Billionaire Profile
Fredrik Österberg
Global Rank
#3029

Image: Unsplash Contributor | Unsplash License | via Unsplash

Fredrik Österberg

CEO, Gambling products
SWEDEN
Real-Time Net Worth
$1.235B
Estimated based on Gambling products stock value as of April 20, 2026
-1.62% (24h)
Age
55
Source
Gambling products
Industry
Gambling & Casinos
Citizenship
SWEDEN

Biography

Fredrik Österberg, born in 1970, is a Swedish entrepreneur and angel investor. His primary source of wealth stems from his co-founding of Evolution AB, a company specializing in casino solutions for online gambling operators. Österberg's career began in 2006 with the founding of Evolution Gaming. His achievements include building Evolution Gaming into a leading provider of live casino games, with a global presence and providing its services to over 700 customers in 21 countries. As of March 2026, his net worth is estimated at $1.1 billion.

Fact Checked
Verified by Editorial Team
Live Data
Updated 4/20/2026

Wealth Over Time

In-Depth Profile

Early Life

Fredrik Österberg was born in 1970. Details of his early life and education are not widely available in the public domain, but it is known that he holds a Bachelor of Business Administration from Stockholm University, with a focus on business economics, marketing, and management, and an MBA from the Stockholm School of Economics.

Rise to Success

Österberg co-founded Evolution Gaming with Jens von Bahr in 2006. Evolution Gaming quickly became a leader in the online gambling sector, specializing in live casino solutions. The company's first casino studio was set up in Riga, Latvia in 2006, and has since expanded to operate studios in multiple countries, including the U.S.. Evolution Gaming went public in Stockholm in 2015.

Key Business Strategies

Key to Evolution Gaming's success has been its focus on providing high-quality, live-streamed casino games such as blackjack, poker, craps, and roulette, directly to online gambling operators. The company's global reach and the increasing demand for online gambling services have significantly contributed to its financial growth. Furthermore, as an angel investor, Österberg has invested in 7 companies across Sweden and Norway.

Philanthropy

Information regarding Fredrik Österberg's philanthropic activities is not readily available.

Career Milestones

2006

Co-founded Evolution Gaming

Co-founded Evolution Gaming, which provides casino solutions to online gambling operators.

2015

Evolution Gaming Goes Public

Evolution Gaming went public in Stockholm.