Torstein Hagen

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Torstein Hagen
Torstein Hagen (1988).jpg
Hagen in 1988
Born 1943 (age 74–75)
Norway
Residence Lucerne, Switzerland
Nationality Norwegian
Alma mater Norwegian Institute of Technology
Harvard University
Occupation Founder & chairman,
Viking Cruises
Years active 1974–present
Net worth US$2.2 billion (March 2018)[1]
Spouse(s) Ellen-Karine Hagen (div. 2017)
Children 2

Torstein Hagen (born 1943)[2][3] is a Norwegian billionaire businessman, and the founder and chairman of Viking Cruises.

Early life and education[edit]

Hagen was born and raised in Norway.[3][4] He earned a degree in physics at the Norwegian Institute of Technology[4] and an MBA from Harvard Business School in 1968.[3]

Career[edit]

Early years in cruise industry (1974-96)[edit]

Hagen was a consultant, and later partner, for McKinsey & Company in Europe, helping to bring Holland America Line back from near-bankruptcy in 1974.[5] In 1976, he became CEO of Bergen Steamship Company (Bergenske Dampskibsselskab), and then became CEO of Royal Viking Line from 1980 to 1984.[2][5] He joined the board of Holland America Line in 1985, and later served on the board of Kloster Cruise.[5] In the early 1990s, he acquired a 27% stake in Royal Nedlloyd, a Rotterdam-based shipping company, becoming the biggest shareholder. He sold his shares several years later at a loss.[3][5][6]

Viking Cruises (1997-present)[edit]

In 1997, Hagen founded Viking River Cruises with the purchase of four river ships, launching the company with four Russian river cruises.[4][5] In May 2013, the company announced plans to start an ocean cruise division, and changed its name to Viking Cruises.[7][8] Its first ocean cruise was launched in 2015.[9] As of 2017, the company has a fleet of over 60 vessels,[10][11] and four ocean going ships.[7]

Personal life[edit]

Hagen is divorced[12] with two children, and lives in Lucerne, Switzerland.[4] His daughter Karine Hagen works for Viking River Cruises.[13]

References[edit]

  1. ^ "Forbes profile: Torstein Hagen". Forbes. Retrieved 15 March 2018. 
  2. ^ a b "The Second Coming Of Torstein Hagen: Full Circle In Bergen". Avidcruiser.com. 2015-05-24. Retrieved 2017-03-20. 
  3. ^ a b c d "When Holland Inc. Goes Shopping, Belgium Always Gets Bought Out - WSJ.com". Online.wsj.com. Retrieved 2013-10-17. 
  4. ^ a b c d Fran Golden, "Perfect Examples," Porthole Cruise Magazine, August 21, 2017.
  5. ^ a b c d e Arnie Weissmann, "Rolling on the rivers," Travel Weekly, April 2, 2013.
  6. ^ Schwammenthal, Daniel. "Dutch Discount - WSJ.com". Online.wsj.com. Retrieved 2013-10-17. 
  7. ^ a b Erica Silverstein, "Viking Ocean Cruises Takes Delivery of New Cruise Ship," Cruise Critic, September 26, 2017.
  8. ^ Tom Stieghorst, "Viking Cruises' Torstein Hagen," Travel Weekly, October 25, 2016.
  9. ^ Christian L. Wright, "Cruise Vacations for the Anti-Cruise Crowd," Wall Street Journal, April 4, 2017.
  10. ^ O'Bannon, Isaac M. (1 March 2017). "Viking Launches Third Luxury Ocean Liner". CPA Practice Advisor. Retrieved 23 March 2017. 
  11. ^ Anne Kalosh, "Pair of Viking Longships are named in Koblenz," Seatrade Cruise, March 7, 2017.
  12. ^ "Divorcing Norwegian couple spend £10m in legal fees," Financial Times, June 28, 2017.
  13. ^ Hamburg Messe (2015-06-26). "Karine Hagen is Viking Sea's godmother". Seatrade-cruise.com. Retrieved 2017-03-20. 

External links[edit]