Martin Lorentzon Age:biography and wiki
Entrepreneur Martin Lorentzon (Sven Hans Martin Lorentzon) was born in Borås, Sweden, on April 1, 1969. Learn about Martin Lorentzon’s height, age, physical characteristics, dating history, affairs, family, and professional updates. Find Out How Much Money He Has This Year and How Much He Spends? Discover how, at the age of 54, he made the majority of his net worth as well.
| Popular As | Sven Hans Martin Lorentzon |
| Occupation | Entrepreneur |
| Age | 54 years old |
| Net Worth in 2023 | 4.3 billion USD (2020) |
| Zodiac Sign | Aries |
| Born | 1 April, 1969 |
| Birthday | 1 April |
| Birthplace | Marieholm, Småland, Sweden |
| Nationality | Swedish |
We suggest perusing the entire roster of Well-Known Individuals born on April 1st. He belongs to the renowned 54-year-old Entrepreneur group. He is one of the wealthiest Swedish-born entrepreneurs.
Table of Contents
Martin Lorentzon Height, Weight & Measurements
Martin Lorentzon’s height, at 54, is currently unavailable. As soon as we have more information, we’ll update Martin Lorentzon’s height, weight, body measurements, eye and hair colors, shoe and dress sizes.
Physical Status
| Height | n/a |
| Weight | n/a |
| Body Measurements | n/a |
| Eye Color | n/a |
| Hair Color | n/a |
Dating & Relationship status
As of right now, he is unmarried. He’s not in a relationship. Regarding His prior relationships and engagements, we don’t know a lot. Our database indicates that he is childless.
Family
| Parents | n/a |
| Wife | n/a |
| Sibling | n/a |
| Children | n/a |
Timeline
He has been dating Tara Derakshan, a Swedish businesswoman of Iranian descent, since 2017. He also has invested in her new venture, the subscription box for perfumes called Sniph.
As a result, Lorentzon won the title of International Swede of the Year in 2014 and the Svenska Dagbladet newspaper’s Affärsbragden (The Business Achievement) award in 2015. Chalmers University of Technology awarded Lorentzon an honorary doctorate in the spring of 2015. As part of a Moderate Party commission on Ulf Kristersson’s New Swedish Model, Lorentzon was given the responsibility of becoming an expert on immigrant integration concerns in April 2019.
He is one of the investors in the website student.com, which assists students in finding housing.
Martin used his personal funds to pay for offices, music licenses, and the salaries of developers. They made an effort to draw in investors’ capital, but Martin was not happy with the terms of their cooperation offer. Martin ended up with the highest stake in Spotify as a result of these unforeseen costs; his option is valued at over $4 billion, and he controls 12.7% of the company together with 43.3% of the voting rights. Hagnö, who chose to support his former colleague’s new venture, now controls 6.6% of the shares, which are valued at US$1.5 billion.
He became involved with the Prince Daniel’s Fellowship initiative in 2013 and now travels around Sweden to speak at universities, college campuses, and upper secondary schools, encouraging the next generation of entrepreneurs. He was chosen to become a member in 2016.
of the Department of Education and Research of the Royal Swedish Academy of Engineering Sciences, which fosters communication and interaction between industry, academia, and government.
The media discussed Lorentzon’s connection to the Swedish tax agency in April 2013. Companies owned by Lorentzon that are connected to Telia and Spotify are located in offshore financial centers: Amaltea is located in Luxembourg, while Rosello is registered in Cyprus. He reregistered TradeDoubler on Cyprus in 2005, which resulted in a $9 million tax payment reduction. He paid 1.4 million euros in taxes in 2006. By then, Spotify had also reregistered in Luxembourg, a country with a low income tax. Media reports state that Martin filed a zero-income statement between 2007 and 2010, yet he owes the Swedish tax office six million euros. In response, he asserted that
In addition to pointing out the taxes he and his business pay in Sweden, he finds it challenging to get venture funding for his ideas there.
In addition to holding 230 thousand shares, Lorentzon’s first job was serving as a member of the Telia board of directors from April 2013 to March 2018. He claimed he resigned out of disinterest, but not before Telia attempted to sell off all of its Spotify holdings before the company went public, which would have been detrimental to the business.
Ek and Lorentzon agreed to launch a new business in April 2006, which they intend to keep private. Martin sent Ek a million euros and resigned from the Tradedoubler board. In June 2006, Spotify was officially registered. A musical
They were both well-versed in the online advertising industry, which generates revenue for the streaming service.
Prior to Ek assuming these positions, Lorentzon served as Chairman of the Board of Directors from 2008 to 2016 and Chief Executive Officer from 2006 to 2013. They assert in interviews that they are great friends and that they have spoken every day at least since 2006.
Since 2005, he has made Vasastan, Stockholm, his home. He owns a flat in the Åre ski resort.
He secured an internship at Telia, a telephone firm, in 1995. He developed a strong rapport with his supervisor and, as a result, relocated to the AltaVista headquarters in San Francisco. He got a career in investing and met the top web entrepreneurs in Silicon Valley. Felix Hagnö, the proprietor of a Swedish apparel label Joy, was introduced to the startup Cell Ventures. Hagnö stated that it can be difficult for a small business to locate customers online, therefore they made the decision to address this issue. Netstrategy, which was launched in September 1999 by Lorentzon and Hagnö, went on to become Tradedoubler, the top European marketplace. The company soon turned a profit both financially and socially: in 2001 it was awarded the Swedish Guldmusen prize for “IT-rookie of the Year”, in 2002 it was given the Swedish Trade Council in the United Kingdom’s “Achievement Award” for being the most successful Swedish company in the UK the previous year, and in 2004 it was given the Swedish “Export Hermes” prize for being the best Swedish exporting company. Lorentzon learnt how to negotiate with potential investors at that point. He
relocates to Germany. Peak online sales are occurring, and he sold his Tradedoubler option for US$70 million in 2005. He acknowledges that luck has a part in his achievement. He spent ten years overseas before returning to Sweden. Young Daniel Ek founded the advertising service Advertigo, which Tradedoubler acquired in March 2006. After they soon became friends, they discovered that their shared experiences with despair were brought on by sudden wealth and a lack of direction. After moving into a new apartment in April 2005, Lorentzon has only purchased an IKEA chair and a mattress in the past year.
He enrolled at Chalmers University of Technology in 1990 to study industrial economics, and he eventually completed his master’s degree in civil engineering there.
Swedish entrepreneur Sven Hans Martin Lorentzon (pronounced [ˈmɎʈːɪn ˈlôːrɛn̊sɦn]) is a co-founder of Tradedoubler and Spotify. He was born on April 1, 1969. He was on the Telia Company board from 2013 until 2018. He has been an expert on the integration challenges faced by immigrants in Sweden since April 2019 for the New Swedish Model commission of the Moderate Party.
On April 1, 1969, Martin Lorentzon was born in the village of Åsenhöga in the Gnosjö district of the province of Småland, in the southern part of Sweden. His family relocated to Borås in February 1970, where he was raised in the Hestra neighborhood.
His father, Sven, was an economist born on July 1, 1932, and his mother, Brita, was a teacher born on September 21, 1936. Two of Lorentzon’s siblings are older.