Gustav Magnar Witzoe
$4.4B
Born
Apr 22, 1993
Age
33
Source of Wealth
Fish farming
Residence
Kverva,
Citizenship
Norway
Marital Status
Single
Children
0
Education
- 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.
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