Who Is The Swedish Billionaire Who Bought 400K Acres of the Amazon?

They say money can’t buy happiness but maybe it can buy conservation. For Swedish billionaire, Johan Eliasch, perhaps they are one and the same. The financier, industrialist and environmentalist takes his passions seriously: in 2005, he purchased 400,000 acres or 1,600 square kilometres of Amazonian rainforest in Brazil for the sole purpose of conservation.

We won’t argue with using your green for good. Here are some more facts about the man trying to save the environment, one rainforest at a time:

  1. He became interested in the environment and climate change after noticing that you can’t ski in Stockholm anymore

Growing up, Eliasch would ski from late October until April in his native Stockholm. When he realised that was no longer the case, he began to look closer at the Kyoto Protocol and treaties that address the environment.

  1. His career has been defined by sports

An avid skier from a young age, Eliasch is the current president of the International Ski Federation (FIS), and before that, was the CEO of HEAD, the tennis racket brand and sports equipment company, which he saved from bankruptcy when he joined in 1995 at the age of 33. 

  1. He was tapped by the Prime Minister of the United Kingdom to look into the role of deforestation on climate change

In 2007, Eliasch was invited to investigate clean energy and how deforestation contributes to climate change for then-prime minister Gordon Brown. His recommendations became part of the government’s framework for reducing emissions from deforestation, and earned him a role as a non-political special representative for the prime minister. 

  1. He purchased a logging company to stop it from logging

Gethal Amazonias, a plywood exporter in the Brazilian rainforest, used to carry out logging and sawmill operations that in its early days, were not certified or sustainable. Eliasch purchased the company in 2005, and made the logging operations a thing of the past.

  1. He established Rainforest Trust, an international conservation NGO which purchases threatened tropical rainforests to protect them

In 2005, Eliasch created Rainforest Trust to advance efforts to preserve endangered rainforests, saving the animal species and biodiversity from deforestation. To date, the organisation has 37 million acres of rainforest across the world, keeping 2,245 endangered and vulnerable species protected. Through Rainforest Trust, he purchased 400,000 acres of Amazon rainforest near the Madeira River. 

  1. He co-heads Cool Earth, his own non-profit focused on supporting rainforest communities to halt deforestation

Eliasch might have money coming out of his ears but that doesn’t mean he doesn’t care about the environment, or giving back. His organisation, Cool Earth, seeks to give cash directly to those who live in the rainforest, to fund projects that protect those communities. The logic here is that indigenous people have protected and nurtured the rainforest for thousands of years. By backing them, and recognising their work to fight the climate crisis, we can restore the earth and the carbon potential of tropical rainforests.

  1. His net worth is estimated at £2.4 billion.

That is HK$24,992,976,000.

  1. He is using his role at FIS to make the world more climate positive

Some may wonder why the president of a ski federation is so interested in the rainforest, a very different environment than the snow needed for the sport. But Eliasch believes the world is fully connected and each person has a responsibility to protect all of the planet’s ecosystems, not just the ones they use most.

Most recently, he put out a statement announcing that FIS has pledged to join the ‘Race to Zero’ campaign to reduce the organisation’s carbon emissions in half by 2030, toward the global race to zero emissions.

The second announcement was the FIS Rainforest Initiative, which will compensate all FIS emissions from its events by investing in rainforest conservation projects and reduce the group’s carbon footprint.

While Eliasch knows these projects are not enough, he knows every action counts. Afterall, Eliasch says, “The time for all of us to act is now.”

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