Norway has a new richest person - at least when you look at the capital based in the country.
Gustav Magnar Witzøe, the young salmon billionaire from the island of Frøya outside Trondheim is now the king of the hill in Norway. This is evidenced by taxable income lists presented by Dagens Naeringsliv.
Magnar Witzøe overtook investment magnate and philantropist Trond Mohn, who dropped to third place. On second place is shipping magnate Kjell Inge Rokke.
Magnar Witzøe is worth a staggering $1.8 billion and together with his family owns 53% of Norwegian salmon producer “Salmar,” which was gifted to him in 2013 by his father Gustav Witzoe.
The 24-year old is known for enjoying the good life, taking great interest in travel, fashion, tattoos and golf. But he’s also a keen supporter of the country’s entrepreneurs, having this year invested in Norwegian Snapchat-challenger Gobi and
Airbnb host service Keybutler .
In 2016, Gustav Magnar Witzøe had a taxable wealth of over 11.14 billion Norwegian kroner ($1,4 bn), an increase of NOK 1.3 billion compared with the previous year, according to DN.no. The Salmar share increased by 75 per cent in value in 2016.
Forbes lists Magnar Witzøe as Norway's 10th richest person overall, and the world's third youngest billionaire behind his compatriots the Andersen sisters.
