Erik Selin Net Worth

Erik Selin has an estimated net worth of $3.7 billion, according to Forbes Real-Time Billionaires, Erik Selin profile (figures as of October 20, 2026). That is up from $2.3 billion in 2019.

Erik Selin is a Swedish property developer and the founder, CEO and controlling owner of Fastighets AB Balder, a publicly traded real estate company. Born in 1967, he lives in Gothenburg. He is also chairman of Collector AB, Collector Credit AB and the Finnish housing company SATO Oyj.

Selin was hooked on investing early. He says he began reading annual reports at age 12 and started trading securities at 14 with money from summer jobs. He skipped college to focus on his stock investments, but he lost everything in the crash of 1987. That setback pushed him into buying and selling property instead, the business that would make him a billionaire.

How Erik Selin made his money

Selin's property career started with a bold loan. At age 24 he convinced a local bank to lend him $2 million to finance a residential development in Ängelholm, Sweden. He kept building from there, trading properties and growing a portfolio of homes and commercial buildings.

In 2005 he founded Fastighets AB Balder, which is now the source of his fortune. Today 56% of the real estate Balder holds is residential. The company also owns 50 hotels, making it one of Sweden's largest hotel owners. Balder is a partner in a new travel center in Sweden that was reportedly one of the last projects of the architect Zaha Hadid. Because Balder trades on the stock market, his wealth moves with property shares and interest rates.

Selin has also used his position to back other businesses. As chairman of Collector, a Swedish lender, and SATO, one of Finland's big rental housing owners, he keeps close ties between Balder and the wider Nordic property and finance world. That network has helped Balder keep growing across the region.

How Forbes has valued Erik Selin

Forbes valued Selin at $2.3 billion in 2019 and $2 billion in 2020. Low interest rates then lifted property stocks, and his figure jumped to $3.9 billion in 2021 and $4.9 billion in 2022.

Rising rates hit real estate in 2023, when Forbes cut him to $3 billion. He recovered to $4.1 billion in both 2024 and 2025, and matched his high at $4.9 billion on the 2026 World's Billionaires List. As of October 20, 2026, the Forbes real-time billionaires tracker showed $3.7 billion, a reminder of how quickly listed property values can shift.