Melker Schörling held a net worth of US$12.5 billion as of May 2021, according to the Bloomberg Billionaires Index. His career spanned from executive management roles at major Swedish corporations to the operation of his private investment vehicle, which held significant stakes in companies such as Securitas AB, Assa Abloy, Hexagon AB, and Loomis.
Education and Early Professional Path
Born in 1947 in Arboga Municipality, Sweden, Schörling pursued his tertiary education at the University of Gothenburg. He graduated from the School of Business, Economics and Law before establishing his presence within the Swedish business landscape. His professional history includes an affiliation with the Stockholm School of Economics.
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In 1987, Schörling assumed the role of CEO at Securitas AB. He subsequently transitioned to a leadership position at Skanska, working during the tenure of chair Percy Barnevik. These roles preceded his shift toward managing personal investment interests, a strategy that would define the latter portion of his career.
Melker Schörling AB
Schörling founded Melker Schörling AB (MSAB) to consolidate his business interests. In August 2006, he announced the transition of MSAB to a public entity, listing the firm on the Stockholm Stock Exchange. Alongside this listing, he installed a board of directors that included Stefan Persson and Carl-Henric Svanberg.
Succession and Retirement
In 2017, Schörling resigned from all positions within his company, citing health concerns. His daughters, Sophia and Märta, assumed responsibilities within the firm. Schörling, who resided in Stockholm throughout much of his career, passed away on 10 December 2023 in Nyköping at the age of 76.
Fast facts
- Born: 1947, Arboga Municipality
- Died: 10 December 2023, Nyköping
- Education: University of Gothenburg, School of Business, Economics and Law
- Major Investments: Securitas AB, Assa Abloy, Hexagon AB, Loomis
- Net Worth: US$12.5 billion (May 2021)
- Professional Role: CEO of Securitas (1987)
Questions readers ask
Who were Schörling's primary business partners?
He maintained a significant partnership with Gustaf Douglas, who held major shares in Securitas and Assa Abloy.
What happened to his business after he retired?
His daughters, Sophia and Märta, replaced him following his departure for health reasons in 2017.
Achievements
- Affiliated with Stockholm School of Economics
- Educated at University of Gothenburg and School of Business, Economics and Law
