Frederik Paulsen, Jr.: Billionaire Entrepreneur & Philanthropist
“Can you hear me OK? It’s not a great line…” those were some of my first words to Frederik Paulsen, Jr. – the Chairman of Ferring Pharmaceuticals; a company he inherited as…
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“Can you hear me OK? It’s not a great line…” those were some of my first words to Frederik Paulsen, Jr. – the Chairman of Ferring Pharmaceuticals; a company he inherited as…
In this exclusive interview series, we speak to some of the world's most successful entrepreneurs: Sir Richard Branson (Founder of Virgin Group), Robin Li (Founder of Baidu), Sir James Dyson (Founder of Dyson), Professor…
From the archive
I believe many of our new generation of entrepreneurs put too much significance on money, and not enough on ideas. If you have a great idea, and the skills to execute that idea, the money will come.
— Frederik Paulsen, Jr.The key to being successful in business is trust, you have to trust the people you work with. This trust must co-exist with competence. Many people weigh trust higher than competence, however competence is absolutely key.
— Frederik Paulsen, Jr.If you are someone who has generated wealth, you have the responsibility to make sure this money is used to benefit the community. This is something that exists in all philosophies, cultures, and all religions. You have an obligation to the people around you, and your society.
— Frederik Paulsen, Jr.Just before my father passed away, the company had grown considerably. He said to me, 'I have six children, and who would have believed that you, Frederik, out of all my children would have been the one that succeeded!' I'm not sure that was a compliment!
— Frederik Paulsen, Jr.Today, entrepreneurship is fashionable, it's something you can develop in your character and strengthen. I'm not so sure… I believe that entrepreneurship is something you're born with, or not. I've met many highly intelligent, and incredibly bright people who have not been able to develop their ideas into sensible businesses. Entrepreneurship is not related to intelligence, it's something you have or don't have.
— Frederik Paulsen, Jr.I believe many of our new generation of entrepreneurs put too much significance on money, and not enough on ideas. If you have a great idea, and the skills to execute that idea, the money will come.
— Frederik Paulsen, Jr.If you are someone who has generated wealth, you have the responsibility to make sure this money is used to benefit the community. This is something that exists in all philosophies, cultures, and all religions. You have an obligation to the people around you, and your society.
— Frederik Paulsen, Jr.The key to being successful in business is trust, you have to trust the people you work with. This trust must co-exist with competence. First and foremost the people in your business have to be extremely competent at what they do, and then it's up-to you as a leader to have trust in them.
— Frederik Paulsen, Jr.I believe that entrepreneurship is something you're born with, or not. I've met many highly intelligent, and incredibly bright people who have not been able to develop their ideas into sensible businesses. Entrepreneurship is not related to intelligence, it's something you have or don't have.
— Frederik Paulsen, Jr.