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Grizzly Bulls’ Billionaires Index

⬅ # 430 Thomas Kirk Kristiansen|# 432 Vyacheslav Kim ➡

# 431 Agnete Kirk Thinggaard 

$6.64B

Real Time Net Worth
as of 7/25/2024
$484 (0.00%)

# 431 Agnete Kirk Thinggaard 

$6.64B

Real Time Net Worth
as of 7/25/2024
$484 (0.00%)
OccupationCo-owner, The Lego Group
Source of WealthLego
Age41
ResidenceBillund, Denmark
Age-Adjusted Net Worth$24.0B
Agnete Kirk Thinggaard
Agnete Kirk Thinggaard
Denmark
Net worth: $6.64B

Self-Made Score 

Wealth History

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Biography

Overview

Agnete Kirk Thinggaard was born on May 18, 1983, in Denmark.
She is the youngest daughter of former Lego CEOs Kjeld Kirk Kristiansen.
Agnete is the granddaughter of Godtfred Kirk Christiansen and the great-granddaughter of the company founder Ole Kirk Christiansen.
Agnete Kirk Thinggaard splits ownership of a 75% stake in Lego with her father, sister, and brother.
She also served on the Lego Foundation's board until 2020 before joining family holding company Kirkbi as a board observer.
The Thinggaard family owns about half of theme park operator Merlin Entertainments, which was taken private with a consortium in 2019.

Sports

Representing Denmark, she competed in dressage at the 2016 Summer Olympics in Rio de Janeiro, finishing 26th in the individual competition and 6th in the team competition.
Kirk Thinggaard competed at two editions of Dressage World Cup finals, achieving 11th place in 2015 and 9th place in 2016.

Lego Family Legacy

Agnete Kirk Thinggaard is a fourth-generation owner of Lego.
Her great-grandfather, Ole Kirk Christiansen, started making wooden toys in 1932 before transitioning to plastic in the 1940s.
The name 'Lego' derives from the Danish phrase 'leg godt,' meaning 'play well.'
Ole Kirk Christiansen's son, Godtfred, spearheaded the development of the interlocking plastic bricks and transitioned the company's focus solely to plastic products.
The family's ownership of Lego extends through generations, with Agnete's father and siblings involved in the company's governance.
Lego has evolved from a small workshop in Billund, Denmark, to a global conglomerate producing construction toys and operating Legoland amusement parks worldwide.

Lego Company History and Financials

Founded in 1932 by Ole Kirk Christiansen, Lego started as a producer of wooden toys before introducing plastic interlocking bricks in 1947.
The company became the world's largest toy company by revenue in the first half of 2015, with sales surpassing $2.1 billion.
Lego faced financial challenges in the early 2000s, reporting deficits and laying off employees, but rebounded with strategic restructuring.
In 2011, Lego's sales grew by 11%, reaching $3.495 billion, driven by the success of new product lines like Ninjago.
By 2012, Lego became the world's most valuable toy company, with a value exceeding $14.6 billion.
In the first half of 2015, Lego reported a turnover of DKr 14,142 million with an 18% increase compared to the same period in 2014.
However, in 2017, Lego announced job cuts of 1,400 following reduced revenue and profit, attributed to increased competition from tech companies and changing consumer habits.
Despite challenges, Lego has maintained its position as a top global brand, featuring in Forbes' Top 100 World's Most Valuable Brands.

How long would it take you to become as rich as Agnete Kirk Thinggaard?

If you started with $10,000 and invested an additional $500 each month at a 44.11% CAGR, it would take you 5 years to reach Agnete Kirk Thinggaard's net worth of $6.64B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 52.22% compared to 16.62% for the S&P 500 benchmark.

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Agnete Kirk Thinggaard is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Agnete Kirk Thinggaard, Lego is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey