By 1929, Kreuger Controlled 400 Companies and Rivaled J.P. Morgan
David Senra · The Financial Genius Behind A Century of Wall Street Scandals: Ivar Kreuger · May 15, 2024 · at 48:18
David Senra summarizes the explosive scale of Ivar Kreuger's match monopoly empire and capital expansion across Europe and Wall Street during the 1920s.
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“From 1923 to 1929, Ivar tripled his funds raised from American investors, persuaded the New York Stock Exchange to list his securities, pulled even with JP Morgan as a leading lender to Europe by securing match monopolies in several countries, built a 125 room match palace in Stockholm, and in general got really, really rich. And by 1929, he has 400 companies.”
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