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Kirsten Rausing Net Worth

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Kirsten Rausing Net Worth

What is Kirsten Rausing’s net worth? 

Net Worth:$7.9 Billion
Age:72
Born:June 6, 1952
Gender:Female
Height:Unknown
Country of Origin:Sweden
Source of Wealth:Entrepreneur
Last Updated:Oct 6, 2024

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.

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.

 

Career Earnings

Here’s an estimated overview of Kirsten Rausing’s career earnings:

  • 2014 – $40 Million
  • 2015 – $45 Million
  • 2016 – $50 Million
  • 2017 – $65 Million
  • 2018 – $60 Million
  • 2019 – $75 Million
  • 2020 – $78 Million
  • 2021 – $80 Million
  • 2022 – $65 Million
  • 2023 – $50 Million

 

Net Worth Annually

Here’s a breakdown of Kirsten Rausing’s annual net worth:

  • 2014 – $5 Billion
  • 2015 – $5.1 Billion
  • 2016 – $5.5 Billion
  • 2017 – $6 Billion
  • 2018 – $6.6 Billion
  • 2019 – $7.9 Billion
  • 2020 – $9.1 Billion
  • 2021 – $13.9 Billion
  • 2022 – $9.8 Billion
  • 2023 – $7.9 Billion

 

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

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.

 

How Does Kirsten Rausing Spend Her Money?

While she owns some of the most expensive cars in the world, her main focus is owning the 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 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 and travels to her palatial homes in private jets.      

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.   

Rausing uses her enormous wealth to support various charitable causes and is often called 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.

 

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.

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.

John is a professional accountant with a passion for writing. When not helping clients identify tax and financial opportunities, you can find him writing, sailing offshore, or flying a plane. He’s worked and partied with the rich and famous from around the world, getting an inside look at the secretive lifestyles of high-net-worth celebrities.

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Entrepreneurs

Carlos Ghosn Net Worth

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Carlos Ghosn Net Worth

What is Carlos Ghosn’s net worth?

Net Worth:$120 Million
Age:70
Born:March 9, 1954
Gender:Male
Height:1.70 m (5 ft 7 in)
Country of Origin:Brazil
Source of Wealth:Entrepreneur
Last Updated:Oct 6, 2024

Introduction 

Carlos Ghosn is a Brazilian-born French businessman with an estimated net worth of $120 Million. 

Ghosn is best known for being the CEO of Michelin North America, Renault, AvtoVAZ, Nissan, and Mitsubishi Motors.

 

Early Life 

Carlos Ghosn was born on the 9th of March, 1954, in Porto Velho, Brazil.

He did his secondary studies in Beirut, Lebanon, at Collège Notre-Dame de Jamhour.

Ghosn graduated from École Polytechnique in engineering in 1978 and his postgraduate studies from the École des Mines de Paris.

 

Career

After graduating from the École des Mines de Paris in 1978, Carlos Ghosn worked for Michelin for 18 years. At first, he trained and worked at several plants throughout France and Germany before becoming a manager in Le Puy-en-Velay, France. 

In 1984, Ghosn became the head of research and development and, a year later, was named the COO of the company’s operations in South America. 

Ghosen moved to Rio de Janeiro, where the business had become unprofitable due to the hyperinflation in Brazil. Tasked with turning things around, Ghosen rose to the challenge with success and was named the president and COO of Michelin North America in 1989. 

 

Rising Through The Ranks

In 1990, Carlos Ghosn became the CEO of Michelin North America and oversaw the company’s restructuring after purchasing Uniroyal Goodrich Tyre Company. 

Six years later, Ghosn was elected Vice President of research, purchasing, development, and manufacturing at Renault, a French auto manufacturer. Under his guidance, Renault became exceptionally profitable, which led to Renault and Nissan forming the Renault-Nissan Alliance in 1999. 

While maintaining his previous roles, Ghosn became Nissan’s COO and was named its president in 2000 and CEO in 2001. 

Ghosn was able to turn Nissan’s sinking profits around with his “Nissan Revival Plan,” which reduced the company’s debt by 50% by 2002. To do this, he cut 14% of jobs, shut down five Japanese plants, and auctioned off assets, including the company’s aerospace division. 

In 2005, he became Renault’s president and chief executive, making him the first person to run two Fortune 500 companies simultaneously. 

While not as wealthy as the richest people in America, Ghosn’s business strategies for success were undeniable, even if some people disagreed with his methods.

 

Ghosn’s Recent Business Deals

Carlos Ghosn became the chairman of GM in 2005, following a merger between the company and Renault and Nissan. Ford offered to allow Ghosn to lead the company the following year, but he refused, stating he’d have to be made both CEO and chairman. 

In 2007, Ghosn pushed Renault-Nissan into the electric car market, which helped make it the world leader in electric vehicles by 2017. 

Soon after, he was named the deputy chairman of the Russian auto manufacturer AvtoVAZ and, in 2013, became the company’s chairman. 

After a long tenure, Ghosn stepped down as CEO of Nissan in 2017 while remaining chairman and was succeeded by Saikawa Hiroto. 

However, the year before, Ghosn had become chairman of Mitsubishi Motors following Nissan’s acquisition of a 34% stake in the company. 

At Mitsubishi, Ghosn’s goal was to rehab the automaker, though he was removed from his post in 2018 after his arrest over false accounting allegations. After that, Ghosn’s affairs began to fall apart, and by the end of 2019, he was still imprisoned. 

In late 2019, he was able to post bail and quickly left Japan for Lebanon, where he continues his legal battles today.

 

Carlos Ghosn Net Worth

In 2024, Carlos Ghosn’s net worth is estimated to be $120 Million. 

 

Highlights 

Here are some of the best highlights of Carlos Ghosn’s career: 

  • Ghosn is the chairman/CEO of Renault, AvtoVAZ, Nissan, and Mitsubishi Motors
  • He was ranked as one of the 50 most famous men in global business and politics (2003) 

 

Summary

Carlos Ghosn is a French-Lebanese-Brazilian businessman known as the “Le cost killer” and “Mr. Fix It”.

Thanks to his turnaround success at Nissan, Carlos gained celebrity status in the business world and was ranked as one of the 50 most famous men in global business and politics in 2003. 

What do you think about Carlos Ghosn’s net worth? Leave a comment below. 

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Entrepreneurs

Rich Barton Net Worth

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Rich Barton Net Worth

What is Rich Barton’s net worth? 

Net Worth:$2.1 Billion
Age:57
Born:June 2, 1967
Gender:Male
Height:Unknown
Country of Origin:United States of America
Source of Wealth:Entrepreneur
Last Updated:Oct 6, 2024

Introduction 

Rich Barton is an American entrepreneur and CEO of Zillow Group with an estimated net worth of $2.1 Billion. 

Barton has founded multiple companies, including online travel company Zillow, job search engine Glassdoor, and photography site Trover.

Barton was a venture partner at Benchmark and is on the board of directors for Netflix, Avvo, Nextdoor, and Artsy.

 

Early Life 

Richard Barton was born on the 2nd of June, 1967, and raised in New Canaan, Connecticut.

Barton is the son of a teacher and mechanical engineer. 

Barton graduated from Standford University in 1989. He then started working for Alliance Consulting Group and Microsoft in 1991. His forefathers, John Barton and his son Horace, were inducted into the 1999 South Dakota Tennis Hall of Fame.

 

Career 

After graduating from Stanford University with an engineering degree, Rich Barton started working for the Alliance Consulting Group in 1989. 

In 1991, he left and began working for Microsoft as a project manager for the operating system MS-DOS 5.0. While working for Microsoft, Barton founded the travel site Expedia in 1994 as the company was planning to build a travel guide on CD-ROM. However, Barton pitched the idea of an online service to Bill Gates, who permitted him to pursue the project. 

In 1996, Expedia made its debut on the internet, and Rich was the CEO of the site’s IPO until 2003, when it was purchased for $3.6 billion.

 

Making Billions

After selling Expedia’s IP, Rich Barton took a year-long break from business to relax in Italy and enjoy his success. However, he didn’t rest for too long and made a comeback in 2004 to begin setting his next business plan in motion. 

Now in Seattle, Barton began working on the site Zillow, which he believed could transform the real estate industry. 

In December 2004, Zillow was incorporated in Washington and officially launched in February 2006. 

The site included a home valuation tool, sales history, and value appreciation information upon launch. The site crashed on the morning of its launch because the servers weren’t strong enough to handle the immense traffic. 

By 2008, Zillow had grown exponentially and, in 2010, had become incredibly profitable for the first time since its launch. 

In 2012, Barton purchased Rentjuice and Hotpads, followed by Street Easy in 2013 and Trulia in 2015. 

All of this helped make Rich Barton one of the richest people in America, and his net worth continues to increase.

 

Maintaining Zillow

Although Rich Barton stepped down as CEO in 2010, he returned in 2019, replacing Spencer Rascoff. A year prior, the site began buying and selling through the new Zillow Offers, which partnered with local real estate agents. Upon returning to the CEO position, Barton began expanding Zillow Offers into new markets across the United States. 

However, when the pandemic struck in 2020, Zillow saw its stock hit a four-year low, forcing them to cut expenses to stay profitable. 

By July 2020, Zillow became one of the first companies to permanently allow employees to work from home. This allowed them to hire an additional 1,500 employees with the plan to expand their workforce by 40% by the end of 2021. 

Unfortunately, things didn’t pan out, and Barton announced in November 2021 that Zillow was shutting down its home-buying business and laying off 25% of employees. 

That said, this didn’t stop the Zillow Group from acquiring other businesses throughout the 2020s to expand their reach. These companies include ShowingTime, Follow Up Boss, and VRX Media, all of which have benefited Zillow. At the same time, Forbes named Barton a billionaire in 2020 after his earnings from Zillow continued to grow. 

Now one of the richest people in the world, Rich Barton has undoubtedly lived up to his first name, earning billions through his business. 

 

Rich Barton Net Worth

In 2024, Rich Barton’s net worth is estimated to be $2.1 Billion. 

 

How Does Rich Barton Spend His Money? 

Rich Barton spends his money on real estate.

 

Rich Barton’s Home and Other Spendings 

Barton owns a home in Seattle, Wahington. Barton Has A $700 million stake in Zillow and plans to turn it into a home-flipping machine. 

 

Highlights

Here are some of the best highlights of Rich Barton’s career:

  • Chief executive officer of Zillow Group
  • One of the top 10 innovators under 35 by MIT Technology Review (2003)
  • Presidential Ambassadors for Continental Entrepreneurship (2012)

 

Summary

Rich Barton is an American entrepreneur and businessman best known for being the Zillow Group CEO.

He is also the founder of Expedia and Glassdoor. Barton was born in Connecticut and graduated from Standford University. He has also founded the online travel photography-sharing site Trover.

He was a venture partner at Benchmark and served on the boards of directors for Netflix and Artsy. In 2012, he was named one of Barack Obama‘s Presidential Ambassadors for Continental Entrepreneurship. 

What do you think about Rich Barton’s net worth? Leave a comment below. 

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Entrepreneurs

Russell Simmons Net Worth

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Russell Simmons Net Worth

What is Russell Simmons’ net worth?

Net Worth:$340 Million
Age:67
Born:October 4, 1957
Gender:Male
Height:1.76 m (5 ft 9 in)
Country of Origin:United States of America
Source of Wealth:Entrepreneur
Last Updated:Oct 6, 2024

Russell Simmons is an American record producer and entrepreneur with an estimated net worth of $340 Million. 

Simmons is the co-founder of the record label Def Jam and has been among the top 25 most influential people in the industry over the past 25 years, playing a pivotal role in bringing hip-hop music to the forefront. 

 

Early Life 

Russell Simmons was born in Queens, New York, on October 4, 1957.

He is the son of Daniel Simmons Sr. and Evelyn Simmons. His father was a public school administrator, and his mother worked as a park administrator. Simmons attended the City College of New York for some time, after which he dropped out and went on to promote local musicians. 

 

Career

During college, Simmons met industry mentor Robert Ford Jr., and a few years later, he co-founded Def Jam Recordings with Rick Rubin. In 1985, he co-produced and appeared alongside Daryl McDaniels in the film “Krush Groove” and launched the Def Comedy Jam television program.

 

From Rap To Riches

The Def Comedy Jam program featured notable figures such as Dave Chappelle, Chris Rock, and Martin Lawrence, who were prominent comedians then. At the same time, Russell’s services to the music industry and hip-hop culture were honored at the 2004 VH1 Hip Hop Honors. A few years later, he produced hit films “The Nutty Professor” featuring Eddie Murphy and “How to Be a Player.”

In 2003, Russell established RushCard, a prepaid debit card provider, and launched Phat Fashions LLC, featuring Phat Farm and Baby Phat labels. The apparel line has a traditional appearance and feel thanks to the influence of designers like Ralph Lauren and Tommy Hilfiger. Not long after establishing the business, he sold Phat Farm and Baby Phat to Kellwood Company in 2004 for $140 million.

That same year, he formed the Russell Simmons Music Group as a joint venture with Universal Music’s Island Def Jam Music Group.

 

Simmons’ Vegan Advocacy

Additionally, he co-founded the Rush Philanthropic Arts Foundation and received an Honorary Doctorate Degree in Humane Letters from Claremont Lincoln University in 2014. He also coordinated the anti-Rockefeller Drug Law demonstrations promoting more equitable drug laws and was designated as the UN Slavery Memorial’s Goodwill Ambassador.

Russell is a huge PETA supporter and won the PETA Humanitarian Award in 2001 and the Person of the Year Award. The group PETA (People for the Ethical Treatment of Animals) fights against animal abuse in entertainment and industry, advances vegetarianism, and defends animal rights. Many celebrities, such as Pamela Anderson, Ellen DeGeneres, and Woody Harrelson, are just a few of the figures supporting PETA.

His involvement with the NGO has influenced him to live a healthier lifestyle. He has become vegan himself and promotes the routine.

 

Signing Lil Skies And Jack Harlow

Simmons, a vegan since 1999, supports the David Lynch Foundation, which encourages activism, mindfulness, and vegetarianism; he also practices Jivamukti Yoga and Transcendental Meditation. He supports the Somaly Mam Foundation, which combats human trafficking and sexual slavery and endorses the second Muslim Jewish Conference promoting interfaith dialogue and cooperation.

In 2012, Simmons’ book “Super Rich: A Guide to Having It All” took home the NAACP Image Award for Outstanding Literary Work – Non-Fiction.

To top it all off, Richtopia listed him as one of the 200 most influential social entrepreneurs and philanthropists worldwide in 2017.

Russell released the “Masterminds of Hip Hop” NFT collection alongside Snoop Dogg and Ice-T and became a senior advisor for the vegan brand Everything Legendary.

Recently, Russell has been more involved in Def Jam Records, signing up-and-coming artists such as Lil Skies, Jack Harlow, and Dreezy.

 

Estimated Net Worth

In 2024, Russell Simmons’ net worth is estimated to be roughly $340 Million. 

 

Highlights 

Here are some of the best highlights of Russell Simmons’ career:

  • Co-founded Def Jam (1983) 
  • Krush Groove (Movie, 1985) 
  • Launched Clothing Line (1992) 
  • Sold Phat Farm (2004) 

 

Summary

Russell Simmons was one of the first producers in the industry to co-found one of the most significant record labels ‘Def Jam’. Simmons has collaborated with some of the best artists, such as Jay Z and LL Cool J.

What do you think about Russell Simmons’ net worth? Leave a comment below. 

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