Hans Rausing Net Worth

Hans Rausing Net Worth: The Life and Legacy of a Billionaire Heir

What is Hans Rausing’s Net Worth and Salary?

Hans Rausing was a Swedish business magnate and heir to the Tetra Pak packaging company fortune. He had a net worth of $13 billion at the time of his death in August 2019. He was ranked as the 88th richest person in the world, according to Forbes. Although he had inherited his wealth, he maintained an active role in the family businesses and remained one of the wealthiest people in the world until his death.

Early Life and Education

Hans Rausing was born in Sweden in 1926. His father, Ruben Rausing, was the founder of Tetra Pak, a packaging company that revolutionized the way food and beverages were packaged and distributed. Rausing grew up in a wealthy family and attended school at Lund School of Economics. After completing his studies, he joined the Tetra Pak board in 1954 and became the managing director of the company’s British subsidiary in 1964.

Career

During his time as managing director of Tetra Pak’s British subsidiary, Rausing oversaw the company’s expansion in the UK and Europe. He was responsible for introducing Tetra Pak’s innovative packaging designs, which helped to increase the company’s market share and profitability. In 1985, he became the chairman of the board of Tetra Pak International, and he continued to be involved in the company’s management until his death.

Aside from his work with Tetra Pak, Rausing was a philanthropist and supporter of the arts. He established the Hans Rausing Endangered Languages Project at the University of London, which supports research on disappearing languages around the world.

Personal Life

Rausing met his wife, Evelyn, at a party in London in 1962. They were married the following year and had three children together. The couple was known for their philanthropic work, supporting various charities and organizations. They were also art collectors and owned an impressive collection of works by artists such as Francis Bacon, Lucian Freud, and David Hockney.

Illness and Death

Hans Rausing died on August 30, 2019, at the age of 93. He had been suffering from an unspecified illness for some time before his death. His wife Evelyn had died three years earlier, in 2016. The couple’s philanthropic work and legacy continue through the Evelyn and Hans Rausing Trust, which supports a range of causes, including human rights, conservation, and the arts.

Real Estate

Hans Rausing owned several impressive properties around the world. He was known for his love of architecture and design and invested heavily in restoring historic buildings. One of his most significant real estate holdings was Wadhurst Castle, a 19th-century castle in East Sussex, England, which he purchased in 1986. He spent millions of pounds on its restoration, turning it into a luxurious family home.

Legacy

Rausing’s legacy is primarily tied to his work with Tetra Pak and his philanthropy. Tetra Pak is one of the world’s leading packaging companies, and it revolutionized the food and drinks industry. Rausing’s innovations brought affordable food packaging to billions of people around the world, improving the distribution and safety of food in developing countries. His philanthropy and support for endangered languages and the arts have also had a significant impact on the world.

FAQs

1. How did Hans Rausing make his money?

Hans Rausing inherited his fortune from his father, who founded Tetra Pak, a packaging company that revolutionized the way food and drinks were packaged and distributed. Rausing played an active role in the company’s management and oversaw its expansion in the UK and Europe.

2. What is Tetra Pak?

Tetra Pak is a Swedish packaging company that produces containers for food and drinks. The company is best known for creating the tetra pack, a type of aseptic carton that is used to package liquid foods such as milk, juice, and soup.

3. Was Hans Rausing involved in philanthropy?

Yes, Hans Rausing and his wife Evelyn were known for their philanthropy and supported a range of charitable causes. They established the Evelyn and Hans Rausing Trust, which supports organizations and projects related to human rights, conservation, and the arts.

4. Did Hans Rausing have any children?

Yes, Hans Rausing had three children with his wife Evelyn. Their names are Lisbet, Sigrid, and Hans Kristian.

5. What was Hans Rausing’s involvement in the arts?

Hans Rausing and his wife were art collectors and owned an impressive collection of works by artists such as Francis Bacon, Lucian Freud, and David Hockney. They were also supporters of various arts organizations and projects.

6. Did Hans Rausing have any other significant real estate holdings?

In addition to Wadhurst Castle, Hans Rausing owned several other notable properties around the world, including a large estate in Scotland and a luxury apartment in London.

7. Was Hans Rausing involved in any other businesses besides Tetra Pak?

While Tetra Pak was the primary source of Hans Rausing’s wealth, he was also involved in other businesses, including a British computer software company called Easel.

8. What was the Hans Rausing Endangered Languages Project?

The Hans Rausing Endangered Languages Project at the University of London supports research on disappearing languages around the world. The project aims to document and preserve endangered languages and cultures to ensure that they are not lost forever.