Norway is one of the richest countries in the world. It is ranked seventh in the International Monetary Fund´s statistics on GDP per capita based on purchasing power parity. Outsiders think that the discovery of oil make Norway a rich country, whereas Norwegian believe Norway was rich before the discovery of oil.
Ever wondered what are the other sources of wealth in Norway except than oil? One can make an ssumption based on the richest people of a country. Of course such tycoons have noticeable contributions in enlarging country´s economy. But Norwegian who are ranked richest in our list have some other income sources than oil. Here is the list of the richest people living in Norway.
Norwegian origin John Fredriksen is the owner of the world´s largest tanker field. His empire includes oil tankers, dry bulkers, LNG carriers and deepwater drilling rigs. In 1960s in Beirut, he got into oil trading; in the 70s he bought his first tankers; in the 80s he ran crude for Iran and had tankers hit by missiles. He made a fortune during the Iran-Iraq wars. Fredriksen (Net Worth $10B) gave up his Norwegian citizenship in favor of tax-haven Cyprus.
Norwegian real estate magnate Olav Thon bought his first building in 1951 and opened his first restaurant in 1966. Now his Olav Thon Group is Norway's largest private real estate company, with 450 properties, including 60 hotels. Thon grew up as a farm boy who only went to the city to sell fox pelts. He's proud of his success, and his large tax bill, which he says he is glad to pay. Having no heirs, Thon has announced his intention to give away all his properties and assets (Net Worth $6B) to society, particularly to medical science, through the establishment of an independent foundation.
Odd Reitan (born 1951) is CEO and Chairman of the Board of the mother company Reitangruppen AS, as well as Chairman of the Board for all other areas of business. After graduating he opened his first store in 1972. It was called “Sjokkpris” (Shock Prizes) – and he opened the first REMA 1000 store in 1979. His grocery store REMA 1000’s success can be determined by the fact that its franchise is in every village of Norway. Now his Reitangruppen owns grocery and convenience stores throughout Scandinavia and the Baltic, and employs more than 38,000 people.
Kjell Inge Rokke is chairman of Aker, an industrial group with stakes in oil companies, ship charterer and real estate. He got his start selling fish off a boat in Seattle before returning to Norway where he built a fleet and a reputation as a ruthless corporate raider.
Johan Johannson and his family own nearly 75% of NorgesGruppen, the Norwegian grocery store chain he inherited from his father and uncle. The company has been family-run since it was founded in 1866. Norgesgruppen's more than 1,850 grocery stores and 650 convenience storeshold nearly 40% of the market in Norway. NorgesGruppen operates stores like Kiwi, Deli de Luca, Storcash, Joker, Meny.
Andreas Halvorsen is founding partner and CEO at Viking Global Investors. He co-founded firm in 1999. After flagship Viking Global hedge fund lost 4% net of fees in 2016, Halvorsen parted with CIO Daniel Sundheim and returned $8 billion to investors. In 2017 Viking's main hedge fund returned about 12% net of fees, driven by its long positions.
Arne Wilhelmsen launched Royal Caribbean Cruises in 1969. It's now one of the largest cruise ship companies in the world with a fleet of 25.
Gustav Magnar Witzoe @guswitzoe owns 47% of Salmar ASA, one of the world's largest salmon producers. His stake was gifted to him in 2013 by his father, Gustav Witzoe, who founded the company in 1991. Salmar has led the industrialization of fish farming in Norway, refining the product into more sophisticated cuts with higher margins. The elder Witzoe still runs the company; Gustav Magnar is also a technology startup and property investor.
Stein Erik Hagen is chairman of Orkla, where he is major shareholde, and holds large stakes in Steen & Strøm, Jernia and Komplett through his family company Canica.
Torstein Hagen is Chairman of Viking, which includes river and ocean cruise product lines. Viking was established in 1997 with the purchase of four ships in Russia. In 2000, the company purchased Europe’s KD River Cruises in order to grow its fleet, to leverage 40 years of river cruising experience and to acquire rights to prime docking locations in key European cities. The company expanded into the American market in 2000, establishing US headquarters in Los Angeles, California. Through rapid expansion, the company has grown to be the world’s #1 River Cruise Line, with double-digit growth in recent years. And with the launch of its ocean fleet in 2015, the company has also become the leader in small ship ocean cruising.
Petter Stordalen - @petterstordalen, is a self-made businessman. He is ownner of Strawberry, a corporate group consisting of 11 different companies within real estate, finance, hotels, art and sustainable businesses. He owns Scandinavia's largest hotel chain, Nordic Choice Hotels, which has 188 hotels in six countries and employs 13,695.