10 billion in 2011. According to Forbes, he was the second richest Swedish billionaire in 2013. As of July 2017, Forbes reported his net worth as $12.5 billion. As of 17 May 2013, Bloomberg Billionaires Index estimated Rausing’s net worth to be $13.3 billion.
Early life
Rausing was born in Gothenburg in 1926 as the second son to industrialist Ruben Rausing and his wife Elisabeth (née Varenius). Rausing had two brothers, Gad and Sven.
Career
Hans Rausing studied Economics, Statistics and Russian at Lund University, graduating in 1948. In 1954 Rausing was appointed Managing Director of Tetra Pak and his brother Gad Deputy Managing Director. Rausing became Chairman of the Tetra Pak board in 1985. He left the company in 1993 and sold his 50% share of the company to Gad in 1995.
Tetra Pak’s success in the 1970s and 1980s has been credited to the leadership of Hans and Gad Rausing, who turned the six-person family business into a multi-national company. Over the course of his career, Rausing became a specialist in Russian affairs and has made many investments in Russia and Ukraine. He was responsible for the Tetra Pak’s Russian market, and negotiated the first Tetra Pak machine export to the Soviet Union in 1959, eventually making Tetra Pak the largest foreign employer in Russia.
Patronage
Hans Rausing (92-year-old today) and his wife Märit have donated large sums to charities and research in the UK and Sweden, among others to large medical research projects at Karolinska Institutet and Lund University. Through the Märit and Hans Rausing Fund, they support local community projects in their home county of Sussex.
Through her fund Arcadia, Rausing’s daughter Lisbet is financing the Hans Rausing Endangered Languages Project at the School of Oriental and African Studies (SOAS) at the University of London, the Hans Rausing Scholarship in the History of Science at King’s College London, and the Hans Rausing Chair in the History of Science at Uppsala University, which is also hosting an annual Hans Rausing Lecture in the History of Science. The University of Cambridge Department of History and Philosophy of Science hosts an Annual Hans Rausing Lecture.
Honors
Hans Rausing has been appointed Doctor Honoris Causa in Medicine and Economics at Lund University. He is a visiting professor at Mälardalens Högskola, Sweden, and honorary professor at the University of Dubna, Russia. He was made a Knight Commander of the Order of the British Empire (KBE) in 2006. He is an Honorary Fellow of the Isaac Newton Institute, Cambridge, and in 2011 he was awarded the title Honorary Freeman and Liveryman at The Worshipful Company of Stationers and Newspaper Makers, London.
Personal life
Hans Rausing and his wife Märit Rausing have two daughters, Anna Lisbet Kristina Rausing (born 9 June 1960) and Sigrid Maria Elisabet Rausing (born 29 January 1962), and one son, Hans Kristian Rausing (born 15 June 1963).
Rausing has been a resident of the UK since 1982. He lives in Wadhurst, East Sussex.
List of Swedes billionaires by net worth (2017, Forbes)
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* A business magnate or industrialist is an entrepreneur of great influence, importance, or standing in a particular enterprise or field of business. The term characteristically refers to a wealthy entrepreneur or investor who controls, through personal business ownership or dominant shareholding position, a firm or industry whose goods or services are widely consumed. Such individuals may also be called czars, moguls, proprietors, tycoons, taipans, barons, or oligarchs.
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