Swedish Tetra Pak billionaire Hans Rausing dies at 93

NordenBladet – Hans Rausing, the Swedish billionaire who helped build food packaging company Tetra Pak into a global giant, has died aged 93. Son of its founder, Ruben Rausing, he ran the firm from 1950 until 1995 – when he sold his share in the family business to his brother. Mr Rausing was known for his philanthropy in Sweden and the UK.

His family’s fortune, estimated by Forbes at $12bn (£9.8bn), makes them one of the richest living in the UK.

In recent years, Mr Rausing’s family were hit by scandal, after his son was given a suspended prison sentence for failing to report the death of his wife.

Hans Rausing’s father, Ruben, founded Tetra Pak, later Tetra Laval, in Sweden in 1944.

The company is widely praised for revolutionising the global food packing trade.

The original design for its innovative cardboard packaging was a tetrahedron, giving the firm its name, but the company’s fortunes only really took off in the late 1960s under the leadership of Hans and his brother Gad.

Source: NordenBladet.ee