#1189

Gustav Magnar Witzoe

Norway 33 years old

Overview

Source of Wealth
Fish farming
Residence
Kverva
Marital Status
Single

Assets

  • Assa Abloy AB
    425,000 shares @ -
    -
    ASSA.B-SE
  • Atlas Copco
    1,240,000 shares @ -
    -
    ATCO.A-SE
  • Salmar ASA
    56,368,000 shares @ -
    -
    SALM-NO
  • Sandvik
    509,000 shares @ -
    -
    SAND-SE
  • Volvo AB Class B
    550,000 shares @ -
    -
    VOLV.B-SE

Biography

Gustav Magnar Witzoe owns nearly half of Salmar ASA, one of the world's largest salmon producers.

His stake was gifted to him in 2013 by his father, Gustav Witzoe, who founded the company in 1991.

Salmar has led the industrialization of fish farming in Norway, refining the product into more sophisticated cuts with higher margins.

The elder Witzoe still runs the company; Gustav Magnar, meanwhile, is trying to make his own mark investing in real estate and tech startups.

About

Fish farming is now one of Norway's biggest industries; in 2016 Salmar harvested close to 130,000 tons of salmon.

In 2017 Salmar installed the world's first off-shore fish farm.