Lego Billionaires’ Family Office Hit by Poor Investment Returns

Profits dropped at the family office of the billionaire owners of Lego last year after disappointing returns in its investment arm offset a standout year at the toymaker.

Kirkbi, owner of 75% of the colorful brick maker, made less money after posting a 3.5% drop in net income to 16.9 billion kroner despite record profit at Lego A/S. The drag came from the firm’s financial assets, which underperformed due to currency fluctuations and an underexposure to high-growth industries.