Norway is home to some ultra-wealthy billionaires, with Ivar Tollefsen having the highest net worth. These billionaires come from a variety of industries, including real estate, logistics, fashion & retail, and food & beverage.
How many billionaires are in Norway?
As of 2025, there are a total of 10 billionaires in Norway, with 7 of them living in Oslo, 1 in Kverva, 1 in Trondheim, and 1 in Vettre.
Top 5 Billionaires in Norway 2025
Who has the highest net worth in Norway?
1. Ivar Tollefsen
Ivar Tollefsen is a male billionaire born in 1961. He is a self-made billionaire with a net worth of 8,200 million US dollars, ranking 270th in the world in 2025. His source of wealth is real estate and his business interests include real estate and other related industries. Recently, Tollefsen has expanded his portfolio into sustainable urban development projects, emphasizing eco-friendly construction in Scandinavia.
2. Kjell Inge Rokke
Kjell Inge Rokke, born in 1958, is a self-made male billionaire with a net worth of 5,500 million USD in 2025. He is ranked 510th in terms of wealth worldwide. His business operates in the Logistics and Shipping industries, with seafood being associated with his business interests. His wealth is sourced from Logistics. Rokke has also increased his investments in renewable energy, particularly offshore wind farms, aligning with global green energy trends.
3. Odd Reitan & family
Odd Reitan, born in 1951, is a male non-self-made billionaire. According to the data from 2025, his total worth is 4,800 million U.S. dollars, ranking 600th in terms of wealth worldwide. His business operates in the Fashion & Retail and Real Estate industries and his source of wealth is Retail. The Reitan family has recently ventured into digital retail platforms to enhance their market reach across Europe.
4. Gustav Magnar Witzoe
Gustav Magnar Witzoe, born in 1993, is a male, non-self-made billionaire with a final net worth of 3,000 million U.S. dollars in 2025, ranking him 1,050th in the world. His primary source of wealth is fish farming, a subcategory of the food and beverage industry, and he is also associated with other industries in the food and beverage sector. Witzoe has been active in promoting sustainable aquaculture practices and has invested in tech startups focused on environmental conservation.
5. Stein Erik Hagen
Stein Erik Hagen, born in 1956, is a self-made male billionaire with a net worth of 2,400 million U.S. dollars in 2025, ranking 1,400th in terms of wealth worldwide. His primary source of wealth is consumer goods and he is associated with the fashion and retail industries. Hagen has recently increased his philanthropic efforts, particularly supporting arts and education initiatives in Norway.
Sources:
Forbes Billionaires List 2025
Statista: Billionaires in Norway 2025
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