Melker Schörling (born 1947) is a Swedish

billionaire A billionaire is a person with a net worth of at least one billion (1,000,000,000, i.e., a thousand million) units of a given currency, usually of a major currency such as the United States dollar, euro, or pound sterling. The American busin ...

businessman. His

investment company An investment company is a financial institution principally engaged in holding, managing and investing securities. These companies in the United States are regulated by the U.S. Securities and Exchange Commission and must be registered under the ...

Melker Schörling AB (MSAB) has large interests in

Securitas AB Securitas AB is a security services (security guarding and mobile patrolling), monitoring, consulting and investigation group, based in Stockholm, Sweden. The group has over 300,000 employees in 53 countries worldwide. Securitas AB is listed at ...

Assa Abloy Assa Abloy AB is a Swedish conglomerate whose offerings include products and services related to locks, doors, gates, and entrance automation. Related products and services include controlling access and confirming identities with keys, cards, ...

Hexagon AB Hexagon AB is a publicly listed global information technology company specializing in hardware and software digital reality that was founded in 1992 and headquartered in Stockholm, Sweden. Hexagon's B share is listed on the list of large companie ...

, Loomis and more. Schörling formed a partnership with fellow billionaire

Gustaf Douglas Gustaf Archibald Siegwart Douglas (born 3 March 1938) is a Swedish aristocrat, billionaire businessman, and politician. As of August 2022, his net worth was estimated at US$7.2 billion. He has been a member of the Royal Swedish Academy of Engine ...

, who is also a major shareholder in Securitas and Assa Abloy.

Early life

Melker Schörling is a graduate of the

Gothenburg School of Business, Economics and Law The Gothenburg School of Business, Economics and Law at the University of Gothenburg ( sv, Handelshögskolan vid Göteborgs universitet) is one of Sweden's leading business schools, located in Gothenburg. It was founded in 1923 as an independen ...

Career

He made a name for himself as the

CEO A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially ...

of Securitas in 1987 before moving on to

Skanska Skanska AB () is a multinational construction and development company based in Sweden. Skanska is the fifth-largest construction company in the world according to ''Construction Global'' magazine. Notable Skanska projects include renovation of t ...

, when

Percy Barnevik Percy Nils Barnevik HonFREng (born 13 February 1941) is a Swedish business executive, best known as CEO and later Chairman of Asea Brown Boveri (ABB) 1988–2002, and for being the centre of a giant pension dispute that shook Sweden in 2003. He ...

was chair. Schörling later left his executive career to focus on his own investments. In August 2006, Schörling revealed that he would take MSAB public, listing it on the

Stockholm Stock Exchange Nasdaq Stockholm, formerly known as the Stockholm Stock Exchange ( sv, Stockholmsbörsen), is a stock exchange located in Frihamnen, Stockholm, Sweden. Founded in 1863, it has become the primary securities exchange of the Nordic countries. As o ...

. He also unveiled a new board of directors. The new board, one of the most high-profile in the Swedish business world, includes Stefan Persson,

Carl-Henric Svanberg Carl-Henric Svanberg (born 29 May 1952), is a Swedish businessman and current Chairman of Volvo. He was Chairman of BP for eight years, from 2010 to 2018. Life and career Svanberg holds a master's degree in applied physics from the Linköping ...

, and Schörling's daughter. in 2017, Schörling left all positions in the company, citing health reasons. He has since been replaced by his daughters Sophia and Märta. As of May 2021, he is worth US$12.5 billion according to ''

Bloomberg Billionaires Index The ''Bloomberg Billionaires Index'', launched in March 2012, is a daily ranking of the world's 500 richest people based on their net worth. It draws information from "action in the stock market, economic indicators and news reports", features a ...

''.

Personal life

He is married, with two children, and lives in Stockholm.

References

{{DEFAULTSORT:Schorling, Melker Swedish businesspeople Swedish billionaires University of Gothenburg alumni 1947 births Living people