What is Kirsten Rausing’s net worth?
Net Worth: | $7.9 Billion |
---|---|
Age: | 71 |
Born: | June 6, 1952 |
Gender: | Female |
Height: | Unknown |
Country of Origin: | Sweden |
Source of Wealth: | Entrepreneur |
Last Updated: | November 16, 2023 |
Table of Contents
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 February 2024, 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 $45million 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 February 2024, 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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