Gustav Magnar Witzøe (born February 8, 1993, in Frøya) is a Norwegian billionaire and significant shareholder of salmon fish farming company SalMar ASA.[1] He is one of the youngest billionaires in the world, his father having made him SalMar's main shareholder for inheritance tax purposes when he was 18.[2][3][4]
Gustav Magnar Witzøe | |
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| Born | February 8, 1993 |
| Occupations |
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| Known for | Youngest billionaire and major shareholder of SalMar |
Early life
editWitzøe was born in Frøya, Trøndelag, to businessman Gustav and carer Oddny Witzøe. His father founded SalMar, which is one of the world's largest producers of farmed salmon. SalMar also owns a significant stake in Scottish Sea Farms, the UK's second-largest salmon farmer.[2] Aged 18, his father made him SalMar's main shareholder, primarily for inheritance tax purposes.[4]
Career
editWitzøe is involved with the family business and worked as a milker at SalMar's fish farms in Frøya.[2] As of 2024, his net worth was $3.8 billion.
Witzøe is also a technology startup and property investor. He previously worked for MGM Property,[2] and has invested in both Gopi and Keybutler.[1][3]
Legal issues
editAt the age of 19, Witzøe served a two-week prison sentence for reckless driving and overtaking at a speed of 116 km/h in a 60 kmh/h zone.[1]
References
edit- ^ a b "This 24-year-old salmon billionaire now holds the biggest fortune in Norway". Business Insider. October 27, 2017. Archived from the original on October 27, 2017. Retrieved October 27, 2017.
- ^ a b c d "Meet the 22-Year-Old Who's Now The Third Youngest Billionaire in the World". Next Shark. March 4, 2016. Retrieved October 27, 2017.
- ^ a b "Gustav Magnar Witzoe". Forbes. Retrieved October 27, 2017.
- ^ a b Kelly, Guy (20 August 2022). "A day in the life of a 29-year-old billionaire". The Telegraph.