Torbjorn Tornqvist
$5.4B
Born
Nov 08, 1953
Age
72
Source of Wealth
Oil trading
Residence
Geneva,
Citizenship
Sweden
Marital Status
Children
0
Education
Graduate, Stockholm University
- Torbjörn Törnqvist is the Swedish co-founder of Gunvor, a global energy and commodities group with over 1800 employees operating in over 100 countries.
- The oil trader has a diverse portfolio including refineries, pipelines, terminals, LNG carriers, and biofuel and hydrogen plants.
- Törnqvist got his start at British Petroleum in 1977, and launched Gunvor in 2000.
- He bought out his co-founder Gennady Timchenko in 2014, following the Russian invasion of Crimea.
- Törnqvist now owns 88.4% of Gunvor, with the rest now held by company employees.
- Törnqvist is an avid sailor; his Artemis Racing team has raced in the America's Cup and now develops tech to cut emissions in maritime trade.
- In 2015, Tornqvist paid himself a $1 billion dividend, one of the biggest payments ever in the commodity-trading industry.
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