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Maths O. Sundqvist
Maths-Olov Sundqvist (October 23, 1950 - September 23, 2012) was a Swedish entrepreneur and business magnate. Sundqvist was one of Sweden's wealthiest individuals, but in the wake of the financial crises of 2008, he was forced to sell most of his possessions at huge losses.〔(Maths O. Sundqvist död ), Dagens Nyheter, September 23, 2012〕
==Life and career ==
Sundqvist was born in 1950 in Offerdal in Krokom municipality in Sweden.〔Sveriges befolkning 1990. Sundqvist, Maths O.〕 He began his business career by developing his father's bus company and finally selling it in 1979 to the municipality of Östersund for 8.7 million Swedish kronor.〔(LT:s räddare död ), Resume, September 24, 2012.〕 He used the proceeds to found his personal investment company ''Skrindan'', which grew aggressively to become a big player in real estate.〔 In 1992, he rescued the local newspaper ''Länstidningen'' in Östersund as it fell into financial difficulties. In 2002 he controlled a majority stake at the ''Länstidningen'',〔 as well as several other local companies.〔
Sundqvist was ranked in 2007 by the Swedish business magazine the ''Affärsvärlden'' as one of Sweden's wealthiest individuals after his acquisition of large blocks of shares in a number of Swedish corporations such as Hexagon, Fabege, Industrivärden and SCA. In 2008, his total portfolio was worth 10.4 billion Swedish kronor, and his portfolio of real estate was worth 7-8 billion Swedish kronor.〔(Maths O. Sundqvist hittad död ), Aftonbladet, September 23, 2012.〕
Due to declining stock prices during the 2008 financial crisis, Sundqvist was forced to sell large blocks of shares to refinance loans. Sundqvist had more than a billion in debts at the Carnegie Investment Bank, and was a contributing factor that the bank lost its banking license and was taken over by the Swedish National Debt Office.〔 As Sundqvist was forced to sell most of his shares, he suffered huge losses.〔
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
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