In this success post, we are going to share the story of John Fredriksen, a Norwegian-born investor, and his current net worth is $10 billion. Born to a welder and his wife, John Fredriksen grew up in Etterstad in the eastern half of Oslo.
How did Fredriksen get famous?
During the Iran-Iraq wars in the 1980s, when his tankers picked up oil at great risk, but with huge profits, he made most of his fortune.
Later after the war, he became the world largest tanker owner, having more than 17 oil tankers and major interests in oil rigs and fish farming.
How does Fredriksen make money?
John Fredriksen has major interests in the offshore driller Seadrill, the fish farming company Marine Harvest, as well as Golden Ocean Group.
In the year 2006, his company, Seadrill, purchased more than 50% of the Smedvig and gained control of the company. This deal is his biggest deal ever.
He owns the fleet dominated by costly doubled hulled, environmentally safer tankers. But also owns supply vessel company Deep Sea Supply and through his investment companies, he controls the companies Frontline and Golar LNG.
Between the years 2010 and 2011, Frontline owned 10% of another large tanker company, Overseas ship holding Group.
Also partially owned by the Seadrill are the companies North Atlantic Drilling, Sevan Drilling, and Asia Offshore Drilling.
Also partially owned by Seadrill are the companies North Atlantic Drilling, Sevan Drilling, and Asia Offshore Drilling.
John Fredriksen is a Cypriot citizen who lives in London, and before h abandoned his Norwegian citizenship, he held the title of Norway’s richest man.
In the year 2013, Norwegian magazine Kapital listed his net worth of around $12 billion. Today, Forbes magazine listed his net worth of around $10 billion.
According to the Lloyds List 2014, they listed him in the top 10 most influential people in the shipping industry.
Apart from his businesses, he is an avid art collector who collects classic Norwegian art.
But the billionaire is also a philanthropist and has donated hundreds of millions of Norwegian Kroner to medical research in Norway.
As of his personal life, he is a widower and has two daughters: Cecilie and Katherine Astrup Fredriksen.
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