Early Life
Kjell Erik Torne Selin, born on August 5, 1967, in Gothenburg, Sweden, demonstrated an early interest in business and real estate, often assisting his father with his work. He attended gymnasium with a focus on economics. In his youth, Selin began trading securities at age 14, using money earned from summer jobs.
Rise to Success
Selin's career in real estate began in the early 1990s. He founded Fastighets AB Balder in 1994, which has since grown into one of Sweden's largest real estate companies. Selin initially lost his savings in the early 1990s, when the speculation economy collapsed, which influenced his approach to minimize losses rather than maximizing gains. At age 24, he secured a loan to finance a residential development in Ängelholm, Sweden, marking a pivotal moment in his career. His strategy often involves buying properties when others are hesitant, a method he's described as low-risk investment.
Key Business Strategies
Selin's leadership extends beyond Fastighets AB Balder. He is also the chairman of Collector Credit AB and SATO Oyj, indicating a diversified business approach. Erik Selin Fastigheter AB is the principal owner of Fastighets AB Balder, holding 33.0% of the capital and 46.9% of the votes. Selin has made strategic investments, including increasing his stake in Bonesupport, a medical technology firm, and also in Sting Free AB, which produces innovative nicotine pouches. He is also the chairman of Multi4 Medical AB. His approach often focuses on risk avoidance and maintaining a healthy cash flow. Selin emphasizes the importance of going back to simple parameters to make business decisions.
Philanthropy
Erik Selin is known to be a generous philanthropist, donating millions of dollars to various charities. He is also a passionate art collector.
