Martin Lorentzon, who co-founded Spotify alongside Daniel Ek, says he will relocate out of Sweden without delay should the country adopt a wealth tax, according to a new report. His comments arrive ahead of Sweden’s general election on September 13, in which taxation of high-net-worth individuals has become a central campaign issue.
Lorentzon’s fortune is tied largely to his Spotify holdings, making him one of the highest-profile figures with a stake in how the vote plays out. The threat underscores broader tension between Sweden’s political parties over how to tax the country’s wealthiest residents, several of whom built fortunes through the tech and startup sectors that produced Spotify itself.
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