Jan Stenbeck
Encyclopedia
Jan Stenbeck
Jan Stenbeck (14 November 1942 in Stockholm
, Sweden
– 19 August 2002 in Paris
, France
) was a Swedish
media owner. He was brother of the former Swedish Minister for Foreign Affairs, Margaretha af Ugglas
. Stenbeck was one of Sweden's wealthiest people, worth some $
800 million.
Stenbeck graduated with a law degree
from Uppsala University
and later graduated with an MBA from Harvard Business School
. After Harvard, he went to work at for Morgan Stanley
at Wall Street
.
After his father, Hugo Stenbeck
, had died, Jan Stenbeck returned to Sweden and gained control over Investment AB Kinnevik
after a bitter feud with his sister. He came to change the focus of the investment company away from traditional Swedish industries, such as pulp and paper industry
and steel
manufacturing and towards media and tele communication. Control of the group was passed to his daughter Cristina Stenbeck
after his death.
Jan Stenbeck (14 November 1942 in Stockholm
Stockholm
Stockholm is the capital and the largest city of Sweden and constitutes the most populated urban area in Scandinavia. Stockholm is the most populous city in Sweden, with a population of 851,155 in the municipality , 1.37 million in the urban area , and around 2.1 million in the metropolitan area...
, Sweden
Sweden
Sweden , officially the Kingdom of Sweden , is a Nordic country on the Scandinavian Peninsula in Northern Europe. Sweden borders with Norway and Finland and is connected to Denmark by a bridge-tunnel across the Öresund....
– 19 August 2002 in Paris
Paris
Paris is the capital and largest city in France, situated on the river Seine, in northern France, at the heart of the Île-de-France region...
, France
France
The French Republic , The French Republic , The French Republic , (commonly known as France , is a unitary semi-presidential republic in Western Europe with several overseas territories and islands located on other continents and in the Indian, Pacific, and Atlantic oceans. Metropolitan France...
) was a Swedish
Sweden
Sweden , officially the Kingdom of Sweden , is a Nordic country on the Scandinavian Peninsula in Northern Europe. Sweden borders with Norway and Finland and is connected to Denmark by a bridge-tunnel across the Öresund....
media owner. He was brother of the former Swedish Minister for Foreign Affairs, Margaretha af Ugglas
Margaretha af Ugglas
Märta Margaretha af Ugglas née Stenbeck is a former Swedish Moderate Party politician. She was Minister for Foreign Affairs between 1991 and 1994....
. Stenbeck was one of Sweden's wealthiest people, worth some $
Dollar
The dollar is the name of the official currency of many countries, including Australia, Belize, Canada, Ecuador, El Salvador, Hong Kong, New Zealand, Singapore, Taiwan, and the United States.-Etymology:...
800 million.
Stenbeck graduated with a law degree
Law degree
A Law degree is an academic degree conferred for studies in law. Such degrees are generally preparation for legal careers; but while their curricula may be reviewed by legal authority, they do not themselves confer a license...
from Uppsala University
Uppsala University
Uppsala University is a research university in Uppsala, Sweden, and is the oldest university in Scandinavia, founded in 1477. It consistently ranks among the best universities in Northern Europe in international rankings and is generally considered one of the most prestigious institutions of...
and later graduated with an MBA from Harvard Business School
Harvard Business School
Harvard Business School is the graduate business school of Harvard University in Boston, Massachusetts, United States and is widely recognized as one of the top business schools in the world. The school offers the world's largest full-time MBA program, doctoral programs, and many executive...
. After Harvard, he went to work at for Morgan Stanley
Morgan Stanley
Morgan Stanley is a global financial services firm headquartered in New York City serving a diversified group of corporations, governments, financial institutions, and individuals. Morgan Stanley also operates in 36 countries around the world, with over 600 offices and a workforce of over 60,000....
at Wall Street
Wall Street
Wall Street refers to the financial district of New York City, named after and centered on the eight-block-long street running from Broadway to South Street on the East River in Lower Manhattan. Over time, the term has become a metonym for the financial markets of the United States as a whole, or...
.
After his father, Hugo Stenbeck
Hugo Stenbeck
Hugo Edvard Stenbeck was a Swedish lawyer and founder of Investment AB Kinnevik. He belonged to a group called in to investigate the collapse of Ivar Kreuger's financial empire. Two of his children became famous in their own right - Jan Stenbeck took over and transformed the family company and...
, had died, Jan Stenbeck returned to Sweden and gained control over Investment AB Kinnevik
Investment AB Kinnevik
Investment AB Kinnevik is an investment company established in 1936 by Wilhelm Klingspor and Robert von Horn. They had just sold their sugar company and were left with a farming company Mellersta Sveriges Lantbruks AB and cash. Their lawyer was Hugo Stenbeck. The lawyer got significant operating...
after a bitter feud with his sister. He came to change the focus of the investment company away from traditional Swedish industries, such as pulp and paper industry
Pulp and paper industry
The global pulp and paper industry is dominated by North American , northern European and East Asian countries...
and steel
Steel
Steel is an alloy that consists mostly of iron and has a carbon content between 0.2% and 2.1% by weight, depending on the grade. Carbon is the most common alloying material for iron, but various other alloying elements are used, such as manganese, chromium, vanadium, and tungsten...
manufacturing and towards media and tele communication. Control of the group was passed to his daughter Cristina Stenbeck
Cristina Stenbeck
Cristina Mayville Stenbeck, born 27 September 1977 in New York, USA, is a Swedish American business woman and the heiress of the Swedish capitalist Jan Stenbeck....
after his death.