Ilkka Herlin

$2.06 B

Ranked #2003 in World

About Ilkka Herlin

Finnish billionaire Ilkka Herlin, born on January 25, 1959, is renowned for his significant roles as chairman and co-owner of Cargotec, alongside his co-ownership in the acclaimed elevator and escalator manufacturer, Kone. The legacy of leadership traces back to a pivotal moment in 1999 when his father, Pekka Herlin, revised his will, leading to a family divide that culminated in 2005. The resolution saw a business split, granting Ilkka and his siblings a major share in Cargotec and a minor stake in Kone, subsequently elevating all four siblings to billionaire status. Ilkka Herlin, a family man residing in Helsinki with his spouse and four children, continues to mark his influence in the global business arena.

Born

January 01, 1959 in Helsinki, Finland

Age

67 years

Source Of Wealth

Elevators, Escalators

Industries

Manufacturing

Citizenship

Finland

Residence

Helsinki

Children

Parent

Pekka Herlin

Ilkka Herlin, a prominent Finnish billionaire, was born on January 25, 1959. His early years and childhood were spent in a wealthy and influential family, where he gained exposure to the business world from a young age.

Ilkka Herlin: Family

Ilkka Herlin comes from a prominent Finnish family. His father, Pekka Herlin, was a successful businessman and the former chairman of Kone, a leading elevator and escalator company. Ilkka has three siblings: Antti, Niklas, and Hanna.

Ilkka Herlin: Career Highlights

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 leading provider of cargo handling solutions. Additionally, he is a co-owner of Kone, the elevator and escalator company that his father once chaired.

Ilkka Herlin: Companies

Ilkka Herlin's business ventures primarily revolve around two major companies: Cargotec and Kone. Cargotec, under his leadership, has become a global leader in cargo handling solutions, serving various industries such as ports, terminals, and shipping. Kone, on the other hand, is a prominent player in the elevator and escalator industry, with a strong presence in markets worldwide.

Ilkka Herlin: Major Achievements

One of Ilkka Herlin's major achievements was successfully resolving a dispute among siblings over their father's will. In 1999, Pekka Herlin revised his will, leaving the majority of Kone to Ilkka's brother Antti. This led to a legal battle that ended in 2005 with a split of Kone. As a result, Antti received a majority stake in the core elevator business, while Ilkka and his siblings gained a majority of Cargotec and a minority stake in the new Kone. This resolution allowed all four siblings to become billionaires.

Ilkka Herlin: Awards & Achievements

Ilkka Herlin's contributions to the business world have been recognized through numerous awards and achievements. He has been honored with the Commander of the Order of the Lion of Finland, one of the highest decorations bestowed by the Finnish government.

Additionally, he has received recognition for his philanthropic efforts, including the Pro Finlandia Medal of the Order of the Lion of Finland.

Ilkka Herlin: Personal Life & Legacy

Ilkka Herlin leads a private personal life and resides in Helsinki, Finland. He is married and has four children. His legacy lies in his successful business ventures and his contributions to the Finnish economy. As a prominent figure in the business community, he continues to inspire and influence future generations of entrepreneurs.

Ilkka Herlin: Trivia

Ilkka Herlin is known for his passion for sailing and has participated in several regattas. He is also an avid art collector and has a keen interest in contemporary art.

Wealth History

Timeline

January 25, 1959

Ilkka Herlin is born.

1999

Pekka Herlin, Ilkka's father, rewrites his will, leaving most of Kone to Ilkka's brother Antti.

2005

Dispute among siblings over the will ends.

2005

Kone splits, with Antti receiving a majority stake in the core elevator business.

2005

Ilkka and siblings receive a majority of Cargotec and a minority stake in the new Kone.

2005

All four siblings become billionaires.

Ilkka Herlin : FAQs

What is Ilkka Herlin's current net worth?

Ilkka Herlin's current net worth is $2.06 billion.

What is Ilkka Herlin's current global rank among billionaires?

Ilkka Herlin holds the 2003rd position globally among billionaires.

What is Ilkka Herlin's current ranking within the Finland?

Ilkka Herlin holds the 5th position in Finland.

What was the change in Ilkka Herlin's net worth compared to the previous year?

Ilkka Herlin's net worth decreased by 163.44 million dollars compared to the previous year 2025, when his net worth was 2.22 billion dollars.

What is the recent change in Ilkka Herlin's net worth?

Ilkka Herlin's net worth decreased by 11.61 million dollars recently, a 0.56% decrease, with his net worth standing at 2.06 billion dollars.

What are Ilkka Herlin's main sources of wealth?

Ilkka Herlin's main source of income comes from Elevators, Escalators.

In which industry does Ilkka Herlin primarily operate?

Ilkka Herlin is primarily involved in the Manufacturing industry.

How old is Ilkka Herlin?

Ilkka Herlin is 67 years old.

How many children does Ilkka Herlin have?

Ilkka Herlin has 4 children.

Who is Ilkka Herlin and why is he famous?

Ilkka Herlin is a Finnish billionaire known for being the chairman and co-owner of Cargotec, as well as a co-owner of Kone, an elevator and escalator manufacturer. His prominence in the business world stems from his influential roles in these major companies.

What significant event in Ilkka Herlin's family history impacted his ownership in Kone?

In 1999, a significant event that impacted Ilkka Herlin's ownership in Kone was the rewriting of his father, Pekka Herlin's, will. This led to his brother Antti receiving most of Kone, triggering a family dispute over the will that ended in 2005.

How did the resolution of the Herlin family dispute in 2005 affect the ownership of Kone and Cargotec?

The resolution of the Herlin family dispute in 2005 resulted in Kone being split. Antti Herlin received a majority stake in the core elevator business, while Ilkka and his siblings received a majority of Cargotec and a minority stake in the newly structured Kone.

Did the Herlin family dispute resolution lead to any billionaires in the family?

Yes, the resolution of the Herlin family dispute led to all four siblings, including Ilkka Herlin, becoming billionaires, thanks to their respective stakes in Kone and Cargotec.

Where does Ilkka Herlin reside and what is known about his personal life?

Ilkka Herlin resides in Helsinki, Finland, and is married with four children. His personal life, while kept relatively private, is known to include a significant role in Finland's business scene through his leadership positions in major Finnish companies.