Antti Herlin Net Worth, Biography, Career and Achievements

Antti Herlin Net Worth $3.2 billion

Antti Herlin is listed as the only billionaire in Finland. Today, Forbes magazine estimates his net worth at over 3 billion dollars, a fortune that ranks him among the world’s 500 wealthiest people.

He has earned his fortune in the 8.4 billion dollars sales of KONE Corporation, an elevator and escalator manufacturer, fitting, and repair firm based in Finland. Mr. Herlin manages the company that was founded in 1924 by his grandfather.

He was appointed deputy chairman and chief executive officer in 1996 and by the powers vested in him, he has expanded the company’s operations with a series of acquisitions and mergers in addition to technological advancements.

He has maintained the position of chairman at the establishment since 2003 when his father Pekka Herlin died. In 2006, he stepped down from the chief executive officer position to pay more attention to other valuable sectors.

In addition to his roles at KONE, Mr. Antti Herlin also serves as the Chairman of Security Trading Oy and also occupies a seat on the board of the successful Finnish construction firm YIT. He has invested in another booming construction company as well known as Lemminkainen.

His remarkable performances in the business industry have been enough for him to receive numerous accolades, including the Nordic 2012 Chair of the Year award, an honor given to who is identified as the best chairman of a publicly listed company in the Nordic region.

Though his career has been mostly fantastic, Mr. Herlin has faced his own share of controversy like many other popular people in business. He received public attention after he was probed for insider trading in the 2000s.

However, he was found innocent of all the accusations. More details on the life and success story of this businessman can be found below.

Early Life: Childhood, Education

Mr. Antti Herlin, the fourth Chairman of KONE Corp., and the wealthiest man in Finland were born on the 14th of November 1956 in Kirkkonummi, Finland.

He is known to be a well-learned and experienced professional, although there are no records of his educational history or academic qualifications.

Professional Life: Business Career

From the years 1996 until 2006, Mr. Herlin played the role of the chief executive officer at KONE Corporation. During these years, he ambitiously expanded the business operations of the company by making the right alliances with other existing and booming businesses while also completing juicy acquisitions.

Son of the successful Finnish business magnate Pekka Herlin, Mr. Herlin followed his father’s footprints when it came to being a driven, prosperous, and go-getting businessman. Pekka Herlin was once the chairman of the KONE board, a position that is maintained by his son Herlin today.

For almost a decade starting from the year 1996, Herlin served as the chief executive officer of KONE. He ran the company successfully and was pivotal in the business, playing a major role in growing the company’s business operations.

The biggest highlight of his career is probably when he became the chief executive officer of KONE at the young age of 40 and held this title for more than ten years. Since then, he has held the position of chairman and still continues to lead the company from the front toward greatness.

Personal Life: Family, Wife, Children

This 66-year business tycoon is married to Tiina Herlin. They have four children together. Mrs. Herlin is the vice-chairperson of the charity organization established by Mr. Herlin, which he himself heads as chairman.

After the death of his father Pekka Herlin, who bequeathed in his legacy the management of KONE to Herlin, his siblings sued Herlin for his greater stake. Eventually, the dispute was resolved in 2005.

The brothers decided to split the assets in a manner where the main control of KONE still remained in the hands of Herlin, however, he had to relinquish his stake in the spinoff firm Cargotec.

Achievements: Awards & Honors

The KONE Company is known to be one of the world’s largest creators of elevators and escalators. One of the greatest accomplishments made by Herlin was to secure the contract for manufacturing and installing elevators in several world-famous buildings, including Shanghai Hongqiao International Airport and Makkah Clock Royal Tower hotel in Saudi Arabia.

The most recent contract bagged by KONE was to create the world’s tallest lift which was installed in Saudi Arabia the world’s tallest building and is estimated at approximately $1.2 billion.

Antti Herlin Net Worth: Salary, Income Sources, Assets

The Finnish business magnate, Antti Herlin, is currently worth 3.2 billion dollars. He is identified as the only billionaire in the country of Finland, thanks to his control of KONE Corporation, a top-rated company that was founded by his grandfather in the early 1920s.

The company manufactures, installs, distributes, and maintains elevators and escalators. It has grown exponentially over the years with Antti Herlin maintaining different leadership positions within the company, including as chief executive officer and later as chairman.

In addition to his involvement in KONE Corp., another income booster for this man is his involvement with a couple of other companies, including the construction firm YIT, and Security Trading Oy.