Gustav Magnar Witzøe

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Gustav Magnar Witzøe (born 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[edit]

Witzøe was born in Frøya, Trondheim, 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[edit]

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 December 2018, his net worth was $3.2 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[edit]

  1. ^ a b "This 24-year-old salmon billionaire now holds the biggest fortune in Norway". Business Insider. October 27, 2017. Retrieved October 27, 2017.
  2. ^ 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.
  3. ^ a b "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.