Swedish Pharmaceutical Billionaire
Frederik Paulsen is a Swedish businessman and a philanthropist who has an estimated net worth of $5 billion. He only entered the Billionaires list when he inherited Ferring Pharmaceuticals from his father.
When Frederik took over the business in 1983, it had annual revenue of $15 million. But now this biotech outfit boasts a sales figure of $1.7 billion. The company now manufactures a lot of products in the field of infertility, urology, endocrinology & obstetrics.
He is known to be a highly philanthropic person and has spent almost $10 million while undertaking a rat-eradication project in South Georgia. Every 2 – 3 years he builds a fertility clinic in Russia in an effort to check the population decline in the country.
He also donated $3 million to the Kingdom of Bhutan for the improvement of the Royal Textile Academy. He lives in Lausanne and is the father of three children. He is divorced from his wife.
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