Melker Schörling (15 May 1947 – 10 December 2023) was a Swedish

billionaire A billionaire is a person with a net worth of at least 1,000,000,000, one billion units of a given currency, usually of a major currency such as the United States dollar, euro, or pound sterling. It is a sub-category of the concept of the ultr ...

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 th ...

Melker Schörling AB (MSAB) had large interests in

Securitas AB Securitas AB is a Swedish Corporate group, group devoted to security services, such as security guarding, mobile patrolling, Surveillance, monitoring, Private investigator, investigation and related consulting services. The group is headquartere ...

Assa Abloy Assa Abloy AB is a Swedish Group 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, tags, ...

Hexagon AB Hexagon AB is a multinational industrial technology company. Headquartered in Stockholm, Sweden,and publicly traded on the Nasdaq Stockholm exchange, the company since 2000 has had a particular focus on measuring technology and geospatial tools a ...

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

Gustaf Douglas Gustaf Archibald Siegwart Douglas (3 March 1938 – 3 May 2023) was a Swedish aristocrat, billionaire businessman, and politician. In August 2022, his net worth was estimated at US$7.2 billion. In 2007 he became a member of the Royal Swedish A ...

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

Early life

Melker Schörling was a graduate of the Gothenburg School of Business, Economics and Law.

Career

Schörling made a name for himself as the

CEO A chief executive officer (CEO), also known as a chief executive or managing director, is the top-ranking corporate officer charged with the management of an organization, usually a company or a nonprofit organization. CEOs find roles in variou ...

of Securitas in 1987 before moving on to

Skanska Skanska AB () is a multinational construction and development company based in Sweden. It was established in 1887 as a concrete product manufacturer. History Aktiebolaget Skånska Cementgjuteriet (Scanian Cement Casting Ltd) was established i ...

, when

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

was chair. Schörling later left his executive career to focus on his 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 (), is a stock exchange located in Frihamnen, Stockholm, Sweden. Founded in 1863, it has become the primary securities exchange of the Nordic countries. As of March 2021, a total ...

. 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 chairman of Volvo. He was chairman of BP for eight years, from 2010 to 2018. In December 2023, Svanberg was appointed commission chair to the AI Commission to the Swedish Gove ...

, 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 was 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 features a profile of each billionaire, and includes a tool that allows users to compare the fortunes o ...

''.

Personal life and death

Schörling was married, with two children, and lived in Stockholm. Schörling died in

Nyköping Nyköping () is a Urban areas in Sweden, locality and the seat of Nyköping Municipality, Södermanland County, Sweden, with 32,759 inhabitants as of 2017. The city is also the capital of Södermanland County. Including Arnö, the locality on the ...

on 10 December 2023, at the age of 76.

References

{{DEFAULTSORT:Schorling, Melker 1947 births 2023 deaths Swedish businesspeople Swedish billionaires University of Gothenburg alumni People from Nyköping