Entrepreneurs
Elon Musk Net Worth

What is Elon Musk’s net worth?
Net Worth: | $180 Billion |
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Age: | 51 |
Born: | June 28, 1971 |
Gender: | Male |
Height: | 1.88 m (6 ft 2 in) |
Country of Origin: | South Africa |
Source of Wealth: | Entrepreneur/Investor |
Last Updated: | March 8, 2023 |
As of December 2023, Elon Musk’s net worth is estimated at $180 Billion.
Elon Musk is a South African-born Canadian American business magnate, investor, engineer, and inventor.
Musk has been a part of many successful startups; he’s the founder, CEO, and CTO of SpaceX; CEO of Tesla Inc.; co-chairman of OpenAI; founder and CEO of Neuralink.
Most people will know that Elon’s original success came from founding PayPal, now one of the most commonly used payment gateways on the internet.
In the Bloomberg Billionaires Index, he is the second world’s richest person (with the richest person in the world being Bernard Arnault, as of February 2023).
Key Facts
- Elon Musk was born on the 28th of June, 1971 in Pretoria, South Africa.
- He learnt programming by himself when he was just 12 years old.
- He got his bachelor’s degrees in economics and physics at the University of Pennsylvania.
- He started studying at Stanford University but dropped out just after two days and started a business with his younger brother Kimbal.
- His first co-owned company was Zip2, a web software company aimed at the newspaper industry.
- After he sold Zip2, Musk engaged in the e-mail payment business and founded X.com, which was later merged with Confinity and became a well-known online payment service – PayPal.
- He founded SpaceX (a spacecraft manufacturing company) and Solar City (a solar energy generation systems company).
- In February 2004, investing $6.5 million, he became the majority shareholder of Tesla (automotive, artificial intelligence, and clean energy company). He has served as CEO there since 2008.
- At Tesla AI Day 2022, Musk revealed they were working on a humanoid robot.
- Musk announced himself as a “free speech absolutist”, as he is against any censorship.
Early Life
Elon Musk was born in Pretoria, South Africa, on the 28th of June, 1971. Musk’s family is multicultural – his mother was a model from Canada, and his father is an electromechanical engineer from South Africa. Musk has two younger siblings, Kimbal (a restaurateur, chef and entrepreneur who owns The Kitchen Restaurant Group) and Tosca.
At just 10 years old, Elon found his passion for computers. He taught himself computer programming at 12 years old; and created a video game called Blastar, which he sold to a magazine called PC and Office Technology, for approximately $500.
Career
After dropping out of Stanford University to pursue entrepreneurship, Elon, along with his brother Kimbal, founded Zip2.
Zip2 was a web software company, which developed and marketed an Internet “city guide” for the newspaper publishing industry. The company received contracts with the likes of the Chicago Tribune and The New York Times, and was eventually sold to Compaq for $307 million.
With $22 million now in his pocket from the sale of Zip2, Musk founded X.com, an E-Mail payment company. This later became the notorious PayPal, when X.com merged with Confinity.
PayPal became the biggest online payment transfer company, and was acquired by eBay for $1.5 billion in stock. Musk’s fortune was now $165 million higher.
It was at this time that Elon Musk began to pursue his passion for changing and advancing the world for the better, investing in Tesla, and founding SpaceX and Solar City.
The success of these three companies is growing month by month, and is responsible for Musk’s sudden jump in net worth.
SpaceX is advancing space technology, and strives to reduce the cost of human spaceflight by a factor of 10.
Tesla is focused on solving the fossil fuels crisis in the automobile industry, by developing affordable and stylish electric vehicles that are safer for the planet.
Solar City is the 2nd largest provider of solar power systems in the United States.
As of 2023, Elon Musk’s net worth is estimated to be $180 Billion.
How Does Elon Musk Spend His Money?
Musk’s fortune is really impressive, as he was one of the most significant Tesla investors and is now its CEO, as well as the owner of other prospering companies. He is the second richest person in the world now, so he has lots of possibilities to spend money on whatever he wants.
However, he is not the type of person who would spend his wealth on expensive hobbies or all-inclusive vacations all the time. He prefers to work at the office or visit his factories. However, at the end of the day, he returns to one of his four mansions in Los Angeles. He has recently bought a fifth property – a $24 million unfinished estate.
As a carmaker, Musk is passionate about vehicles. At an auction in 2013, he bought the Lotus Espirit submarine car used in a James Bond movie for $920,000. Apart from Tesla cars, he has two gas-powered vehicles – a Jaguar E-Type Series 1 Roadster and a Ford Model T.
As the second richest man in the world, he obviously has his own planes as well. In November 2022, he bought a luxurious private jet with two Rolls-Royce engines, 5 living areas and 20 windows for $78 million.
Highlights
Here are some of the best highlights of Elon Musk’s career:
- Moved to Silicon Valley (1995)
- Sells Zip2 to Compaq for $307 million (1999)
- Creates X.com, which later becomes PayPal (1999)
- eBay acquires PayPal for $1.5 billion (2002)
- Becomes an American citizen (2002)
- Founds SpaceX9 (2002)
- Becomes CEO of Tesla (2008)
- Tesla Begin Deliveries of the All-Electric Model S (2012)
- The Model X Launch (2015)
- Tesla Merged with SolarCity (2016)
- The Model 3 Arrives (2017)
- The SpaceX Falcon Heavy Rocket Launches (2018)
Favorite Elon Musk Quotes
“Some people don’t like change, but you need to embrace change if the alternative is disaster.” – Elon Musk
“I think it’s very important to have a feedback loop, where you’re constantly thinking about what you’ve done and how you could be doing it better. I think that’s the single best piece of advice: constantly think about how you could be doing things better and questioning yourself.” – Elon Musk
“When something is important enough, you do it even if the odds are not in your favor.” – Elon Musk
“Patience is a virtue, and I’m learning patience. It’s a tough lesson.” – Elon Musk
View our larger collection of the best Elon Musk quotes!
3 Success Lessons from Elon Musk
Here are 3 success lessons we can all learn from Elon Musk:
1. Don’t Be Afraid to Put Yourself in Uncomfortable Situations
Elon has previously explained that after the sale of PayPal; he invested almost all of the money he received into other companies. He took an incredible risk and could have easily lost all the personal fortune he worked so hard to attain in the first place.
However, Musk had a vision, and that’s why he wasn’t afraid to take the risk. We all know how well it’s paid off for him, considering that 15 years later he’s worth more than 100 times the amount he received from PayPal.
“My proceeds from the PayPal acquisition were $180 million. I put $100 million in SpaceX, $70m in Tesla, and $10m in Solar City. I had to borrow money for rent.” – Elon Musk
2. Focus On Building Amazing Products
Elon Musk = Amazing products.
PayPal, Tesla, SpaceX, Solar City – they all have the main focus of being the best solution out there for each individual market they target. Hence, they’ve become so successful because the said focus has controlled just how good the end product is.
The reality is that if your end product isn’t good enough, nothing else you do will help you achieve the same level of success.
3. Follow the End Vision
Musk is changing the world; with space and automobile technology, revolutionising the world as we know it. He wants to, and is making a difference.
This is his vision, his aim, and he directed all of his energy towards it once he had the money to do so. You should always follow your vision, and no one else’s.
Frequently Asked Questions
How much is Elon Musk worth?
Elon Musk’s net worth is estimated to be $180 Billion.
How old is Elon Musk?
Elon Musk was born on June 28, 1971, and is currently 52 years old.
How tall is Elon Musk?
Elon Musk’s height is 1.88 m, which is equal to 6 ft 2 in.
Did Elon Musk buy Twitter?
Yes, he managed to buy Twitter, completing the deal on the 28th of October, 2022. Musk paid $44 billion to become the owner of Twitter.
Was Musk sued?
Yes, the shareholders sued Musk, Tesla and Tesla directors for a post on Twitter saying that Musk was thinking about taking Tesla private.
Has been Musk’s fortune ever used to support a charity?
Yes – the most prominent example happened last year when Musk gave $1.9 billion worth of Tesla shares to charity. The name of the charity that received such impressive support was not revealed.
Summary
Elon Musk is a man who takes risks to increase his wealth. Even after a huge payout from PayPal, he invested virtually all of that money into the likes of SpaceX and Tesla to make his vision a reality.
Elon Musk’s net worth is estimated at $198 Billion, and with his current companies being all about the future, this number is surely only going to earn more and more money.
What do you think about Elon Musk’s net worth? Leave a comment below.
Entrepreneurs
Tim Ferriss Net Worth

What is Tim Ferriss’ net worth?
Net Worth: | $50 Million |
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Age: | 46 |
Born: | July 20, 1977 |
Gender: | Male |
Height: | 1.75 m (5 ft 9 in) |
Country of Origin: | United States of America |
Source of Wealth: | Entrepreneur/Author |
Last Updated: | December 5, 2023 |
Introduction
As of December 2023, Tim Ferriss’ net worth is roughly $50 Million.
Tim Ferris is a well-known American author and entrepreneur who has been dedicated to writing books and guides for self-improvement, productivity and life-optimization.
Some of his books have been featured in the New York Times, USA Today, and Wall Street Journal.
Throughout the years of his career, he has provided services to multimillion-dollar companies such as Facebook, Evernote, Uber, and Twitter.
Early Life
Tim Ferriss was born in East Hampton, New York on July 20, 1977.
He attended St. Paul’s School in Concord and later received a degree in West Asian Studies from Princeton University in 2000.
After graduating he got a job as a sales worker for a data storage company as he continued to maintain his own website on the side.
Career
After earning an East Asian studies major at Princeton University, Tim Ferris entered the corporate world as the founder of the nutrition supplements company, BrainQUICKEN.
Working over 80 hours each week to get the company up and running, he quickly revised his outlook on life and professional activities to pursue other passions.
After renaming BrainQUICKEN to BodyQUICK, Ferris sold the company to a private equity firm in 2010 and worked as an angel investor and business consultant.
In addition to providing seed money to the hugely successful company Uber, he assisted TaskRabbit, Reputation.com, and Trippy with financial support and advice.
Ferris was also a key player in the foundation of the shipping company Shyp, raising nearly $1 million in funds in 2013 through his AngelList-based investment syndicate.
The 4-Hour Book Series
In 2007, Ferris entered the world of motivational books, exemplified by the likes of Tony Robbins, with the launch of The 4-Hour Workweek, influenced by his entrepreneurial life.
The book outlines a range of techniques to help the reader manage their time so they can work in a focused manner and free up time and money for personal activities.
Ferris followed up The 4-Hour Workweek with The 4-Hour Body, advocating a “slow-carb diet” based on simple regular meals excluding starch and artificial sweeteners.
In addition to a hugely successful updated edition of The 4-Hour Workweek, Ferris rounded off the series of books with The 4-Hour Chef in 2012.
The book takes another look at the self-help world through the lens of cookery, with practical tips and recipes used to illustrate methods for accelerated learning.
Tim Ferris Publishing
In addition to writing a series of successful motivational books, Ferris also helped other creatives reach a broader audience through Tim Ferris Publishing, founded in 2013.
Primarily focusing on audiobooks, the company published works including Vagabonding by Rolf Potts and books by Ryan Holiday, Ego is the Enemy and The Obstacle is the Way.
The books continued the themes of self-exploration and lifestyle improvement that characterized Ferris’s own published works while encouraging readers to explore the world.
Receiving widespread critical acclaim, they further enhanced Ferris’s reputation as a producer of some of the best books for entrepreneurs and innovative thinkers.
The Tim Ferris Show Podcast
In 2014, Tim Ferris began his regular podcast, The Tim Ferris Show, which saw him interviewing a long list of the best motivational speakers and successful entrepreneurs.
In addition to guests in this field of interest, Ferris also interviewed a range of notable influencers from the world of sports and entertainment to gain their insights.
This includes Hollywood stars such as Jamie Foxx and Arnold Schwarzenegger, who has made several appearances to discuss his approach to mental and physical health.
Comedians including Bill Burr and Kevin Hart have also appeared as guests on the Tim Ferris Show to share their unique insights into their creative process and fame.
The Tim Ferris Show has also featured guests discussing serious topics, exploring everything from the dangers of artificial intelligence to financial management during a crisis.
It’s an ongoing project that continues to bring in the best and brightest minds for long-form discussions tailored to successful entrepreneurs and free-thinkers.
Psychedelic & Consciousness Research
In addition to his media output, Tim Ferris has worked closely with the Center for Psychedelic and Consciousness Research at Johns Hopkins University.
Joining influencers such as Joe Rogan, Ferris has invested over $2 million of his own money into research to help people suffering from bipolar disorder.
His interest in researching the benefits of psychedelics reflects his personal experiences in this domain, as well as the loss of a friend due to a fentanyl overdose.
Tim Ferris has associated this passion with his belief in meditation and Stoicism and delivered a TED Talk in 2017 exploring the need to define fears instead of goals.
Tim Ferriss Net Worth
As of December 2023, Tim Ferriss’ net worth is $50 Million.
Highlights
Here are some of the best highlights of Tim Ferriss’ career:
- The 4-Hour Workweek (2007)
- The 4-Hour Body (2010)
- The 4-Hour Chef (2012)
- The 4-Hour Work Week…in 30 minutes (2012)
- The Tim Ferriss Show (2014)
- Tools of Titans (2016)
- Tribe of Mentors (2017)
Favorite Quotes from Tim Ferriss
“If you don’t have time, the truth is, you don’t have priorities. Think harder; don’t work harder.” – Tim Ferriss
“It isn’t enough to think outside the box. Thinking is passive. Get used to acting outside the box.” – Tim Ferriss
“What we fear doing most is usually what we most need to do.” – Tim Ferriss
“Do not overestimate the competition and underestimate yourself. You are better than you think.” – Tim Ferriss
View our larger collection of the best Tim Ferriss quotes!
3 Rules for Success by Tim Ferriss
Now that you know all about Tim Ferriss’ net worth, and how he achieved success; let’s take a look at some of the lessons we can learn from him:
1. Take action and make things happen
It’s not enough to say and think about what you want and need in your life. You have to get up and start making things happen for yourself so that you can start seeing results. The sooner you make things happen the sooner you can reap the benefits.
2. Face your fears
What would you do if you feared nothing? Do that. You can’t live your life constantly fearing that something will go wrong because that is no way to live. You are capable of doing anything and once you’ve faced your fears they won’t seem as bad as you made them out to be.
3. “You are better than you think.”
Don’t talk yourself down or underestimate yourself. You are capable of doing as much as anyone else and you should embrace who you are and uplift yourself because you are better than you think.
Frequently Asked Questions
How much is Tim Ferriss worth?
Tim Ferriss’ net worth is estimated to be $50 Million.
How old is Tim Ferriss?
Tim Ferriss was born on July 20, 1977, and is currently 46 years old.
How tall is Tim Ferriss?
Tim Ferriss’ height is 1.75 m, which is equal to 5 ft 9 in.
Summary
Tim Ferris is a well-known and very successful author and entrepreneur who has made a name for himself through his best-selling books and his work with some of the biggest online empires in the world.
As of December 2023, Tim Ferriss’ net worth is around $50 Million.
What do you think about Tim Ferriss’ net worth? Leave a comment below.
Entrepreneurs
Ryan Friedlinghaus Net Worth

What is Ryan Friedlinghaus’ net worth?
Net Worth: | $15 Million |
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Age: | 48 |
Born: | April 22, 1975 |
Gender: | Male |
Height: | 1.70 m (5 ft 7 in) |
Country of Origin: | United States of America |
Source of Wealth: | Founder of West Coast Customs |
Last Updated: | December 5, 2023 |
Introduction
As of December 2023, Ryan Friedlinghaus’ net worth is estimated to be around $15 Million.
The CEO of West Coast Customs, Ryan Friedlinghaus, built his business from scratch starting with just a $5000 loan from his grandfather and a dream to build the world’s best custom cars.
He truly has taken his business to the top, building some of the coolest customized cars possible; many of them being for celebrities including Justin Bieber, Chris Brown, Tyga, and Shaq.
Early Life
Ryan Friedlinghaus was born on April 22, 1975, in Los Angeles, California, USA
Before he became the CEO and co-founder of West Coast Customs, Ryan Friedlinghaus grew up with a passion for bikes and cars.
Although he started working on his friends’ skateboards and bikes, as soon as he was old enough, he started working on automobiles.
His first real project was his pre-owned Mazda truck, which he made various modifications to all on his own.
While there is little information about his education or formal training, we do know that there is no denying he has serious skills when it comes to pimping rides!
Career
Starting His Own Company
An ambitious individual, it didn’t take long for Friedlinghaus to get started on his own company revolving around car modifications.
When he was only 18 years old, he started West Coast Customs with a loan of $5,000 from his grandfather to kick things off.
Fortunately, his grandfather believed in him enough to kick-start his passion because once his business started, it never stopped growing.
Opened in 1994, West Coast Customs quickly became the go-to spot for celebrities who want to customize their luxury cars.
Ten years after launching his company, it earned him his first television appearance on the hit MTV show Pimp My Ride.
Aired in 2004, this show saw the likes of Sean Combs and Shaquille O’Neal head to West Coast Customs to get their rides upgraded.
Earning TV Deals
Ryan Friedlinghaus’s time on Pimp My Ride helped elevate his company to become a well-known business that was sought-after by celebs.
Not only that, but he was a staple on the show until 2007, after which he immediately received new offers to star in other television shows.
While Friedlinghaus could have his pick of shows to appear on, he chose the show Street Customs, which aired simultaneously on Discovery and TLC.
Having his business shown on these networks only helped his business expand further as he cemented his place in the automotive industry.
Although the show was different, the format was very similar to that of Pimp My Ride, and it revolved around Ryan building cars for celebs.
While he worked on luxury classics like a 1958 Corvette, he also was tasked with making some out-of-the-box cars, such as one based on Mad Max.
As time went on, the show gradually shifted away from celebs and more towards everyday customers who visited his shop.
That said, celebs were still regular clients, including big names like Kylie Jenner, Sylvester Stallone, and Justin Bieber.
During its 2009 season, Street Customs was renamed Inside West Coast Customs, and it moved to Discovery HD Theater and the automotive channel Velocity.
The name was later changed again in 2013 when the Fox Sports Network took it over, dropping the “Inside” from future seasons.
The show continued to be produced by Fox until 2017, when it was taken over by Velocity for the 2017 and 2018 seasons.
Roller Coasters and Franchises
Following the success of Ryan Friedlinghaus and West Coast Customs, Six Flags Magic Mountain announced a collaboration in 2018.
Named West Coast Racers, this towering roller coaster was designed partly by West Coast Customs and boasts some record-breaking features.
Not only was it the first racing coaster to have side-by-side tracks, but it was even built with an immersive “pit stop” feature.
Alongside this, Friedlinghaus has been able to open two notable franchises, one in Dubai and another in Shanghai.
The Dubai franchise was first announced in 2007 and continues to operate today using the West Coast Customs trademark.
Meanwhile, the Shanghai franchise opened in 2016 and was met with substantial news coverage from the Chinese media.
West Coast Customs Academy
Thanks to his unprecedented success in the auto industry, Ryan Friedlinghaus has turned his attention to helping young people succeed like he did.
To do this, he partnered with Burbank Unified School District and founded the West Coast Customs Academy.
His goal with these classes is to introduce young people to the industry and give them the skills they need to start their own careers.
This includes giving them access to a state-of-the-art facility geared towards teaching students an array of automotive disciplines.
While the program was only in its infancy in 2022, it is starting to get off the ground, with dozens of students applying every semester.
It’s nice to see someone as successful as Ryan Friedlinghaus using his position to help lift others!
Ryan Friedlinhaus Net Worth
As of December 2023, Ryan Friedlinghaus’ net worth is estimated to be around $15 Million.
3 Success Lessons From Ryan Friedlinghaus
Ryan’s estimated net worth is now around $15 Million, which is a very impressive achievement, especially considering the little amount he had to get started.
As a big fan of his work, I’ve watched nearly all the episodes of his TV show ‘Custom My Ride’, or ‘Street Customs’ if you live in the US.
I couldn’t help but notice several traits Ryan has that make him such a successful entrepreneur…
1. When There’s A Will, There’s A Way
Building custom rides isn’t an easy task at all, especially when every car and build is different, which means you need to be able to adapt fairly quickly to things. Whether Ryan wants to include something special in his builds or the customer wants it, no matter how difficult it is he will always find a way to do it.
From what I can see, there have been a lot of ‘close call’ projects, where the team has struggled with various modifications to work on certain cars.
But all credit to Ryan and his team, as they’ll always find a way to complete the task at hand. This is definitely the most noticeable thing when watching ‘Custom My Ride’.
When Ryan sets his mind to something he will always find a way to get the job done, and that’s a crucial factor when running a business.
2. Attention to Detail
You’ll often see Ryan walk around the shop floor and point out various problems or mistakes that his team members have made, or even things that he just doesn’t like the look of.
He’s very particular in his designs and pays great attention to detail in anything and everything he does.
Good examples of when he’s pointed the tiniest of dislikes out, are the stitching on the cars interior, the fitting of body kits down to the last millimeter, and small graphics on the paint jobs, such as logos.
3. A Pure Passion for Cars
A lot of the time, the founders of large businesses will end up living in their office during business hours, and not be getting involved in the passion they once had for the work their team now carries out.
Ryan appears to be very different in this way, as even though he has a lot of paperwork, meetings etc. to get through, he still plays the main role in coming up with the ideas for the builds, as well as getting involved now and again on the shop floor.
It’s very rare for this to be the case in such a big business, and the fact that Ryan still does a little welding and painting with his team here and there is good, because it shows his continued passion for his work and that he has a very good relationship with his employees.
Frequently Asked Questions
How much is Ryan Friedlinghaus worth?
Ryan Friedlinghaus’ net worth is estimated to be $15 Million.
How old is Ryan Friedlinghaus?
Ryan Friedlinghaus was born on April 22, 1975, and is currently 48 years old.
How tall is Ryan Friedlinghaus?
Ryan Friedlinghaus’ height is 1.70 m, which is equal to 5 ft 7 in.
Summary
Ryan Friedlinghaus has built the coolest custom car company in the world.
The imagination and creativity he’s brought to West Coast Customs has made them stand out above anyone else in the business.
As of December 2023, Ryan Friedlinghaus’ net worth is estimated to be $15 Million.
What do you think about Ryan Friedlinghaus’ net worth? Leave a comment below.
Entrepreneurs
Kirsten Rausing Net Worth

What is Kirsten Rausing’s net worth?
Net Worth: | $7.9 Billion |
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Age: | 71 |
Born: | June 6, 1952 |
Gender: | Female |
Height: | Unknown |
Country of Origin: | Sweden |
Source of Wealth: | Entrepreneur |
Last Updated: | November 16, 2023 |
Introduction
Kirsten Rausing is the granddaughter of Dr Ruben Rausing who invented the tetra pak concept of storing liquids in cartons instead of glass bottles.
Her father consolidated the family’s shareholding in the company in the 1990s with the result that Kirsten and her brothers became fabulously wealthy.
Here’s a look into her life as the 220th-ranked billionaire on the 2023 Forbes Billionaires list, and how she came to be so rich.
As of December 2023, Kirsten Rausing’s net worth is estimated to be $7.9 Billion.
Kirsten Rausing Facts
- Kirsten Rausing is a billionaire ranked at number 220 on the Forbes Billionaires list for 2023
- She owns one-third of the packaging company TetraLaval
- Kirsten Rausing retired from the board in January 2023, leaving her brothers, Finn and Jörn, in charge.
- Her grandfather, Dr. Ruben Rausing, founded liquid food packaging company Tetra Pak in 1951
- Kirsten’s father purchased her uncle’s share of the business in 1995 for $7 billion
Early Life
Kirsten Rausing was born on 6 June 1952, in Lund, Sweden, the eldest child of Swedish industrialist Gad Rausing and his wife Birgit.
Due to the inventive skills of her grandfather, Kirsten grew up in the lap of luxury, enjoying the benefits of the Tetra Pak fortune.
Following a decision by her father to consolidate his shareholding, he bought out his brother’s share in Tetra Pak in 1995, becoming the sole owner.
She once told a journalist that she read Dick Francis and Agatha Christie novels, developing her English language skills through osmosis.
While at school, she competed in eventing but was unable to afford the top Swedish horses, so instead purchased ex-racehorses that were past their prime.
Although these may have seemed like the most expensive pets in the world, they were the start of an international career.
It was as a teenager that she developed an interest in pedigrees, consulting her grandfather who bred gun dogs, dairy cattle, and finally horses.
When her grandfather relocated to Italy, Kirsten ran the stud farm with 18 mares and a stallion while at school and through her university education.
Career
She left Sweden to run a stud farm in Ireland, but after arriving in Ireland in her converted Dakota, she encountered Capt Tim Rogers.
He wanted nothing to do with her but came around after she proved that she knew almost as much as him about his horses’ pedigrees.
Kirsten ended up running Baroda Stud for Rogers, learning as she went after being put in charge of 14 men whose accents she couldn’t understand.
Buying Her Own Stud
After she received her inheritance, she looked around for opportunities to open her own stud, settling on Lanwades Stud, in Newmarket.
She used part of her inheritance to finance the deal, with the rest of the money being put up by the bank with stud as collateral.
Her first stallion, Niniski made her name in the equestrian world and led to her buying St Simon Stud as well as Staffordstown in Ireland.
Directorship of TetraPak
By the time she was 28, Kirsten was running her own business and it was only five later that she was made alternate director of TetraPak in 1985.
She worked hard to keep up with both her stud and TetraPak and was rewarded with a non-executive directorship in the company in 1991.
Kirsten Rausing continued to play a role in the aseptic packaging technology company as a director alongside her brother Jorn and Finn Rausing, until 2023.
In January 2023, she announced that after more than 35 years on the board, she was stepping down and retiring from the business.
While she is extremely wealthy, Kirsten’s net worth doesn’t come close to Alice Walton or MacKensie Scott, Geoff Bezos’ wife.
International Breeders Appointments
In addition to her directorship of the packaging company, Rausing was also appointed as the Honourable President of the European Federation of Thoroughbred Breeders’ Associations.
She is also a past Chairperson of the Thoroughbred Breeders Association of Great Britain and Trustee of the Racing Foundation (UK) from 2012 to 2017.
Kirsten Rausing’s Career Earnings
The Racing Foundation handles the proceeds of the British Government’s sale of the Totalisator Board, something that’s close to Rausing’s heart.
She is concerned with the future of the sport as well as the continued viability and health of the breeding horses on the British Isles.
Here’s an estimated overview of Kirsten Rausing’s career earnings:
- Kirsten Rausing’s Salary In 2014 – $40 Million
- Kirsten Rausing’s Salary In 2015 – $45 Million
- Kirsten Rausing’s Salary In 2016 – $50 Million
- Kirsten Rausing’s Salary In 2017 – $65 Million
- Kirsten Rausing’s Salary In 2018 – $60 Million
- Kirsten Rausing’s Salary In 2019 – $75 Million
- Kirsten Rausing’s Salary In 2020 – $78 Million
- Kirsten Rausing’s Salary In 2021 – $80 Million
- Kirsten Rausing’s Salary In 2022 – $65 Million
- Kirsten Rausing’s Salary In 2023 – $50 Million
As a long-standing member of the Jockey Club and a former director of The National Stud, Kirsten has an insider’s understanding of British racing.
She also became a Director of the British Bloodstock Agency as well as being appointed the Chairman of the International Thoroughbred Breeders’ Federation.
Kirsten Rausing’s Net Worth Annually
Her membership and experience leading the Breeders’ Federation, with at least 40 member states, ensure that high breeding standards are always maintained.
Rausing’s appointment as director of the British Bloodstock Agency, which buys and sells racehorses for wealthy clients, was also a popular decision.
Here’s a breakdown of Kirsten Rausing’s annual net worth:
- Kirsten Rausing’s net worth In 2014 – $5 Billion
- Kirsten Rausing’s net worth In 2015 – $5.1 Billion
- Kirsten Rausing’s net worth In 2016 – $5.5 Billion
- Kirsten Rausing’s net worth In 2017 – $6 Billion
- Kirsten Rausing’s net worth In 2018 – $6.6 Billion
- Kirsten Rausing’s net worth In 2019 – $7.9 Billion
- Kirsten Rausing’s net worth In 2020 – $9.1 Billion
- Kirsten Rausing’s net worth In 2021 – $13.9 Billion
- Kirsten Rausing’s net worth In 2022 – $9.8 Billion
- Kirsten Rausing’s net worth In 2023 – $7.9 Billion
Aside from her financial interest in TetraPak, Kirsten along with her brothers, also holds a 20% stake in International Flavors & Fragrances.
This was revealed by Reuters in 2018 when it came to light that Kirsten and her brothers had acquired their stake over the previous 2 years.
Personal Life
While running her horse breeding business and serving as a director of TetraLaval, Rausing lived in the UK, seldom returning to Sweden.
She used her substantial wealth to found the Alborada Trust, which supports various charitable causes, especially in the field of medicine and education.
Rausing has focussed her entire life on her horses and grandfather’s company, never marrying nor having children of her own to maintain her legacy.
Kirsten followed a similar path to the wealthy US entrepreneur, Teresa Heinz Kerry, who used her money to support her political views.
She has involved herself in politics to the extent of supporting the Conservative Party as one of their donors but never desired the political limelight herself.
Rausing is held in high regard by her community, being appointed as a Deputy Lieutenant for the County of Suffolk.
Awards & Achievements
Rausing and her brothers control a company called, the “Haldor Foundation” located in Liechtenstein, which owns Winder Investment Pte Ltd.
From 2016 to 2018, Winder Investment Pte Ltd bought $2.54 billion worth of IFF stock, giving them the largest stake in IFF.
Here are some of the finest moments from Kirsten Rausing’s career:
- In 2016 Rausing was appointed as a Deputy Lieutenant for the County of Suffolk.
- She’s won the Qatar Prix de l’Arc de Triomphe and the Cazoo St Leger.
- In 2020, Forbes Wealth Ranking listed her as the 150th richest individual in the world.
- The Sunday Times Rich List 2021 ranked her 7th among the wealthiest people in the UK.
- In 1974, Rausing received her degree in Business Administration from the Lund University School of Economics and Management.
IFF is a New York-based company, selling scents and flavors to a worldwide clientele in the perfume, detergent, cold drink, and frozen foods sectors.
The company, which was started in the 1880s, is expected to do a turnover of around $11.5 billion in 2023.
How Does Kirsten Rausing Spend Her Money?
While she owns some of the most expensive cars in the world, her main focus is on owning the very best horseflesh available anywhere in the world.
But, first and foremost, Kirsten Rausing is an extraordinarily successful investor and Swedish businesswoman, with an eye for detail and winning deals.
She didn’t squander her inheritance but rather turned it into a massive fortune through investments in growth businesses and canny management decisions.
She also lives in some of the most expensive houses in the world, traveling to her palatial homes around the world in private jets.
Highlights
She used the prize money she won from running Alborada, her winning Champion Stakes horse, to set up the Alborada Trust.
This trust provides charitable funding for medical and veterinary research across the globe, having coughed up over $45 million to date.
Here are some highlights from Kirsten Rausing’s career:
- Kirsten Rausing acquired one-third ownership of TetraLaval, a company started in 1951.
- In 2023, Kirsten was ranked #220 on the Forbes Billionaires list, down from the previous year.
- Kirsten’s father, Gad, acquired her uncle Hans’ shares in TetraLaval, in 1995.
- In 2018, she acquired a massive stake in International Flavors & Fragrances.
- Kirsten won the Cartier/The Daily Telegraph Award of Merit for her achievements in the racing industry.
Rausing seldom returns to her native Sweden and is sad that the postal system has deteriorated, as she no longer receives her post.
However, she does manage to get to visit the country of her birth occasionally and follows academic literature closely to keep abreast of developments.
Favorite Kirsten Rausing Quotes
Rausing uses her enormous wealth to support various charitable causes and is often referred to as the most generous billionaire in the UK.
She recently donated over $7.5 million to Alzheimer’s Research UK and is reported to have given the University of Cambridge almost $7 million.
Here are our favorite quotes from Kirsten Rausing:
- “I was interested in animal husbandry from a young age.” – Kirsten Rausing
- “You start, usually, with the practical side of things.” – Kirsten Rausing
- “They (the bank) thought it was very amusing, a young girl borrowing money to purchase a stud farm.” – Kirsten Rausing
- “Alpinista – she’s undeniably the world’s best female.” – Kirsten Rausing
- “… the words that now inundate Swedish. I find their use a sign of intellectual poverty.” – Kirsten Rausing
3 Amazing Lessons From Kirsten Rausing
After obtaining a business administration degree in Sweden, Rausing ran a successful stud at home before traveling to Ireland to start a new job.
She used her business skills and qualifications together with her inheritance to create a massively successful breeding business on top of her share in TetraLaval.
Now that you know all about Kirsten Rausing’s net worth, here are some of the best success lessons to learn from Kirsten Rausing:
1. Always Diversify Your Investments
Kirsten Rausing’s success can be attributed to her ability to diversify her holdings, identifying excellent investment opportunities when they arise.
2. Be Passionate About What Your Do
Kirsten Rausing has always been passionate about business and horses, taking the time and effort to learn and become an expert in her field.
3. Make Sure That You Always Give Back
She used her wealth as a force for positive change, supporting causes that align with her values to make an impact on the world.
Summary
As a billionaire and TetraLaval shareholder, Kirsten Rausing, built a diversified business legacy, from horses and packaging to flavor and fragrances.
She is an admired horse breeder, a philanthropist, and an influential figure in the UK, making major investments in the local economy.
Living in Newmarket, Kirsten Rausing has balanced her business acumen with a deep commitment to the equestrian community across the world.
As of December 2023, Kirsten Rausing’s net worth is estimated to be $7.9 Billion.
What do you think about Kirsten Rausing’s net worth? Leave a comment below.
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