Portrait of Erik Must

Rank #2781

Erik Must

Net worth $1.4B

stock brokerage · Norway

Born
Jan 26, 1943
Age
83
Source
stock brokerage
Residence
Oslo
Citizenship
Norway
Marital status
Children
2
Education

Net worth over time

Biography

  • Erik Must is one of the largest private investors in the Norwegian stock market.
  • He got his start as a stock broker at the firm Hans P. Jeppesen, where he met Kjell Christian Ulrichsen.
  • The duo formed the brokerage firm Fondfinans and dominated Norwegian capital markets in the 70's and 80's thanks to savvy salesmanship.
  • In 1996, Must bought out Ulrichsen, and have used profits from Fondfinans to build up a large private stock portfolio.
  • Investments include large stakes in hydroelectric power company Arendals Fossekompani and Børregaard, a pulp and paper company.
  • Despite being the largest owner of some of Norway's largest newspapers, Must shuns the press and has only agreed to a handful of interviews over the years.

Financial assets

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