Lundberg is chief executive and the largest shareholder of Lundbergs, a publicly traded real estate and investment company. The Stockholm-based business has holdings in real estate company Fastighets L E Lundberg and project developer Skanska, and had revenue of 20.2 billion kronor ($2.3 billion) in 2018.
Fredrik Lundberg's net worth of $5.17B can buy ...
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The majority of Lundberg's fortune is derived from a 42% stake in Lundbergs, the Stockholm-based holding company he inherited from his father in 2001.
He owns 76 million Class A shares and almost 29 million Class B shares, according to the company's 2018 annual report.
The value of his cash investments is based on an analysis of dividends, insider transactions, taxes, charitable contributions and market performance.
Lundberg declined to comment on his net worth.
Fredrik Lundberg was born in 1951 in Norrkoeping, Sweden.
His father, Lars Erik Lundberg, founded L E Lundbergfoeretagen -- or Lundbergs -- in 1944. He was 24 at the time and began building the full-service construction business from his apartment, according to the company's website.
Before joining Lundbergs in 1977, Fredrik Lundberg received a masters degree from the Stockholm School of Economics. He became the company's chief executive officer and president in 1981 and oversaw its admission to the Stockholm Stock Exchange in 1983.
The billionaire is married and lives in Sweden. His daughters, Louise Lindh and Katarina Martinson, sit on the board of directors at Lundbergs.