Ilona Herlin

About Ilona Herlin

Ilona Herlin is the great-granddaughter of Finnish business leader Harald Herlin, who invested in Kone Elevators in 1924.

After her father's death in 2003, Ilona and her siblings discovered the will had been rewritten leaving most of the ownership in Kone to brother Antti

Angered that they had never been informed, the siblings battled for control. The dispute ended in 2005, with Kone being split in two.

Antti maintained control over the elevator business while his siblings were given stakes in Cargotec, producer of machinery for heavy duty ship cargo.

Niklas, one of the siblings, passed away in 2017. Three of the siblings are billionaires.