Meet Gustav Magnar Witzøe, The Young Norwegian Billionaire with a Heart for Philanthropy

April 26
Meet Gustav Magnar Witzøe, The Young Norwegian Billionaire with a Heart for Philanthropy

Introducing Gustav Magnar Witzøe: from local salmon farms to global billionaire, explore the life of Norway’s most intriguing young magnate.

Meet Gustav Magnar Witzøe, the Norwegian billionaire who became one of the world’s youngest billionaires at just 19 years old when he inherited a 47% stake in SalMar ASA, one of the largest salmon producers globally. Born and raised on the small island of Frøya, Witzøe’s story is not just about immense wealth but also about grounded beginnings and a strong work ethic instilled by his parents, Gustav and Oddny Witzøe.

Despite the luxury that now surrounds him, Witzøe’s early years were marked by simplicity and hard work. Before stepping into the boardroom, he spent two years working on salmon farms, learning the family business from the ground up—a decision that underscores his approach to life and leadership. His deep respect for his parents is permanently inked on his skin with a tattoo that reads “My true heroes,” emphasizing their profound influence on his life.

Today, Witzøe balances his time between managing billion-dollar investments and strutting the catwalk as a model on events like New York Fashion Week. His Instagram feed features a jet-setting lifestyle with stops in global capitals, driving fancy cars, and attending high-profile events. Yet, he stays connected to his roots, making time for weekly visits back home to Frøya to touch base with family and old friends.

Aside from his business ventures and modeling career, Witzøe is deeply committed to philanthropy. Through his W Initiative, he focuses on improving children’s health and education in Uganda, aiming to provide access to clean water and better living conditions.

Gustav Magnar Witzøe’s life may be filled with the trappings of wealth, but his story is also about the values of family, hard work, and giving back.


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