Portrait of John Fredriksen

Rank #132

John Fredriksen

Net worth $21.1B

Shipping · Cyprus

Born
Feb 01, 1945
Age
81
Source
Shipping
Residence
London
Citizenship
Cyprus
Marital status
Widowed
Children
2
Education

Net worth over time

Biography

  • Fredriksen's empire includes oil tankers, dry bulkers, LNG carriers and deepwater drilling rigs.
  • He first got into oil trading in the 1960s in Beirut, bought his first tankers in the 1970s, and ran crude for Iran in the 1980s.
  • His offshore drilling rig firm Seadrill emerged from bankruptcy in 2018, with Fredriksen helping to raise about $1 billion in new debt and equity.
  • He also owns a stake in Mowi, which has rolled up competitors to become the biggest fish farmer in the world.
  • Though set to hand control to twins Kathrine and Cecilie, he has said "My daughters should not have to live with the work everyday I've had."
  • Fredriksen gave up his Norwegian citizenship in favor of tax-haven Cyprus.
  • Fredriksen operates out of a 30,000 square foot mansion in London and relaxes in Marbella.

Financial assets

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