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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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.
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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His father, Pekka Herlin, rewrites his will (Pivotal Event).
The family dispute ends; KONE splits, and Ilkka receives a majority stake in Cargotec (Corporate Split/Financial Milestone).
Continues as Chairman of Cargotec, guiding the global cargo handling giant (Executive Oversight).
Ilkka Herlin's wealth is concentrated in his controlling stake and executive leadership of the publicly traded industrial giant, Cargotec (Nasdaq Helsinki: CGCBV).
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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.
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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-6.3% | -$163.21M
+0.21% | +$2.43M
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