The Match King: Ivar Kreuger, The Financial Genius Behind a Century of Wall Street Scandals

2010

Biography

by

Frank Partnoy

Biography of Ivar Kreuger, the entrepreneur who built a global match empire in the 1920s and 1930s. Through aggressive financial engineering, he became a banker to nations. He raised money in the U.S. stock market and used those funds to issue loans to governments in exchange for national match monopolies. The book describes how a mix of opaque financials, fraud, overextension, and the stock market crash ultimately brought down his empire — and led to his death.

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Jermaine's Notes

June 2025

Kreuger's empire and deals were complex. Fascinating look at pre-central bank government borrowing. Cautionary tale on leverage and shifting stock market sentiment. Read 2010 hardcover.

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