Norway had 10 billionaires as of 2025, with 7 of them living in Oslo. How many billionaires are in Norway, and who is the richest? Retail magnate Odd Reitan holds the highest net worth among those profiled, worth about $9.1 billion as of 2026 from the Reitan Group. This guide profiles the nation's richest and where they are based.
Norway is home to some ultra-wealthy billionaires across a variety of industries, including real estate, logistics, fashion & retail, and food & beverage. As of 2026, retail magnate Odd Reitan holds the highest net worth among Norwegians profiled below.
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
Who are the richest people in Norway?
1. Ivar Tollefsen
Ivar Tollefsen is a male billionaire born in 1961. He is a self-made billionaire whose source of wealth is real estate, built through his investment company Fredensborg, one of Scandinavia’s largest residential property owners. As of 2026, Ivar Tollefsen is worth ~$4.2 billion (Forbes).
2. Kjell Inge Rokke
Kjell Inge Rokke, born in 1958, is a self-made male billionaire. His wealth is sourced from his industrial conglomerate Aker ASA, with interests spanning logistics, shipping and seafood. As of 2026, Kjell Inge Rokke is worth ~$7.7 billion (Forbes).
3. Odd Reitan & family
Odd Reitan, born in 1951, is a male billionaire. His source of wealth is retail: he owns the Reitan Group, one of the largest grocery and convenience-store operators in Scandinavia and the Baltics. As of 2026, Odd Reitan and family are worth ~$9.1 billion (Forbes).
4. Gustav Magnar Witzoe
Gustav Magnar Witzoe, born in 1993, is a non-self-made male billionaire and one of the world’s youngest billionaires. His primary source of wealth is fish farming, through his major stake in salmon producer SalMar ASA. As of 2026, Gustav Magnar Witzoe is worth ~$4.5 billion (Forbes).
5. Stein Erik Hagen
Stein Erik Hagen (born 1956) was a self-made Norwegian billionaire whose source of wealth was consumer goods and retail, including the Rimi discount chain and a major stake in Orkla held through his family company Canica. Hagen died on May 4, 2026, at the age of 69; at that time Forbes estimated his net worth at ~$2.8 billion. His fortune passed to his family.
Sources:
Forbes World’s Billionaires List 2026
List of Norwegians by net worth (cites Forbes 2026)
Orkla: Board Chair Stein Erik Hagen has passed away (May 2026)
Last updated: June 19, 2026
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