Billionaire Profile
David Mindus
Global Rank
#2232

Image: Public domain | via Wikimedia Commons

David Mindus

CEO, AB Sagax
SE
Real-Time Net Worth
$1.7B
As of December 2025
Age
53
Source
Real estate
Industry
real-estate
Citizenship
SE

Biography

David Mindus, a Swedish real estate magnate, is currently estimated to have a net worth of $1.7 billion. His primary source of wealth is the real estate sector, where he has built a successful career. Mindus, 53, is the founder and CEO of Sagax AB, a prominent commercial real estate company. His career highlights include founding Sagax AB in 2000 and holding a significant ownership stake. Mindus holds an MBA from Stockholm University. As of December 5, 2025, he holds the #2232 position in the world.

Wealth Over Time

In-Depth Profile

Early Life

David Mindus was born in Sweden. Information about his early life and upbringing is limited. However, it is known that he pursued higher education, obtaining a Master of Business Administration from Stockholm University.

Rise to Success

Mindus's career took off in the real estate sector. In 2000, he co-founded AB Sagax, a commercial real estate company. Identifying the sector as undervalued, Mindus and his partners began acquiring warehouses and light industrial properties. This strategic move proved successful, laying the groundwork for his substantial wealth. Sagax was listed on the Stockholm Stock Exchange in 2004.

Key Business Strategies

A central strategy in Mindus's success has been the acquisition and management of commercial properties, particularly in the warehouse and light industrial segments. He has focused on building a substantial portfolio of properties across several European countries. Mindus's leadership has been crucial in driving Sagax's growth, as he currently owns more than 17 percent of Sagax. He has also demonstrated a keen ability to identify undervalued assets and capitalize on market opportunities.

Philanthropy

While specific details of Mindus's philanthropic activities are limited in the search results, it is known that he has 4 children.

Career Milestones

2000

Co-founded Sagax AB

Founded the commercial real estate company, which became a cornerstone of his wealth.

2004

Sagax Listed on Stock Exchange

The company was listed on the Stockholm Stock Exchange.

2025

Forbes Billionaire List

Ranked #2019 on the Forbes 2025 Billionaires list.