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Tetra Pak billionaire Hans Rausing dies at 93

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Tetra Pak billionaire Hans Rausing dies at 93

Hans Rausing, the Swedish billionaire who helped build Tetra Pak into a global giant, has died aged 93.

Axar.az reports citing foreign media.

He ran the cardboard packaging firm from 1950 until 1995 when he sold his share in the business to his brother.

The family's fortune, estimated by Forbes at $12bn (£9.8bn), has supported philanthropic causes in recent years.

However Mr Rausing's family was hit by scandal in 2012 when his son was given a suspended prison sentence for failing to report the death of his wife.

Hans Rausing's father Ruben founded packaging giant Tetra Pak, later Tetra Laval, in 1944. The original design for the innovative cardboard packaging was a tetrahedron. However the firm's fortunes really took off in the late 1960s under the leadership of Hans and his brother Gad.

The invention of the now more common cube-shaped cartons and aseptic technology to preserve the contents, helped Tetra Pak replace heavier, breakable glass bottles in a growing number of markets.

Date
2019.08.30 / 23:36
Author
Axar.az
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