Frederick Paulson net worth
Frederick Paulson Net Worth: Frederik Paulsen is a Swedish businessman with a net worth of $5.2 billion. A newcomer to the billionaire circle, Frederik Paulsen inherited a small drugmaker from his father, who started the company 60 years ago. When Frederik took over the company in 1983, it was generating $15 million in annual revenue.
Under his leadership, the biotechnology company, which manufactures products for infertility, obstetrics, urology, gastroenterology and endocrinology, has current sales of $1.7 billion. In addition to growing the company, he has been actively donating to charitable projects around the world since 1998. He donated $10 million to support the eradication of rats on South Georgia Island in the Falkland Islands. Frederick Paulson is also setting up fertility clinics in Russia, one every two years, to stem the country’s precipitous population decline. In addition, he donated over $3 million and a large number of tapestries to the Kingdom of Bhutan, all in support of its new Royal Textile Institute. He is a great adventurer and takes extreme trips three or four times a year. Frederick Paulson was the first person to cross the Bering Strait from Alaska to Russia in an ultralight aircraft a little bigger than a lawn chair attached to a kite and a propeller.
