Age, Biography and Wiki

Mikael Ljungman was born on 25 November, 1963 in Östermalm, Stockholm, Sweden, is a Swedish politician, lawyer and businessman. Discover Mikael Ljungman's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is he in this year and how he spends money? Also learn how he earned most of networth at the age of 60 years old?

Popular As N/A
Occupation Businessman
Age 60 years old
Zodiac Sign Sagittarius
Born 25 November, 1963
Birthday 25 November
Birthplace Östermalm, Stockholm, Sweden
Nationality Sweden

We recommend you to check the complete list of Famous People born on 25 November. He is a member of famous Businessman with the age 60 years old group.

Mikael Ljungman Height, Weight & Measurements

At 60 years old, Mikael Ljungman height not available right now. We will update Mikael Ljungman's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

Physical Status
Height Not Available
Weight Not Available
Body Measurements Not Available
Eye Color Not Available
Hair Color Not Available

Dating & Relationship status

He is currently single. He is not dating anyone. We don't have much information about He's past relationship and any previous engaged. According to our Database, He has no children.

Family
Parents Not Available
Wife Not Available
Sibling Not Available
Children Not Available

Mikael Ljungman Net Worth

His net worth has been growing significantly in 2023-2024. So, how much is Mikael Ljungman worth at the age of 60 years old? Mikael Ljungman’s income source is mostly from being a successful Businessman. He is from Sweden. We have estimated Mikael Ljungman's net worth, money, salary, income, and assets.

Net Worth in 2024 $1 Million - $5 Million
Salary in 2024 Under Review
Net Worth in 2023 Pending
Salary in 2023 Under Review
House Not Available
Cars Not Available
Source of Income Businessman

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Timeline

1963

Mikael Ljungman (born 25 November 1963) is a Swedish politician, lawyer and businessman.

2003

Ljungman's company 3P PreForm Marketing and Research began performing research and development work for Gizmondo Europe in 2003 and was paid $7.6 million.

2004

Ljungman was arrested on 19 October 2004, but released shortly thereafter pending trial.

2005

He is also known for his association and involvement with two high-profile tech failures: the game console manufacturer Gizmondo in 2005 and IT Factory in 2008.

After his release from prison, Ljungman became active in the Christian Democrats legal policy network.

2006

After Gizmondo Europe's bankruptcy in early 2006, the liquidators had outstanding questions about Ljungman and his company's involvement with Gizmondo Europe Ltd; they were perfectly satisfied with Ljungman's answers.

2007

The sentence included disqualification from running a company in Sweden for five years, which was reduced to three years starting from 2007 after the successful appeal.

2008

In May 2008, Carl Freer bought Gizmondo Europe's intellectual property rights.

Ljungman worked with Freer on the relaunch of the Gizmondo, with Freer calling him his "co-pilot".

He traveled to China in early 2008 to arrange manufacturing, a contract purported to be worth $300M.

The relaunch of Gizmondo never materialized.

In December 2008 Danish company IT Factory went bankrupt revealing systematic financial fraud.

Ljungman was linked to IT Factory's CEO Stein Bagger, who went missing four days before the company's collapse was publicly announced.

Bagger fled from Dubai to the United States and eventually surrendered to police in Los Angeles, where he was found to have Ljungman's car and to have used his credit card.

2009

He was 2009–2010 convicted of fraud and false accounting related to his business activities, for which he served a two-year prison term.

Ljungman was found guilty of false accounting and tax evasion on 26 January 2009.

Ljungman initially received a two-year prison sentence; which was reduced to 10 months on appeal after the tax evasion charges were dismissed.

Ljungman's appeal went to the supreme court where it was denied and he was imprisoned in late April 2009.

On 9 January 2009 the Deputy Attorney in charge of fraud cases in Denmark announced that they wanted to question Ljungman.

Danish police sent out an arrest warrant for Ljungman via Interpol.

He was arrested by Swedish police in Norrköping where he had just started his ten-month sentence in an open prison and was extradited to Denmark on 27 July 2009.

Danish media claimed that the Swedish police had found a fake leasing contract linking IT Factory with Xiop, a Swedish company where Ljungman had worked as Business Developer.

This specific claim was denied by the Swedish prosecutor Yngve Rydberg.

Yngve Rydberg also said at the time there was no suspicion of Ljungman being involved in the crimes being investigated in Sweden.

On the first day of his trial Stein Bagger named Ljungman as his accomplice.

2010

On 26 March 2010 Ljungman was convicted of involvement in the IT Factory fraud in Denmark, and was released under supervision in September 2013 after serving slightly less than half of a seven-year sentence.

Ljungman denied involvement in Stein Bagger's fraud and appealed his sentence, however as of the time of his supervised release, no successful appeal had been completed.

Ljungman claimed he was interested in IT Factory's software PaaS, that he and Media Power tried to buy when IT Factory was liquidated.

The software was instead sold to a German company.

2012

In December 2012, Danish authorities recovered a portion of the money stolen from IT Factory from accounts in Hong Kong and Jersey belonging to Mikael Ljungman.

2014

He was selected as a Christian Democrats parliamentary candidate for the 2014 Swedish elections, as number 32 on their Stockholm candidate list.

Mikael Ljungman has a Masters of Laws (LL.M.) from Stockholm University.

He also studied political science.

Shortly after he had served his prison term he was selected as a parliamentary candidate for the Christian Democrats in the 2014 Swedish elections as well as one of their representatives in the municipal elections and county council elections.