Rank #785
Torbjorn Tornqvist
Net worth $5.4B
Oil trading · Sweden
- Born
- Nov 08, 1953
- Age
- 72
- Source
- Oil trading
- Residence
- Geneva
- Citizenship
- Sweden
- Marital status
- Children
- 0
- Education
- Graduate, Stockholm University
Net worth over time
Biography
- Torbjörn Törnqvist is the Swedish cofounder of Gunvor, a global energy and commodities group.
- Gunvor has a diverse portfolio that includes 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 cofounder Gennady Timchenko in 2014, following the Russian invasion of Crimea.
- Törnqvist owned more than 80% of Gunvor until December 2025, when he sold his stake to a group of employees and stepped back from the company.
- 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.