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# 494 Jorn Rausing $5.09B

Random fact: Non-executive board member of Tetra Laval since 1991.


Rausing is a beneficiary of a family trust that owns Tetra Laval, the maker of 193 billion milk and juice packages in 2021. The Pully, Switzerland-based company had revenue of 13.8 billion euros ($16.3 billion) in the same year, according to its annual report. He shares the trust with his two siblings, Kirsten and Finn.

As of :
Last change -$35.9M ( -0.7%)
YTD change -$2.28B ( -30.9%)
Biggest asset Tetra Laval
Country / Region Sweden
Age 62
Industry Services
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Jorn Rausing's net worth of $5.09B 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 Rausing's fortune is derived from a stake in closely held Swedish packaging company, Tetra Laval. The company is fully owned by the Rausing family, according to company filings, and he's credited with one-third of the business in this analysis. The family consolidated ownership of the Pully, Switzerland-based business in 1995, when it bought the half of Tetra Laval held by their uncle, Hans Rausing. The company made 193 billion Tetra Pak packages in 2021, according to its annual report.

The price the family paid for Hans Rausing's stake has never been disclosed. For this calculation, the price used is $7 billion, the figure reported by the Financial Times, citing unidentified sources, at the time of the sale.

Tetra Laval, which had 13.8 billion euros ($16.3 billion) in revenue in 2021, according to its annual report, is valued using reported financial results and the average enterprise value-to-sales and price-to-sales multiples of two publicly traded peers: Sonoco Products Co and Crown Holdings Inc.

The value of his cash holdings is based on an analysis of dividends, market performance, insider transactions, taxes and charitable contributions -- including the 1995 purchase of the remaining stake in Tetra Laval.

Rausing also owns about 10% of Ocado Group, a Harfield, UK-based food retailer, according to the company's 2021 annual report.

Jorgen Haglind, a spokesman for Tetra Laval, declined to comment on the net worth calculation.


Birthdate: 2/1/1960
Family: Unknown, No children
Education: Lund University

Jorn Rausing was born in 1960 in Sweden, the youngest of Gad and Birgit Rausing's three children. His paternal grandfather, Ruben Rausing, founded Tetra Pak in 1951, and his father and uncle, Hans Rausing, helped make it into one of the largest packaging companies in the world.

From their base in Sweden, the two brothers oversaw the company's expansion overseas. In 1991, they acquired French dairy-equipment manufacturer DeLaval.

In 1993, Hans stepped down as chairman of the closely held company, which was renamed Tetra Laval the same year. Two years later, Gad purchased Hans's 50 percent stake in the family business for $7 billion, according to reports in the Financial Times at the time of the deal. When Gad died in January 2000, his widow, Jorn's mother Birgit, placed the asset in a trust, whose beneficiaries are Jorn, his brother Finn and sister Kirsten.

Like his father and older brother Finn, Jorn attended Lund University, graduating with a degree in business and economics in 1985. A non-executive board member of Tetra Laval since 1991, he is also the company's head of mergers and acquisitions. He also serves on the board of Ocado, a UK-based online grocery-delivery service, of which he owns an 11 percent stake. He lives in London.

  • 1951 Grandfather Ruben establishes Tetra Pak in Lund, Sweden.
  • 1954 Tetra Pak's first milk packages are made in Stockholm.
  • 1959 Annual production capacity at Tetra Pak hits 1 billion cartons.
  • 1960 Jorn Rausing is born in Sweden, the youngest of three children.
  • 1980 Graduates from Lund University with a business degree.
  • 1983 Ruben Rausing dies at age 88.
  • 1991 Jorn joins the board of directors at Tetra Laval.
  • 1993 Uncle, Hans, steps down as chairman of Tetra Laval.
  • 1995 With father and siblings, buys Hans's Tetra Pak stake for $7 billion.
  • 2003 Invests about $24 million in online grocer Ocado.