Stein Erik Hagen
#1540

Stein Erik Hagen

Norway 69 years old Self-Made

Overview

Source of Wealth
Consumer goods
Residence
Oslo
Marital Status
Married
Children
4

Assets

  • Anora
    378,000 shares @ -
    -
    ANORA-FI
  • Orkla ASA
    8,762,000 shares @ -
    -
    ORK-NO

Biography

Stein Erik Hagen founded the discount supermarket Rimi with his father in the 1970s.

In 2014 Hagen appointed his daughter, billionaire Caroline Marie Hagen Kjos, to take over the reins of his family's investment company Canica AS.

Caroline, now chairman, owns a majority of the holdings, though Stein Erik maintains a seat on the board.

He created Canica upon selling his stake in Rimi in 1998, after the chain had merged with Sweden's ICA; it later merged with Dutch retailer Ahold.

Canica has investments across Scandinavia, including consumer goods manufacturer Orkla, which Hagen chairs, and hardware store chain Jernia.