Meet the 23-Year-Old Who’s Now The Third Youngest Billionaire in the World

By Sarah Lesnar, Next Shark

Incredibly young and good-looking, Gustav Magnar Witzøe, 23, is the third youngest billionaire on Forbes’ list of richest people in the world.

The ridiculously wealthy and eligible bachelor is the heir to SalMar, a family-founded business that is one of the world’s largest producers of farmed salmon.

Witzøe, whose net worth is estimated to be $1.1 billion, earned the title of Norway’s youngest billionaire in 2013 after his father transferred all ownership of SalMar to his son in order to avoid a large inheritance tax, Undercurrent News reported. He had just finished high school the year before.

Witzøe appears to be quite involved with the family business and has previously worked as a milker at SalMar’s fish farms in Freya.

Witzøe had previously dabbled in real estate investments and worked for MGM Property, according to Norway’s Adressa.

However, Witzøe’s fortune is mainly derived from his holdings in Salmar, which was valued at nearly 14.5 billion krona ($1.7 billion) at the Oslo Stock Exchange in 2014.

SalMar also has a huge stake in Scottish Sea Farms, Great Britain’s second-largest salmon farmer.

The young Witzøe billionaire appears to stay out of the spotlight and keeps a very low-key profile.

His Instagram account includes a few pictures that gives users a glimpse into the life of a seemingly well-grounded heir to a massive fortune.

Witzøe along with two other Norwegian sisters are the three youngest billionaires in the world and are all coincidentally heirs to Norwegian family-owned corporations.

Originally Published at Next Shark

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Written by Abel Udoekene Jnr

Abel is a blogger, a social media strategist and a small business influencer.


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