Rank #124
Torstein Hagen
Net worth $22.0B
Cruises · Norway
- Born
- Feb 18, 1943
- Age
- 83
- Source
- Cruises
- Residence
- Lucerne
- Citizenship
- Norway
- Marital status
- Divorced
- Children
- 2
- Education
Net worth over time
Biography
- Torstein Hagen started Viking Cruises in 1997, at age 54, with four riverboats in Russia.
- He had previously served as CEO of upmarket cruise line Royal Viking. He was forced to step down in 1984 after a failed bid to buy the company.
- Viking caters to wealthy, American retirees and has over 70 river cruise ships, which primarily traverse Europe's major waterways.
- Hagen began to offer ocean cruises in 2015 and now has six 930-passenger ships.
- Since 2016, Hagen has sold 23% of Viking Cruises to TPG Capital and the Canada Pension Plan Investment Board, for a total of $672 million.
- In May 2024, Viking went public on the New York Stock Exchange, raising more than $1.5 billion.
- Hagen helped Holland America stave off bankruptcy in the 1970s and served on its board for three decades.
- Hagen spent several years investing in shipping companies and once had to sell the art off his walls to settle a margin call.
Financial assets
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