Meet the 22-Year-Old Who’s Now The Third Youngest Billionaire in the World


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Incredibly young and good-looking, Gustav Magnar Witzøe, 22, is the third youngest billionaire on Forbes’ list of richest people in the world.

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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.

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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.

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

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

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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.

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

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

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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.

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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.

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Kerry Dolan, assistant managing editor of Forbes, told the Telegraph:

“Their fortune is all inherited, but it is remarkable that the three youngest billionaires on the list are Norwegian.”

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Alexandra Andresen, 19, recently made headlines for being the youngest billionaire in the world with a family fortune originally founded in the tobacco industry. She and her older sister Katharina Andresen, 20, are both ranked 1,476th on Forbes’ list this year with a net worth of $1.2 billion.

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