Last updated 7/10/2026

Pekka LundmarkNet Worth Estimate

Estimated Range$15.0M - $30.0M$15,000,000 - $30,000,000

Pekka Lundmark's estimated personal wealth is about USD 15 million to USD 30 million, with a wider plausible range of roughly USD 8 million to USD 50 million.

Image: EU2017EE Estonian PresidencyCreative Commons Attribution 2.0

Drivers

Wealth Breakdown

8 reviewed sources6 high-quality sources

Wealth composition$24,900,0001 source

Public shares1 input · 1 source · 50/100 confidenceIncluded$12,900,000

Executive savings1 input · 1 source · 48/100 confidenceIncluded$6,000,000

Prior executive wealth1 input · 1 source · 42/100 confidenceIncluded$6,000,000

Estimate

Current Assessment

Lundmark's visible wealth comes from listed-company executive compensation rather than founder ownership. Nokia pay and equity awards are the central inputs, supported by his CEO tenure and the current Nokia share price. The largest uncertainty is how many Nokia shares he still owns after leaving the CEO role in March 2025. Company revenue, market value, and unvested awards are not counted as personal net worth.

Key caveats

Nokia's current management shareholding table no longer lists Lundmark, so his current share count is not refreshed.
No reliable public source was found for private assets, real estate, or liabilities.
Awarded compensation is not the same as retained wealth after taxes, vesting, sales, and spending.

Evidence gaps

Post-departure shareholding and share-sale disclosures
Detailed realized-pay extraction for the transition year
Prior employer equity retained from Fortum and Konecranes

Confidence

Low confidence

42/100

Important source, ownership, or liability gaps materially limit the estimate reliability.

Key Evidence Gaps

Exact Lundmark Nokia shareholding from the 2024 Form 20-F or annual report tables.
Post-departure Nokia share sales, manager transaction notices, or other ownership updates after March 31, 2025.
Detailed 2024 and 2025 realized remuneration, including salary, STI, LTI vesting, pension, benefits, and termination treatment.
Fortum and Konecranes final-year remuneration, shareholding, and sale-proceeds evidence.
Current private investments, real estate, cash, debts, tax liabilities, and other personal assets.

Public Caveats

Low confidence: the estimate is modeled from executive compensation history and prior Nokia equity context, not from a current personal asset disclosure.
Nokia's July 9, 2026 management shareholding table does not list Lundmark after his March 31, 2025 CEO departure, so current Nokia share ownership is unknown.
The estimate excludes Nokia corporate value, revenue, market capitalization, and unvested awards not shown as personally owned assets.
Private investments, real estate, liabilities, share sales, and post-departure tax effects were not found in the supplied evidence.

Range Model

Scenario Spread

Conservative

$8.0M - $18.0M

Base

$15.0M - $30.0M

Aggressive

$25.0M - $50.0M

Uncertainty Drivers

No refreshed post-departure disclosure of Lundmark's current Nokia shareholding was found.
Accessible evidence did not provide a clean current ledger of vested versus unvested Nokia awards, exercised options, tax withholding, and share sales.
Private investments, bank assets, real estate, and liabilities are not publicly visible.
July 2026 Nokia share price is volatile and materially affects the valuation of any retained shares.
Prior Fortum and Konecranes equity or sale proceeds were not refreshed in this run.

Evidence

Reviewed Signals

Signal	Value	Confidence
Current holding gap Nokia's current management shareholding table does not list Lundmark after his departure, so current personal share ownership is a missing evidence category.	Current post-departure holdings missing	85/100
Prior CEO earnings Before Nokia, Lundmark had multi-year CEO roles at Fortum and Konecranes, implying accumulated executive earnings and possible listed-equity holdings outside Nokia.	Context for accumulated after-tax savings and investment portfolio	55/100
Retained Nokia shares Potential retained Nokia shareholding, valued against July 2026 NOK ADR price, is likely the largest visible asset but current holding is not refreshed after departure.	$12,900,000	50/100
Nokia executive compensation Nokia annual reports/Form 20-F filings disclose CEO remuneration and equity-award structure; realized and retained amounts are not identical to awarded compensation.	Material annual CEO pay, including salary, incentives, pension/benefits, and equity awards	65/100
Nokia CEO tenure Lundmark was Nokia's president and CEO from August 2020 to March 31, 2025, making Nokia compensation and equity awards the central wealth lane.	€5	88/100

Citations

Sources

Nokia Names Intel's AI, Data Center Head as New CEOTier 3
Pekka LundmarkTier 4
Reports and filingsTier 1
Nokia Corp. ADR outperforms competitors on strong trading dayTier 2
Nokia replaces chief executive as it struggles to lift sales and share priceTier 2
Nokia Annual Report 2024 (Form 20-F)Tier 1
Annual Report 2025Tier 1
Management shareholdingTier 1

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Correction

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