⬅ # 443 Sofie Kirk Kristiansen|# 445 Michael Milken

# 444 Thomas Kirk Kristiansen 

$6.55B

Real Time Net Worth
as of 5/27/2024
-$322 (-0.00%)

# 444 Thomas Kirk Kristiansen 

$6.55B

Real Time Net Worth
as of 5/27/2024
-$322 (-0.00%)
OccupationCo-owner and Chair, The Lego Group; Chair, Kirkbi
Source of WealthLego
Age45
ResidenceBillund, Denmark
Age-Adjusted Net Worth$18.1B
Thomas Kirk Kristiansen
Thomas Kirk Kristiansen
Denmark
Net worth: $6.55B

Self-Made Score 

Wealth History

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Biography

Early Life and Inheritance

Thomas Kirk Kristiansen was born on February 18, 1979, in Denmark.
He is a fourth-generation owner of The Lego Group, succeeding his father, Kjeld Kirk Kristiansen, as deputy chairman of the board in 2016.
Together with his father and two sisters, Agnete and Sofie, they split ownership of a 75% stake in The Lego Group, valued at $8 billion in sales.
His great-grandfather, Ole Kirk Kristiansen, founded The Lego Group in 1932, initially making wooden toys before transitioning to plastic in the 1940s.
The Kristiansen family owns about half of Merlin Entertainments, a theme park operator, acquired in a consortium deal in 2019.

Career

Thomas Kristiansen became chairman of the board of directors of The Lego Group in 2020, taking an active role in managing the company.
On May 1, 2023, he inherited the title of Chairman of Kirkbi A/S and The Lego Group from his father, Kjeld.
Thomas also serves as chairman of the Lego Foundation, focusing on children's education and development.

Kirkbi A/S and Investments

Kirkbi A/S is a Danish investment management company and family office headquartered in Billund, Denmark, overseeing the Kristiansen family's wealth.
Established on April 1, 1995, Kirkbi primarily safeguards the Lego brand and manages the family's fortune.
It owns 75% of The Lego Group and 47.5% of Merlin Entertainments.
Kirkbi's investment portfolio includes core capital investments in real estate, equity, and fixed income assets, along with thematic capital focused on renewable energy.
Key investments in its portfolio include Armacell, Falck, ISS A/S, Nilfisk, and financing the Lego campus as the headquarters of The Lego Group.
In 2019, Kirkbi, along with Blackstone Inc. and CPP Investment Board, privatized Merlin Entertainments for $7.6 billion, increasing its ownership stake to nearly 50%.

Succession and Family Ownership

Thomas Kirk Kristiansen succeeded his father, Kjeld, in various leadership roles within The Lego Group and Kirkbi, including deputy chairman and chairman.
On May 1, 2023, he officially assumed the title of Chairman of Kirkbi A/S and The Lego Group.
Ownership of Kirkbi A/S is passed down through generations, with each generation having an active owner; Thomas represents the fourth generation.
After the passing of Kjeld, ownership of Kirkbi A/S will be divided among Thomas and his two sisters, with each inheriting around 25%.
In December 2023, Sofie Kristiansen sold 4 million shares in Kirkbi for $930 million.
The Kristiansen family retains a significant ownership stake in The Lego Group, ensuring continuity of family control and involvement in the company's management.

Personal Life

He is married to Signe Kirk Kristiansen, a tournament rider, and they have a daughter.

How long would it take you to become as rich as Thomas Kirk Kristiansen?

If you started with $10,000 and invested an additional $500 each month at a 44.02% CAGR, it would take you 5 years to reach Thomas Kirk Kristiansen's net worth of $6.55B.

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 42.57% compared to 11.75% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Thomas Kirk Kristiansen 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 Thomas Kirk Kristiansen, 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