Stefan Löfven Net Worth $4.5 Million

Kjell Stefan Löfven (Swedish pronunciation: [ˈstěːfan lœˈveːn]; officially Löfvén; born 21 July 1957) is a Swedish politician serving as Prime Minister of Sweden since 2014 and Leader of the Swedish Social Democratic Party since 2012.

After leaving school and completing his compulsory military service in the Air Force, Löfven was trained in welding and subsequently began a career as an active trade unionist. He rose to be elected as an ombudsman within the Swedish Metalworkers’ Union (SMU) and was eventually elected as the first Chairman of IF Metall in January 2006, a major new trade union formed from a number of smaller unions, including the SMU, voting to merge.

After the resignation of Håkan Juholt, in January 2012, Löfven was unanimously selected by the executive board of the Social Democratic Party to replace him as the party’s new leader. This also made Löfven the Leader of the Opposition, despite the fact that he did not have a seat in the Riksdag at the time.

Löfven led the Social Democrats into the 2014 election. Despite initial opinion poll leads, the party only gained a single seat, but due to the poor performance of the governing Moderate Party, who lost 23 seats, Löfven was able to form a minority coalition government with the Green Party. He was appointed Prime Minister of Sweden on 3 October 2014. He secured a second term in the aftermath of the inconclusive 2018 election, which saw both main parties suffer losses; after a months-long impasse that set a new record for government formation, Löfven was able to secure abstentions from MPs belonging to the Centre Party, the Left Party and the Liberals, and was re-elected by the Riksdag in January 2019.

Löfven was born 21 July 1957 in Aspudden, Stockholm, and his father died before he was born. He was placed in an orphanage before being looked after by a foster family from Sunnersta, Sollefteå, where he grew up. According to the agreement with this family, his birth mother would regain custody of him when she was able to; however, this did not happen.

His foster father Ture Melander (1926–2003) was a lumberjack and later a factory worker, while his foster mother, Iris Melander (née Söderlund, 1929–2020), worked as an in-home caregiver. He studied at Sollefteå High School before starting a 48-week welding course at Arbetsmarknadsutbildningen (AMU, Unemployment Career Training) in Kramfors, and it is unclear whether he completed the course. Löfven later studied social work at Umeå University, but dropped out after a year and a half.

Löfven has been a member of the Social Democrats since the age of 13 and was active in SSU, the youth league, in his teens. Löfven was elected to the executive board of the Social Democrats in 2006, shortly after becoming chairman of trade union IF Metall.