Gustav Magnar Witzøe (born February 8, 1993, in
Frøya Municipality
Frøya is the westernmost List of municipalities of Norway, municipality in Trøndelag Counties of Norway, county, Norway. It is part of the Fosen Districts of Norway, region and consists of the Frøya (island), island of Frøya, which lies nor ...
) is a
Norwegian billionaire and significant shareholder of salmon fish farming company
SalMar ASA.
He is one of the youngest billionaires in the world, his father having made him SalMar's main shareholder for inheritance tax purposes when he was 18.
Early life
Witzøe was born in
Frøya Municipality
Frøya is the westernmost List of municipalities of Norway, municipality in Trøndelag Counties of Norway, county, Norway. It is part of the Fosen Districts of Norway, region and consists of the Frøya (island), island of Frøya, which lies nor ...
in Trøndelag county, to businessman Gustav and carer Oddny Witzøe. His father founded SalMar, 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.
Aged 18, his father made him SalMar's main shareholder, primarily for inheritance tax purposes.
Career
Witzøe is involved with the family business and worked as a milker at SalMar's fish farms in Frøya.
As of 2024, his net worth was $3.8 billion.
Witzøe is also a technology startup and property investor. He previously worked for MGM Property,
and has invested in both Gopi and Keybutler.
Legal issues
At the age of 19, Witzøe served a two-week prison sentence for reckless driving and overtaking at a speed of in a zone.
References
{{DEFAULTSORT:Witzoe, Gustav Magnar
1993 births
Living people
Norwegian billionaires
People from Frøya, Trøndelag