Early Life
Erik Selin was born in Gothenburg, Sweden, in 1967. He showed an early interest in finance, starting to read annual reports at age 12 and trading securities at 14. Selin's father was a successful businessman.
Rise to Success
Selin's career took off in real estate, where he founded Erik Selin Fastigheter AB. In 2005, he founded Fastighets AB Balder. He skipped college to focus on investments but lost his savings in the 1987 crash. At 24, Selin secured a loan to finance a residential development. Today, Balder is a major player, with a substantial portfolio of residential and commercial properties, including hotels. Balder's strategy involves acquiring, developing, and managing residential and commercial properties.
Key Business Strategies
Selin's success is rooted in strategic property management and expansion. Fastighets AB Balder has expanded its operations across multiple countries. The company focuses on long-term value creation through active management of its property portfolio. Balder's acquisition of a large German portfolio in 2024 marked a significant expansion into the European market.
Philanthropy
Specific philanthropy amounts are not readily available in the search results.