His name is Gustav Magnar Witzøe and he is only 24-years-old, an age when many haven’t even figured out what to do with their life.
The Norwegian national is also the 3rd youngest billionaire in the world eclipsed only by sisters Alexandra Andresen, 21 and Katharina Andresen, 22 of investment company Ferd.
Gustav Magnar owns almost half of Norwegian fish farming company Salmar, a stake that was gifted to him by his father when he was just 19. He’s now worth a staggering $1.9 billion (£1.4 billion), according to Forbes.
And Gustav knows how to enjoy his wealth as is evidenced by his Instagram posts where he documents a lot of the happenings in his life.
Gustav Magnar’s extreme wealth comes from his stake in Norwegian fish farming company Salmar. He owns almost half of the firm, which is one of the world’s largest salmon producers.
Gustav Witzøe, his father, founded the company in 1991 and gifted Gustav Magnar’s stake to him in 2013, when he was just 19.
This was not an easy decision as Gustav Witzøe, who still runs the company, said that the family had “long discussions” over the decision to put a 19-year-old in charge of the company’s shares. “There are pluses and minuses,” he reportedly said. “It can affect you in many ways, good and bad. It could affect relationships with friends.”
Check out his amazing life below.
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