after an m.b.a. from harvard business school in 1964, he worked in sweden and was ceo of the newspapers "dagens nyheter" and "expressen" between 1973 and 1980. after that he founded his company investment ab latour in 1984, through which he now controls security firm securitas ab, the world-leading lock producer assa abloy and more. he formed a partnership with fellow businessman melker schörling, who also controls a significant amount of securitas shares and serves as the company's chairman. he is the eleventh wealthiest person in sweden, according to "forbes" magazine, with an estimated net worth of around us$3.2 billion as of march 2013.