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Grizzly Bulls’ Billionaires Index

⬅ # 355 Rocco Commisso|# 357 Scott Duncan ➡

# 356 Fredrik Lundberg 

$7.65B

Real Time Net Worth
as of 7/25/2024
$67.6M (0.88%)

# 356 Fredrik Lundberg 

$7.65B

Real Time Net Worth
as of 7/25/2024
$67.6M (0.88%)
OccupationChair and CEO, L.E. Lundbergforetagen
Source of WealthReal Estate, Investments
Age72
ResidenceStockholm, Sweden
Marital StatusMarried
Children2
EducationBS, Stockholm School of Economics
Age-Adjusted Net Worth$3.40B
Fredrik Lundberg
Fredrik Lundberg
Sweden
Net worth: $7.65B

Self-Made Score 

Wealth History

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Biography

Overview

Fredrik Lundberg was born on August 5, 1951, to Lars Erik Lundberg, the founder of L.E. Lundbergforetagen AB.
He took over the management of L.E. Lundbergforetagen AB in 1981, following his father's footsteps.
Lundberg is the CEO and chairman of L.E. Lundbergforetagen AB, which was founded as a construction outfit by his father in 1944.
He inherited a controlling stake in L.E. Lundbergforetagen AB from his father, Lars Erik Lundberg.
Lundberg is ranked as the ninth wealthiest person in Sweden and was listed at number 529 of the richest people in the world by Forbes magazine in 2019.
Fredrik Lundberg has a diverse portfolio of investments through L.E. Lundbergforetagen AB, with significant holdings in various sectors including property management.

Interests and Achievements

Lundberg enjoys hunting and was a one-time unofficial world junior champion of curling.
He is a supporter of IFK Norrköping and has financially supported their endeavors to return to Allsvenskan.
In June 2011, Lundberg received the award Chair of the Year 2011 Årets Ordförande for his work in Cardo AB from Styreinformasjon as in Oslo.

Corporate History and Holdings

L.E. Lundbergforetagen AB, originally a construction company, was founded in 1944 by Lars Erik Lundberg.
The company diversified its operations over the years, expanding into real estate management and other industries.
Fredrik Lundberg took Lundbergforetagen into the public domain in 1983 by listing shares on the Stockholm Stock Exchange.
As of year-end 2023, L.E. Lundbergforetagen AB had a net asset value of SEK 135.1 billion ($12.8 billion) and consolidated net sales of SEK 28.7 billion ($2.7 billion).
In 2024, Fredrik Lundberg stepped down as Chairman of the Board and was succeeded by Louise Lindh.
The company holds significant stakes in prominent firms such as Skanska, Holmen AB, Volvo, and others, exerting influence in Sweden's largest companies.

Investments and Holdings

Lundbergforetagen holds substantial stakes in various companies including Hufvudstaden AB (45.3%), Holmen AB (28%), Cardo AB (41.3%), Industrivärden AB (11.2%), and others.
The company's holdings extend across sectors such as real estate, pulp and paper industry, industrial doors, logistics systems, banking, and high-technology engineering.
Notable holdings include significant voting rights in Hufvudstaden AB (88.1%) and Holmen AB (52%).
Lundbergforetagen's diverse investments contribute to its status as a major player in Sweden's corporate landscape.

How long would it take you to become as rich as Fredrik Lundberg?

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 Fredrik Lundberg's net worth of $7.65B.

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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Fredrik Lundberg 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 Fredrik Lundberg, Real Estate and Investments are the primary sources. 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