Worth $4.5 billion, Gustav Magnar Witzoe is one of the youngest male billionaires in the world. Gifted with a fishing empire by his father, he proclaims himself to be a “normal guy” – A fitness freak, he lives a life of absolute luxury, loves dogs, invests in start-ups and is single.
Many have grown up believing that life is unfair (read: balanced); it doesn’t give you everything. If it makes you look good, it makes you poor. If you have the riches, you are not a sight for sore eyes. One of the world’s youngest billionaires, Gustav Magnar Witzoe, heir to the Norwegian salmon empire, is the antithesis of the above statement. He’s young, gorgeous, ultra-rich, and has a surprisingly firm head on his shoulders. The 29-year-old model/investor/heir isn’t shy about talking about her humble beginnings or showing off her current glory days on social media. We dig deeper to see what this man is made of. Is it all about looks and charm, or is there courage too?
Early life in Norway-
Witzoe was born on February 8, 1993 in Frøya, a small island in Trøndelag, Norway, to parents Gustav and Oddny Witzoe. Gustav grew up in a humble environment, with his mother working as a caregiver and his father striving to make it big, which he eventually did. Gustav senior founded SalMar, which has become one of the world’s largest farmed salmon producers in Asia, USA, Canada, Russian Federation and Norway. The business prospered, but the Witzos did not spoil their only rotten child. In fact, Gustav revealed that he skipped college and got to work on salmon farms for two years to learn the trade. He didn’t drop into the boss’s chair; instead worked in the family business as a milker at the SalMar fish farms in Frøya.
Speaking to Telegraph, he said: “Maybe it would have been different if I had grown up with money, but as we didn’t when I was a kid I’m very happy.” It was just a normal, down-to-earth family, and I think those are values I’m going to take with me.
He is incredibly close to his parents-
We all love our loved ones, but how many would declare their love and affection with a tattoo? Gustav did. According to Economic Times, the hunk tattooed his arm with the words “My Real Heroes.” The 29-year-old billionaire businessman once confessed that he values his parents’ advice more than his real advisers.
The man is certainly setting an example for Millennials on the act of balancing life. The billionaire describes himself as an ordinary guy, who loves football, trains, parties once in a while and likes to hang out with friends. He has his share of fun but also takes time for his parents. Gustav still visits his parents weekly and even sees his childhood friends on the small island of Frøya, where he grew up.
The lavish life of Gustav-
No matter how much the lowly billionaire claims his life is normal, the Instagram account says otherwise. The fitness freak who trains nine times a week isn’t shy about showing off his model body on the gram. Even with his party days behind him, plenty of images show the aspiring model globetrotting from the palaces of Paris to Lake Como, Venice, the deserts of Dubai, and more. Gustav also shared glimpses of his stuffed forms of transportation, including a Porsche, a private plane and his father’s vintage Aston Martin.
The avid traveler is a dog lover
“If a man loves a dog, he is a good man. If a dog loves a man, he’s a good man. According to this adage, Witzoe certainly is. Richie Rich adores his beloved Staffordshire Bull Terrier, Aro Witzoe, and even has an Instagram account dedicated to his four-legged friend. The camaraderie is endearing, whether it’s celebrating Christmas, going for walks or relaxing with your pooch.
Gustav became a billionaire before he turned 30 with SalMar ASA-
It is interesting to see how life can change overnight. A teenager has become one of the richest people on the planet, with a colossal fortune of 4.5 billion dollars. The young model caused a stir when her father Gustav sold a 47% stake in SalMar ASA. Junior Gustav owns nearly half of Norwegian fish farming company SalMar, a move that was taken to avoid a hefty inheritance tax bill. Despite being the owner of one of the largest fishing conglomerates in the world, Gustav doesn’t get too big for his boots and concedes he doesn’t watch SalMar daily.
He does not feel entitled to the family fortune and considers it his father’s business to this day. Speaking to Norwegian newspaper Dagblade, he explained: ‘You can’t just demand to be the boss of such a big organisation. You have to adapt to it. If there are alternatives, the best man or woman must get the job. There is so much at stake – values, jobs, crucial factors. And that’s the firm shoulder we talked about earlier.
Her modeling career and her investments in start-ups-
Gustav believes in charting your course and working hard to achieve your goal. He was encouraged by a friend to start modeling which led him to Idol Looks and Next Models Worldwide. According to his Instagram account, Gustav has featured in magazines like Elle and The Telegraph.
A man with both brawn and brains looks like Gustav Magnar Witzoe, who invests his looks in a thriving modeling career and gray cells in start-ups like Norwegian Snapchat-challenger Gobi and hospitality service Airbnb Keybutler. The Norwegian investor funds these start-ups through his company Wiski Capital which seeks to work with Norway’s rawest tech talent, according to their website.
The philanthropist once had contact with the law-
Shutting down rumors of his perfect life was Gustav’s brush with the law late in his high school years. The man with the striking look was arrested for having overtaken another vehicle traveling at 180 km / h in a zone at 60 km / h. The seemingly perfect Prince Charming made a mistake and served two weeks in prison at the age of 19.
To err is human but to improve is Gustav Witzoe. The investor is doing his bit of good by running a charitable foundation, the W Initiative, which focuses on children’s health and education. The organization aims to provide access to clean water and sanitation facilities to over 4,000 children in Uganda. With a fortune of $4.5 billion to lean on and promising goals for the future, he’s a billionaire to watch in the days ahead.