Gustav Magnar Witzøe is a Norwegian billionaire and significant shareholder of salmon fish farming company Salmar ASA.
According Forbes he is one of the youngest billionaires in the world.
- Born: 1993 (age 27 years), Frøya Municipality, Norway
- Full name: Gustav Magnar Witzøe
- Net worth: 3.1 billion USD (2020)
- Parents: Gustav Witzøe, Oddny Witzøe
Follow Gustav Magnar Witzoe
About Gustav Magnar Witzoe
Witzøe was born on 8 February 1993 in Frøya, Trøndelag, Norway. He’s son of Gustav and Oddny Witzøe.
When he was 19 Witzøe served two weeks in prison after being arrested for driving 116 km/h in a 60 km/h zone.
.
His father founded SalMar in 1991, which is one of the world’s largest producers of farmed salmon. SalMar also owns a significant stake in Scottish Sea Farms, the UK’s second-largest salmon farmer.
Salmar has led the industrialization of fish farming in Norway, refining the product into more sophisticated cuts with higher margins.
In 2013, Witzøe’s father transferred 47% of the company to him to allegedly avoid a large inheritance tax bill.
.
Witzoe’s father still runs the company, Salmar, meanwhile, he is trying to make his own mark investing in real estate and tech startups.
Witzøe has invested in technology start-up and property. He previously worked for MGM Property, and invested in both Gopi and Keybutler.
Witzøe is involved with the family business and worked as a milker at SalMar’s fish farms in Frøya. As of 2020, his net worth was $2.9 billion.