Antti Herlin
#1076

Antti Herlin

Finland 69 years old

Overview

Source of Wealth
Elevators, escalators
Industry
Manufacturing
Residence
Kirkkonummi
Marital Status
Married
Children
4

Assets

  • Caverion
    0 shares @ -
    -
    CAV1V-FI
  • Huhtamäki
    350,000 shares @ -
    -
    HUH1V-FI
  • Kemira
    0 shares @ -
    -
    KEMIRA-FI
  • Kone
    44,060,000 shares @ -
    -
    KNEBV-FI
  • Konecranes
    300,000 shares @ -
    -
    KCR-FI
  • Metso
    785,000 shares @ -
    -
    METSO-FI
  • Nokia
    3,900,000 shares @ -
    -
    NOKIA-FI
  • SanomaWSOY
    6,180,000 shares @ -
    -
    SANOMA-FI
  • UPM-Kymmene Oyj
    840,000 shares @ -
    -
    UPM-FI
  • Wartsila
    398,000 shares @ -
    -
    WRT1V-FI
  • YIT Group
    1,917,000 shares @ -
    -
    YIT-FI

Biography

Finland's richest person, Antti Herlin, is chairman of Kone Corporation, the world's third-largest maker of elevators and escalators.

His great-grandfather initially invested in Kone in 1924, and Herlin served as CEO from 1996 to 2006.

Kone's products appear around the world in such places as Shanghai Hongqiao International Airport and Makkah Clock Royal Tower hotel in Saudi Arabia.

During his tenure as CEO, he expanded operations through acquisitions and alliances, and was given control of the firm as reward by his father Pekka.

Herlin holds shares in Finnish media firm Sanoma, owner of Finland's largest newspaper Helsingin Sanomat.

Herlin's son Jussi is Kone's vice chairman, and his daughter Iiris is on the board of directors.

About

After his father's death, 3 of his siblings sued him over his larger stake. The dispute was solved in 2005, leaving the siblings with stakes in spinoff Cargotec.

Kone has taken its R&D underground, In 2017 they expanded the elevator test facilities in Tytyri to reach 350 meters (1150 feet) inside a working limestone mine.