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Ilkka Herlin

Ilkka Herlin

I. Herlin
0.21% | + $4.83M
$2.28 B ₹ 20,748 Cr
Real Time Net Worth #1820 Ranking as of 21 Feb 2026 By Forbes

More on Ilkka Herlin

Gender

Male

Age

67Y

Country

Finland

Born On

January, 1959

Deceased

No

Relationship Status

Married

Children

1

Education

Unknown

Designation Info :

Self-Made

No

Entrepreneur Type

Inherited (Expanded)

Primary Organization

Cargotec

Titles

Chairman Of The Board

Sources of Wealth

KONE, Cargotec

Industry

Manufacturing, Engineering, Shipping

About Ilkka Herlin


I lkka Herlin is a Finnish billionaire and a key member of the Herlin family, which controls the KONE Corporation, a global leader in the elevator and escalator industry. He represents the third generation of the family to be involved in the business, which was acquired by his grandfather. He is the son of Pekka Herlin, who led the company for many years.

After a family dispute over the division of the family's assets, Ilkka, along with his brother Antti and sister Ilona, inherited a significant portion of the family's massive stake in the publicly traded KONE. He serves on the board of directors, helping to guide the strategic direction of the multi-billion dollar enterprise. In addition to his role at KONE, he has his own separate and significant business interests. He is the founder and chairman of the board of Cargotec, a major global cargo-handling equipment manufacturer, which was spun off from KONE. He is also a prominent advocate for environmental sustainability, particularly in the Baltic Sea region.

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Quick Reads


  • An heir to and board member of the KONE elevator and escalator fortune.
  • Represents the third generation of the controlling Herlin family.
  • Chairman of the board of Cargotec, a major cargo-handling equipment maker that was spun off from KONE.
  • His father was the longtime leader of KONE.
  • A major philanthropist and environmental advocate.

Early Life and Background


Dr. Ilkka Heikki Herlin, Ph.D., is a Finnish businessman, the billionaire Chairman and a major shareholder of Cargotec (Nasdaq Helsinki: CGCBV), a global leader in cargo handling equipment and services. His immense wealth is generational, tied to the Herlin family fortune (from the KONE Corporation elevator empire, founded in 1924).

Herlin received an elite education, earning a Doctor of Philosophy (Ph.D.) degree from the University of Helsinki. His career began with a massive family dispute over the inheritance of KONE: his father, Pekka Herlin, rewrote his will in 1999, leaving the majority stake in the core elevator business to his brother, Antti Herlin (the family patriarch). The subsequent dispute ended in 2005, resulting in a split of the company.

  • Cargotec (Chairman & Major Shareholder): The core asset, a global leader in cargo handling equipment and services (formed after the KONE split in 2005).
  • KONE Corporation (Minority Shareholder): He retains a minority stake in the elevator and escalator company.
  • Academic Background: He holds a Ph.D. from the University of Helsinki (1995).
  • Family Feud: His wealth is tied to the settlement following the dispute over his father's will, which resulted in the split of the Herlin empire.

Career Journey of Ilkka Herlin


Dr. Ilkka Herlin's strategic leadership focused on transforming his inherited assets into a dominant force in cargo handling. After the 2005 split, Ilkka and his siblings (Ilona Herlin and Niklas Herlin) received a majority stake in Cargotec, which had been spun off from the KONE Group. Cargotec focuses on specialized machinery for heavy-duty ship cargo, port operations, and road transport.

Under his guidance as Chairman, Cargotec expanded globally, becoming a structural pillar of the global logistics and maritime industries. His wealth is secured by the long-term, stable profitability of the essential industrial equipment sector, cementing his status as a key figure in Finnish industry and finance. He is married with four children.

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Ilkka Herlin's Timeline


1999:

His father, Pekka Herlin, rewrites his will (Pivotal Event).

2005:

The family dispute ends; KONE splits, and Ilkka receives a majority stake in Cargotec (Corporate Split/Financial Milestone).

Ongoing:

Continues as Chairman of Cargotec, guiding the global cargo handling giant (Executive Oversight).

Major Business Ventures and Investments


Ilkka Herlin's wealth is concentrated in his controlling stake and executive leadership of the publicly traded industrial giant, Cargotec (Nasdaq Helsinki: CGCBV).

  • Cargotec (Chairman & Major Shareholder): The core asset, a global leader in cargo handling equipment and services (formed after the KONE split in 2005).
  • KONE Corporation (Minority Shareholder): He retains a minority stake in the elevator and escalator company.
  • Academic Background: He holds a Ph.D. from the University of Helsinki (1995).
  • Family Feud: His wealth is tied to the settlement following the dispute over his father's will, which resulted in the split of the Herlin empire.

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Philanthropy and Social Impact


Dr. Ilkka Herlin's social impact is structural, stemming from Cargotec's role in providing essential equipment for global trade and logistics. The company's machinery is foundational to port operations and ship cargo management worldwide. He and his family's foundation support various educational and community initiatives.

His career is a testament to the profitable management of an industrial legacy, leveraging specialized equipment manufacturing for global logistical efficiency.

Fashion, Style, and Lifestyle


Dr. Ilkka Herlin maintains the professional, composed style of a Finnish industrial executive. His attire is consistently formal and high-quality, favoring tailored business suits. His aesthetic reflects stability and intellectual authority, blending his academic background with his corporate leadership.

Residing in Helsinki, Finland, his luxury is the immense security and financial reward derived from his multi-billion dollar fortune. His life is dedicated to industrial scale, technological innovation, and the long-term management of his essential logistics and manufacturing empire.

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Quotes and Philosophy


No publicly available quotes.

Fun Facts & Trivia


  • He is the Chairman of Cargotec, a global leader in cargo handling equipment.
  • His fortune stems from the dispute and split of the KONE elevator empire.
  • He holds a Ph.D. from the University of Helsinki.
  • He and his siblings were unhappy that their father rewrote his will in 1999 without informing them.
  • His family retains a minority stake in KONE and a majority in Cargotec.
  • His sister, Ilona Herlin, is also a billionaire heir and an associate professor.
  • His wealth is tied to the successful industrialization of global maritime and port logistics.

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Sources & References


This profile is compiled from verified biographical and financial records:

  • Wealth Data: Real-time tracking and historical data from Forbes Billionaires and the Bloomberg Billionaires Index.
  • Biographical Records: Educational and career history sourced from Reuters, The Wall Street Journal, and official university alumni directories.
  • Regulatory Filings: Shareholder and executive disclosures from stock exchange databases, including HKEX, SSE, SZSE, and SEC EDGAR.
  • Corporate History: Primary data from annual company reports, founding charters, and verified press announcements.

All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.

If you find any inaccuracies, please report them to admin@redcarpetlife.in

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