Tetra Pak billionaire Hans Rausing dies at 93

Tetra Pak billionaire Hans Rausing dies at 93

Hans RausingPicture copyright
Rausing household

Hans Rausing, the Swedish billionaire who helped construct Tetra Pak into a world big, has died aged 93.

He ran the cardboard packaging agency from 1950 till 1995 when he offered his share within the enterprise to his brother.

The household’s fortune, estimated by Forbes at $12bn (£9.8bn), has supported philanthropic causes in recent times.

Nevertheless Mr Rausing’s household was hit by scandal in 2012 when his son was given a suspended jail sentence for failing to report the loss of life of his spouse.

Hans Rausing’s father Ruben based packaging big Tetra Pak, later Tetra Laval, in 1944. The unique design for the modern cardboard packaging was a tetrahedron. Nevertheless the agency’s fortunes actually took off within the late 1960s below the management of Hans and his brother Gad.

The invention of the now extra frequent cube-shaped cartons and aseptic know-how to protect the contents, helped Tetra Pak change heavier, breakable glass bottles in a rising variety of markets.

  • Watch: How the Tetra Pak grew to become 1,000,000 greenback thought

Within the 1980s the Rausing brothers moved to the UK with a view to keep away from the upper fee of tax of their house nation and Hans Rausing shot to the highest of the UK’s richlist.

After he left the household agency, in 1995 Mr Rausing, who lived in Wadhurst, East Sussex, devoted a part of his time to philanthropy. Greater than £1bn was given to causes together with innovation and analysis in drugs, human rights, tradition and the setting, his household stated.

In 2006 he was made an honorary Knight Commander of the Order of the British Empire (KBE) for his philanthropic actions.

His three kids stated in a joint assertion: “Our father was a unprecedented man, reaching so many issues in his lengthy and distinguished profession as entrepreneur and industrialist, after which as a philanthropist supporting a number of charities and foundations.

“We’re very pleased with that, however most of all we’ll cherish our fond reminiscences of him as a loving father and devoted household man.”

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