Bloomberg Billionaires Index

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# 158 Gustaf Douglas & family $12.3B

Random fact: Stamp collection displayed by London's Royal Philatelic Society.


Douglas controls Investment AB Latour, a publicly traded investment company that had revenue of 18.6 billion Swedish kronor ($2.2 billion) in 2021. His family owns 76% of the Gothenburg, Sweden-based business, whose holdings include security provider Securitas and Assa Abloy, the world's largest lockmaker.

As of :
Last change +$114M ( +0.9%)
YTD change +$1.34B ( +12.2%)
Biggest asset LATOB SS Equity
Country / Region Sweden
Age 85
Industry Diversified
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Gustaf Douglas & family's net worth of $12.3B can buy ...

troy ounces of gold
barrels of crude oil

... and is equivalent to ...

of the GDP of the United States
of the total wealth of the 500 richest people in the world
of the top 100 U.S. college endowments
of the top 200 U.S. executives’ total awarded compensation
of U.S. existing home sales
times the median U.S. household income

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Net Worth Summary

Private asset
Public asset
Misc. liabilities
Confidence rating:

The majority of Douglas's fortune is derived from his family's 76% stake in publicly traded Investment AB Latour, according to the company's 2021 annual report.

Its investments include Assa Abloy, the world's largest lockmaker, according to its website. Douglas is credited with all of the assets because he founded the company.

The value of his cash investments is based on an analysis of dividends, insider transactions, market performance, taxes and charitable contributions.


Family: Married, 2 children

Gustaf Douglas was born in 1938, the son of a Swedish count who was the country's ambassador to Brazil. He completed his MBA at Harvard Business School in 1964 and returned to Sweden.

He established Wasatornet, a family holding company, in 1980. Five years later, he bought control of investment company Hevea, whose stakes included security provider Securitas and engineering firm Trelleborg. Douglas recruited future billionaire Melker Schorling to be Securitas's CEO in 1987, the same year Hevea changed its name to Investment AB Latour.

Securitas sold shares on the Stockholm Stock Exchange in 1991. Latour remains its largest shareholder. The billionaire bought Boxholms Skogar, one of Sweden's largest forest owners, in 1998.

Douglas has been a board member of Sweden's Moderate Party since 2002, and was a prominent figure in their successful 2006 election campaign. He is married and has two sons.

  • 1938 Gustaf Douglas is born, the son of Sweden's ambassador to Brazil.
  • 1964 Graduates from Harvard Business School.
  • 1987 Recruits Melker Schorling to be CEO of Securitas.
  • 1987 Hevea changes its name to Investment AB Latour.
  • 1991 Securitas sells shares in a public offering in Stockholm.
  • 1998 Acquires Boxholms Skogar, one of Sweden's biggest forest owners.
  • 2013 Stamp collection is displayed by London's Royal Philatelic Society.
  • 2015 Sells his shares in business software maker IFS.