Capital: This is Norway’s richest

Capital: This is Norway’s richest

Annually, the magazine Kapital presents an overview of the country’s 400 richest people. In total, the group controls assets worth NOK 1,883 billion.

Since last year, the group’s total assets have increased by around NOK 88 billion. The billionaires on the list have on average increased their assets by 11 per cent, says Trygve Hegnar, editor and owner of Kapital.

– The richest people on our list have an average fortune of four to five billion kroner. I find that sensational, says Hegnar to TV 2.

See the top list at the bottom of the case!

Increase in billionaires

We now have a total of 444 billionaires in Norway, but to be in the top 400 club you must have a fortune of NOK 1.2 billion or more.

CAPITAL: Trygve Hegnar is a Norwegian businessman, who is the founder, editor and owner of the magazines Kapital and Finansavisen. Photo: Heiko Junge

Hegnar explains that the rise in the prosperity of the billionaires indicates that the Norwegian economy is doing very well.

– Those who make money from oil, gas and electricity are part of an upswing. The industries that have done poorly for five years, such as the offshore sector, have done well as a result of the troubled situation in Europe, says Hegnar.

– Can you say that the rich have become richer because of the war in Ukraine?

– There are probably some who have profited from the unrest in Europe, but it will always be like that, says Hegnar.

According to Kapital, there have been 37 new billionaires in Norway. Hegnar thinks the increase is remarkable.

– They come from the shipping, fish farming and food sectors. It is the same industries that still produce new billionaires, says Hegnar.

The richest

Shipowner John Fredriksen is again at the top of the list with a fortune of NOK 124 billion, an increase of NOK 10 billion from last year. According to Kapital, the ship owner has become an average of NOK 16 million richer every day for 20 years.

THE RICHEST: John Fredriksen is a Norwegian-born oil and shipping magnate with Cypriot citizenship.  According to Kapital, he has a fortune of NOK 124 billion.  Photo: INTS KALNINS

THE RICHEST: John Fredriksen is a Norwegian-born oil and shipping magnate with Cypriot citizenship. According to Kapital, he has a fortune of NOK 124 billion. Photo: INTS KALNINS

That makes Fredriksen the richest Norwegian of all time. According to Kapital, the shipowner has increased its assets from six billion in 2002 to 124 billion in 20 years.

In second place is colonial major Odd Reitan, with a fortune of NOK 64 billion, an increase of NOK 13 billion from 2021. Followed by hedge fund manager Ole Andreas Halvorsen in third place. He is good for 62.5 billion, Kapital’s calculations show.

Odd Reitan owns and runs the family business Reitangruppen together with his two sons, Ole Robert and Magnus Reitan. They own, among other things, Rema 1000.

THE FAMILY BUSINESS: Last year, the Reitan group had a total turnover of 104 billion, according to Kapital.  Father Odd Reitan (front) sons Ole Robert Reitan (right) and Magnus Reitan (right).  Photo: Ned Alley

THE FAMILY BUSINESS: Last year, the Reitan group had a total turnover of 104 billion, according to Kapital. Father Odd Reitan (front) sons Ole Robert Reitan (right) and Magnus Reitan (right). Photo: Ned Alley

The so-called grocery barons are among those who do it the best, says Hegnar.

– The grocery sector always does well, and we see several in the top ten list, says Hegnar and refers to:

Owner of NorgesGruppen Johan Johannson in fourth place. The group includes, among others, Kiwi, Meny, Joker and Spar. Johannson’s fortune has increased from 51 billion in 2021 to 61.5 billion this year.

Hotel king Petter Anker Stordalen climbs up from 11th place to 10th place. This year, Stordalen increases its assets by 50 per cent to NOK 28 billion.

ON THE TABLE: Petter Anker Stordalen, who is a Norwegian hotel owner, property developer, investor and art collector, was 11th last year with a fortune of 19 billion.  Now he is in 10th place with 28 billion.  Photo: Vidar Ruud

ON THE TABLE: Petter Anker Stordalen, who is a Norwegian hotel owner, property developer, investor and art collector, was 11th last year with a fortune of 19 billion. Now he is in 10th place with 28 billion. Photo: Vidar Ruud

According to the magazine, hotel prices have increased and earnings have exploded, after several years of closures. Stordalen benefits from that.

Very few women on the list

There are only four women among the 50 richest on Kapital’s list of Norway’s 400 richest. We have to go all the way down to 29th place to find a woman.

Norway’s richest woman is shipping heiress Else Helene Sundt, with an estimated fortune of NOK 8.7 billion.

– I notice that the proportion of women on the list is only twelve percent, and that the women on the list manage only seven percent of the assets, which is not good, says Trygve Hegnar.

According to the magazine, very few of the women have built up their own fortune entirely by themselves.

The entire overview of Norway’s 400 richest, and more about the billionaires, can be found at Kapital.no.

Posted in TV

Leave a Reply

Your email address will not be published.

A note to our visitors

This website has updated its privacy policy in compliance with changes to European Union data protection law, for all members globally. We’ve also updated our Privacy Policy to give you more information about your rights and responsibilities with respect to your privacy and personal information. Please read this to review the updates about which cookies we use and what information we collect on our site. By continuing to use this site, you are agreeing to our updated privacy policy.