A Finnish entrepreneur, book publisher, editor, and writer named Niklas Herlin had a net worth of $1.1 billion.
On October 17, 2017, Niklas Herlin, the owner and shareholder of Cargotec Oy, passed away.
The son of Pekka Herlin, the former CEO of KONE Corporation, is him.
The New Finnish magazine was bought by Herlin, who also wrote four books.
The Kone Corporation was bought by Niklas, the great grandson of Herald Herlin, in 1924.
Kone is at the forefront of elevator and escalator production on a global scale.
The company’s sales in 2013 amounted to $9.5 billion.
Following the death of his father in 2003, Irkka inherited slightly more than 3% of Kone and 10% of Cargotec.
After discovering that Antti, the eldest brother of Ilkka and current chairman of Kone Corporation, held the majority stake in the company, Ilkka and his two brothers sued to obtain a larger share.
The dispute was settled in 2005, with Antti retaining control and a controlling stake in Kone, while the other siblings obtained a majority stake in Cargotec and a minority stake in Kone.