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Billionaire Profile
Karl Hedin
Global Rank
#2713

Karl Hedin

CEO, Lumber
Ludvika, Sweden
Real-Time Net Worth
$1.46B
Estimated based on Lumber stock value as of September 10, 2026
0% (24h)
Age
76
Source
Lumber
Industry
Construction & Engineering
Citizenship
Sweden

Biography

Karl Hedin, a 76-year-old Swedish businessman, is the owner of AB Karl Hedin, a leading timber group in Sweden. His wealth stems from his involvement in the lumber industry, where his company is a major player. Hedin's career has been marked by his strong views on forest ownership and environmental policy. He has been known for his outspoken criticism of Swedish environmental regulations and has also been involved in controversies related to hunting. Hedin's company, AB Karl Hedin, was founded by his grandfather in 1937 and has grown to become a significant force in Sweden's forest industry.

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Data Updated
Sep 10, 2026
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Wealth Over Time

Net Worth History

YearNet Worth
2026$1.46B
2025$1.50B
2024$1.50B

Portfolio Holdings

Svenska Cellulosa Aktiebolaget (SCA)

Svenska Cellulosa Aktiebolaget (SCA)

SCA-B.ST•construction-engineering
Market Cap
$8.06B
Sundsvall, Sweden
3,450 employees
Founded 1929
BillerudKorsnäs

BillerudKorsnäs

BILL.ST•construction-engineering
Market Cap
$1.91B
Stock Price
$71.45
Solna, Sweden
5,800 employees
Founded 1883

In-Depth Profile

Early Life

Karl Hedin was born on August 26, 1949. He is the son of Lars Hedin. Hedin is an educated civil economist.

Rise to Success

Hedin's career is built on the legacy of his family business, AB Karl Hedin. Founded by his grandfather in 1937, the company has become a leading timber group in Sweden. Hedin took over the leadership of the company at the age of 34. Under his leadership, the company's revenue increased tenfold. The company's operations include sawmills, building materials, and forestry. In July 2025, Vida acquired the sawmills from Karl Hedin. The company has approximately 1,000 employees and had a turnover of approximately 7.5 billion SEK (2023).

Key Business Strategies

Karl Hedin focused on creating a rational wood flow from forest to products for construction and packaging. The company has a building materials chain in over 50 locations. Hedin emphasized the importance of a rational production set-up and creating competitive advantages for the future through the competence of his employees.

Philanthropy

No specific details on philanthropy initiatives or amounts could be found.

Career Milestones

1983

Took over AB Karl Hedin

Karl Hedin took over as CEO of AB Karl Hedin at the age of 34.

2025

Sold Sawmills

In March 2025, Hedin announced plans to sell the group's sawmills and packaging division.

2025

Vida Acquires Sawmills

Vida acquired the Swedish sawmills in Karbenning, Krylbo and Säter.

Business Philosophy & Leadership

Notable Quotes

"No data"

Leadership Principles

Focus on wood flow

Creating a rational wood flow from forest to products for construction and packaging.

Employee competence

The competence of all employees in the company determines whether we can take advantage of the opportunities.

Controversies & Challenges

2018

Hunting Crime Case

Karl Hedin was arrested in October 2018 and charged with gross hunting crime. He was later acquitted of all charges.

2024

Lawsuit Against the State

In October 2024, Karl Hedin sued the Swedish state, demanding compensation for the errors he believes he was subjected to during the hunting crime case.

Billionaires Connected to Karl Hedin

Peers in Construction & Engineering

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Richest in Sweden

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Adjacent Global Ranks

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Frequently Asked Questions

What is Karl Hedin's net worth in 2026?
As of 2026, Karl Hedin's estimated net worth is $1.457 billion, ranking #2713 among the world's billionaires. The estimate is based on publicly available shareholding data and market prices, updated daily.
How did Karl Hedin make their money?
Karl Hedin's wealth primarily comes from Lumber, most notably through Lumber.
Where is Karl Hedin from?
Karl Hedin is from Sweden.
How old is Karl Hedin?
Karl Hedin is 76 years old.

Sources & References

  1. Karl Hedin — Forbes profile — Forbes