Gustav Magnar Witzoe

Net worth over time

Biography

• Gustav Magnar Witzoe owns nearly half of Salmar ASA, one of the world's largest salmon producers.
• His stake was gifted to him in 2013 by his father, Gustav Witzoe, who founded the company in 1991.
• Salmar has led the industrialization of fish farming in Norway, refining the product into more sophisticated cuts with higher margins.
• The elder Witzoe still runs the company; Gustav Magnar, meanwhile, is trying to make his own mark investing in real estate and tech startups.
• Fish farming is now one of Norway's biggest industries; in 2016 Salmar harvested close to 130,000 tons of salmon.
• In 2017 Salmar installed the world's first off-shore fish farm.

Financial assets