BillionaireNet
Herlin
Ilkka Herlin
Rank #1801
FINLANDManufacturingElevators, escalators

Ilkka Herlin

Net Worth
$2.192B
+1.17% (24h)
Ilkka Herlin, a Finnish billionaire born on January 25, 1959, is a prominent figure in the elevator and escalator industry. His estimated net worth is $2.2 billion. As chairman and co-owner of Cargotec and co-owner of Kone, Herlin's wealth stems from his family's long-standing involvement in Kone, the elevator and escalator manufacturer. His career highlights include leadership roles in both Cargotec and Kone. He holds a Ph.D. in History from the University of Helsinki and is known for his philanthropic efforts, particularly his work with the Baltic Sea Action Group.

The Full Dossier

Early Life

Ilkka Herlin was born in Helsinki, Finland, on January 25, 1959. He comes from a prominent Finnish family deeply involved in the business world. His father, Pekka Herlin, was the former chairman of Kone, a leading elevator and escalator company. Ilkka's early life provided him with exposure to the business world from a young age.

Rise to Success

Ilkka Herlin's career is marked by significant achievements in the business world. He currently serves as the chairman and co-owner of Cargotec, a global leader in cargo handling solutions. Additionally, he is a co-owner of Kone, the elevator and escalator company, that his father once chaired. The family's involvement in Kone dates back to 1924 when Harald Herlin, Ilkka's great-grandfather, invested in the company. A pivotal moment in the family's history was in 1999 when Pekka Herlin revised his will. This led to a family dispute, which concluded in 2005 with a business split. Ilkka and his siblings received a major share in Cargotec and a minor stake in Kone.

Key Business Strategies

Herlin's business ventures primarily revolve around Cargotec and Kone. Cargotec has become a global leader in cargo handling solutions, serving various industries. Kone, on the other hand, is a prominent player in the elevator and escalator industry, with a strong presence worldwide.

Philanthropy

Ilkka Herlin is actively involved in environmental protection and sustainability efforts. He is one of the founders of the Baltic Sea Action Group (BSAG), a trust dedicated to the conservation of the Baltic Sea. He also supports initiatives focused on carbon capture technology and regenerative agriculture.

Career Timeline

2020

Alumnus of the Year

Named Alumnus of the Year by the University of Helsinki Alumni Association.

2005

Chairman of Cargotec

Became Chairman and co-owner of Cargotec.

2000

Switched Path

Switched from Academia to working within business and the environment.

1993

Defended Ph.D.

Defended his Ph.D. The subject of his dissertation was his grandfather, ethnologist Gustav Vilkuna.

1978

Began History studies

Began his history studies at the University of Helsinki, Faculty of Humanities.

Philanthropic Impact

Environmental ConservationUndisclosed

Baltic Sea Action Group

Founded to protect the Baltic Sea.

Environmental ConservationUndisclosed

Soilfood oy

A regenerative recycling company.

Environmental ConservationUndisclosed

Q Power

A renewable energy company.

Wealth Trajectory