Gustaf Douglas Net Worth $32 Billion
Swedish businessman and politician Gustaf Douglas comes with an estimated net worth of $3.2 billion as of March 2013 according to Forbes. Born Gustaf Archibald Siegwart Douglas on March 3, 1938 in Stockholm, Sweden, he earned his MBA from Harvard Business School in 1964. After his graduation, he started his career as the CEO of papers Dagens Nyheter and Expressen from 1973 to 1980. According to Forbes, Douglas is the 11th richest person in Sweden and 423rd in the whole world with his estimated net worth of $3.2 billion. In 1984, he founded his investment company, AB Latour that is the largest source of his wealth. Currently, it commands the biggest freely traded security company Securitas AB, the leading producer of locks on the planet, Assa Abloy, and also the Swedish maker of light fixtures, Fagerhult AB. Besides his own companies, Gustaf Douglas was once a consultant at Bohlin & Stromberg from 1964 to 1968. He was also the general manager of TV2 between 1968 and 1971. He returned as the CEO of Bohlin & Stromberg from 1971 to 1972. Between 1971 and 1973, Douglas became the chairman of the Investor’s Association. He was the chosen CEO of the Daily News Group and served from 1973 to 1980. Douglas was previously on the board of Sweden’s Moderate Party. He is now interested in education policy and is a member of the Royal Swedish Academy of Engineering Sciences.