Erik Paulsson and his brother Mats founded PEAB in 1957 as a waste management company servicing local farmers in Sweden. Over the years, the company expanded into construction and now has 14,000 employees and revenues of over $5 billion. In 1989, PEAB went public in Stockholm and Erik and Mats divided the company, with Erik divesting into spin-offs of several PEAB property management entities. His most valuable holdings are Wihlborgs Fastigheter, Catena and Fabege, all real estate companies traded on the Stockholm stock exchange. The brothers reportedly decided who would get what in the division of PEAB by flipping a coin.
Erik Paulsson is a member of Real Estate
Erik Paulsson is a renowned figure in the field of real estate in Sweden. His entrepreneurial skills and vast experience have made him a prominent name in the industry. With his successful ventures, it is estimated that Erik Paulsson's net worth will soar to an impressive $2.3 billion by 2024. His strategic investments and ability to identify lucrative opportunities have played a significant role in his financial success. Erik Paulsson's accomplishments and wealth are a testament to his remarkable career in the real estate sector.
Some Erik Paulsson images
Biography/Timeline
1957
In 1957, aged 17, Paulsson and his younger brother Mats founded PEAB, initially waste management, before expanding into construction in 1970.
2014
PEAB had 2014 revenue of over $5 billion, and employed more than 14,000 people.