Gustaf Archibald Siegwart Douglas (born 3 March 1938) is a Swedish aristocrat, billionaire businessman, and politician. He has been a member of the Royal Swedish Academy of Engineering Sciences since 2007.
Biography
Early life
Gustaf Archibald Siegwart Douglas (born 3 March 1938) is the oldest son of Count Carl Ludvig Douglas (26 July 1908 Stjärnorp – 21 January 1961 Rio de Janeiro), a Swedish nobleman and diplomat who was Royal Swedish Ambassador to Brazil, and his Prussian wife Ottora Maria Haas-Heye (13 February 1910 Partenkirchen – 17 July 2001).
Career
After an M.B.A. from Harvard Business School in 1964, he worked in Sweden and was CEO of the newspapers Dagens Nyheter and Expressen between 1973 and 1980. After that he founded his company Investment AB Latour in 1984, through which he now controls security firm Securitas AB, the world-leading lock producer Assa Abloy and more. He forms a partnership with fellow businessman Melker Schörling, who also controls a significant amount of Securitas shares and serves as the company’s chairman. He is the eleventh wealthiest person in Sweden, according to Forbes magazine, with an estimated net worth of around US$3.2 billion as of March 2013.
In 2001 Douglas was elected to the board of the Moderate Party. He has a long history of political involvement, having campaigned in his teens for what was the predecessor of the Moderates. Douglas was, however, for a time active within the Liberal People’s Party. Now he is known as a rather Conservative Moderate with a big interest in education policy.
Gustaf Douglas Net Worth: Gustaf Douglas is a Swedish businessman and politician who has a net worth of $4 billion. A Swedish count, Gustaf Douglas has been building up his fortune in the securities business. Born Gustaf Archibald Siegwart Douglas on March 3, 1938 in Stockholm, Sweden, he took his Master’s degree in Business Administration from Harvard Business School in 1964. Upon his graduation, Gustaf Douglas started his career as a consultant at Bohlin & Stromberg from 1964 to 1968. Next, he was the general manager of TV2 between 1968 and 1971. He got back as the CEO of Bohlin & Stromberg from 1971 to 1972, and was the chairman of the Shareholder’s Association between 1971 and 1973. Then he became CEO of such newspapers as Dagens Nyheter and Expressen from 1973 to 1980. Some four years later, Douglas set up his investment company AB Latour. The company, which is the main source of his wealth, now holds the reins of the largest publicly traded security firm Securitas AB, as well as the leading producer of locks in the world, Assa Abloy, and the Swedish maker of light fixtures, Fagerhult AB. In addition to establishing and leading his own business, Douglas was once on the board of Sweden’s Moderate Party. Now, he is mainly interested in education policies and is a member of the Royal Swedish Academy of Engineering Sciences. With current residence in Stockholm, Sweden, he has two children with his wife Elisabeth (nee von Essen) who is also of noble descent.
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