Portrait of Vitaly Orlov

Rank #3139

Vitaly Orlov

Net worth $1.2B

Fisheries · Russia

Born
Dec 08, 1965
Age
60
Source
Fisheries
Residence
Murmansk
Citizenship
Russia
Marital status
Married
Children
4
Education
Master of Science in Engineering, Murmansk Higher Marine Engineering School

Net worth over time

Biography

  • Vitaly Orlov is the CEO and cofounder of Norebo Holding, the largest vertically integrated seafood company in Russia.
  • In the late 1990s, Orlov and two partners, who he later bought out, started a business buying used fishing trawlers then exchanged for fish in Russia.
  • Over the years, Norebo has spent $600 million to acquire fishing companies in the North and Far East of Russia.
  • Today Norebo, which operates 15 companies, catches 400,000 tons of cod, haddock and pollock a year in the Norwegian Sea, Barents Sea and the Far East.
  • Orlov moved to Norway in 1996 and lived there until 2014. He gave up his Norwegian citizenship when he moved back to Murmansk, Russia.