Swedish businessman and politician Gustaf Douglas has an estimated net worth of $7.97 billion as of May 2019. Born Gustaf Archibald Siegwart Douglas on March 3, 1938 in Stockholm, Sweden, he earned his MBA from Harvard Business School in 1964. After his graduation, he began his career as the CEO of newspapers Dagens Nyheter and Expressen from 1973 to 1980.

According to Forbes, Douglas is among the wealthiest personalities in Sweden and the world. In 1984, he founded his investment company, AB Latour which is the largest source of his wealth. Currently, it controls the largest publicly traded security firm Securitas AB, the leading producer of locks in the world, Assa Abloy, and the Swedish maker of light fixtures, Fagerhult AB.

Aside from his own companies, Gustaf Douglas used to be a consultant at Bohlin & Stromberg from 1964 to 1968. He was also the general manager of TV2 between 1968 and 1971. He returned as the CEO of Bohlin & Stromberg from 1971 to 1972. Between 1971 and 1973, he became the chairman of the Shareholder’s Association. He was the appointed CEO of the Daily News Group and served from 1973 to 1980.

Douglas was formerly on the board of Sweden’s Moderate Party. He is now interested in education policy and is a member of the Royal Swedish Academy of Engineering Sciences.