BillionaireNet
Hult
Bertil Hult
Rank #1514
SWEDENServiceEducation

Bertil Hult

Net Worth
$2.627B
0% (24h)
Bertil Hult is a Swedish billionaire and entrepreneur, best known for founding EF Education First (EF) in 1965. With a net worth of $2.6 billion, Hult's wealth stems from his pioneering work in the education sector. His career began with the innovative idea of language immersion programs for students, which evolved into a global education empire. He served as CEO until 2002 and chairman until 2008. Through EF, Hult has significantly impacted global education, offering language training, cultural exchange, and educational travel in numerous countries. His philanthropy includes support for dyslexia education and the Hult Prize, a student competition for social good.

The Full Dossier

Early Life and Education

Bertil Hult was born in Stockholm, Sweden, in 1941. As a child, he struggled with dyslexia, which significantly impacted his early education. After junior high, he left school and worked in London, where he learned English through immersion. This experience shaped his belief in experiential learning.

Rise to Success

In 1965, at the age of 23, Hult founded EF Education First (EF) in Lund, Sweden. The company initially organized language study trips for Swedish high school students to the UK. Recognizing the power of cultural immersion, Hult expanded EF to include educational travel, language training, and cultural exchange programs. Under his leadership, EF grew to become a multi-billion dollar corporation, with over 40,000 employees operating in numerous countries.

Key Business Strategies

Hult's success can be attributed to his innovative approach to language learning and his understanding of the value of cultural immersion. His focus on providing quality educational experiences, combined with his ability to identify and capitalize on market opportunities, allowed EF to thrive. Hult's vision extended to creating a global infrastructure for language and cultural exchange, with EF expanding its offerings to encompass academic programs, online language platforms, and international high school exchanges.

Philanthropy

Bertil Hult is involved in charitable causes. He has been involved in charities combating drug abuse and supporting dyslexia education. He co-founded the Geneva-based Mentor Foundation focused on drug prevention. Additionally, Hult sponsors the Hult Prize, a $1 million award for a global business school case competition.

Career Timeline

2014

Named a Laureate by the World Entrepreneurship Forum

Recognized for impact on society and capacity to change the world.

2012

Received Lucia Trade Award

Awarded by the Swedish-American Chamber of Commerce for contributions to fostering free trade.

2008

Stepped down as Chairman of EF Education First

Transitioned leadership to his son.

2002

Stepped down as CEO of EF Education First

Transitioned leadership to his son.

1977

Established EF Head Office in Lucerne, Switzerland

Moved EF's headquarters to Lucerne.

1965

Founded EF Education First

Started a language study and travel abroad organization for Swedish high school students.

Philanthropic Impact

Drug PreventionUndisclosed

Mentor Foundation

Co-founded the Geneva-based Mentor Foundation, dedicated to fighting drug abuse.

Dyslexia EducationUndisclosed

Bertil Hult Prize

Supports Swedish schools for dyslexia education.

Social Entrepreneurship$1M

Hult Prize

Sponsors a global business school case competition.

EducationUndisclosed

EF's Global Classroom Foundation

Aids in rebuilding elementary schools in troubled areas.

Wealth Trajectory