Gustav Magnar Witzøe

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.[2][3]

Early life

Witzøe was born in Frøya, Trøndelag, to parents Gustav and 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]

When he was 19 Witzøe served two weeks in prison after being arrested for driving 116 km/h in a 60 km/h zone.[4]

Career

In 2013, Witzøe's father transferred 47% of the company to him to allegedly avoid a large inheritance tax bill.[5] Witzøe is involved with the family business and worked as a milker at SalMar's fish farms in Frøya.[2] As of 2020, his net worth was $2.9 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]

References
  1. "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.
  2. "Meet the 22-Year-Old Who's Now The Third Youngest Billionaire in the World". Next Shark. March 4, 2016. Retrieved October 27, 2017.
  3. "Gustav Magnar Witzoe". Forbes.com. Forbes. Retrieved October 27, 2017.
  4. https://www.abcnyheter.no/penger/naeringsliv/2018/06/18/195407453/gustav-25-er-norges-rikeste-jeg-har-sittet-i-fengsel
  5. "Son of SalMar founder is Norway's youngest millionaire". Undercurrent News. May 30, 2013. Retrieved October 27, 2017.
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