E rik Selin is a Swedish self-made real estate billionaire and the founder and CEO of Fastighets AB Balder, one of the largest property companies in the Nordic region. He began his investment career at a young age, buying his first apartment building when he was in his early 20s. He has since built a massive real estate empire from the ground up.
He founded Balder and has grown it through a relentless strategy of acquiring residential and commercial properties across Sweden and in other Nordic countries. He is known for his sharp deal-making skills and his deep understanding of the property market. In addition to his primary real estate holdings in Balder, he is also a major shareholder in a number of other companies, particularly in the financial sector, including a significant stake in the Swedish collector and credit management company, Collector Bank.
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Erik Selin is a Swedish businessman, the self-made billionaire CEO and controlling owner of Fastighets AB Balder (STO: BALD B), one of the largest and most prominent property developers in Sweden and the Nordic region. Born in 1967, his career is rooted in real estate investment and development.
Selin's strategic vision was audacious: focus on acquiring, developing, and managing a massive, diversified portfolio spanning residential, commercial, and urban properties across Scandinavia and Northern Europe. His philosophical approach emphasizes local management, customer satisfaction, and long-term asset hold, a commitment that defined his massive empire.
Erik Selin founded Fastighets AB Balder in 1999 (operational since 2005). His growth strategy focused on aggressive expansion across Sweden, Denmark, Finland, Norway, Germany, and the U.K. Balder's portfolio grew to include both residential properties and key commercial/urban projects, including major stakes in the development of the Karlatornet (a landmark skyscraper in Gothenburg).
Under his leadership as CEO and controlling owner, Balder became one of Sweden's largest hotel owners (owning 50 hotels) and achieved a market valuation in the billions of euros. Selin maintains a vast network of investments beyond property, serving as Chairman of Norion Bank (formerly Collector AB) and SATO Oyj. His wealth is secured by the colossal, appreciating value of the highly diversified real estate portfolio he controls.
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Founds Fastighets AB Balder (Founding).
Works at GE Capital, helping found its Swedish real estate investment business (Formative Career).
Balder executes its successful IPO on the Stockholm Stock Exchange (Financial Milestone).
Balder expands to manage over 673 properties and 50 hotels (Growth Milestone).
Serves as CEO and Controlling Owner, guiding the industrial real estate empire (Executive Leadership).
Erik Selin's wealth is concentrated in his founding and controlling ownership of the publicly listed real estate giant, Fastighets AB Balder (STO: BALD B).
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Erik Selin's social impact is structural, stemming from Balder's role in providing essential residential and commercial infrastructure across Sweden and the Nordic region. The company provides housing and commercial space for thousands of tenants and businesses.
His personal philanthropy supports various educational, cultural, and community initiatives, including major funding for the Gothenburg School of Business, Economics and Law (his alma mater). His commitment to sustainability is a core focus of Balder's development and management strategy.
Erik Selin maintains the professional, composed style of a Swedish real estate executive. His attire is consistently formal and high-quality, favoring tailored business suits. His aesthetic is one of stability and confident authority, reflecting his decades of mastery in the complex property market.
Residing in Gothenburg, Sweden, his luxury is the immense security and financial reward derived from his multi-billion dollar fortune. His life is defined by his commitment to disciplined investment, long-term asset hold, and the continuous growth of his massive real estate portfolio.
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0% | $0.00M
-1.08% | -$128.49M
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