Wiklof was driving 82 kilometers per hour (51 miles per hour) in a 50 kilometer per hour (31 miles per hour) zone when police stopped and ticketed him on Saturday. Along with getting the fine, he had his driver's license suspended for 10 days.
He told the Nya Åland newspaper that the road switched from a 70 km/h to a 50 km/h zone. He claimed he was slowing down, but not before the police caught him speeding.
"I really regret the matter and hope that the money is in any case used for healthcare through the treasury," Anders Wiklof said.
Wiklöf controls 100 percent of the Wiklöf Holding company that runs over 20 businesses in the logistics, construction, helicopter services, real estate, trade, and tourism sectors. According to its website, the company had a turnover the equivalent of 247 million euros ($264 million) in 2020 and an operating profit of 11 million euros ($11.7 million).
It wasn't the first time Wiklof was caught driving too fast. In 2018, he was fined €63,680 (roughly $68,000), and he had to cough up €95,000 (roughly $102,000) five years earlier, also making international headlines then.
Source: DW