#2203

Ilona Herlin

Finland 61 years old

Overview

Source of Wealth
Elevators, escalators
Industry
Manufacturing
Residence
Helsinki
Marital Status
Married

Assets

  • Cargotec Oyj
    6,940,000 shares @ -
    -
    HIAB-FI
  • Kone
    17,272,000 shares @ -
    -
    KNEBV-FI

Biography

Ilona Herlin is the great-granddaughter of Finnish business leader Harald Herlin, who invested in Kone Elevators in 1924.

After her father's death in 2003, Ilona and her siblings discovered the will had been rewritten leaving most of the ownership in Kone to brother Antti

Angered that they had never been informed, the siblings battled for control. The dispute ended in 2005, with Kone being split in two.

Antti maintained control over the elevator business while his siblings were given stakes in Cargotec, producer of machinery for heavy duty ship cargo.

Niklas, one of the siblings, passed away in 2017. Three of the siblings are billionaires.

About

Ilona is a linguist by training and an associate professor at Helsinki University.

Her research, leading to calls for a simplification of the Finnish language, has sparked debate in academia.