Connect with us

Lifestyle

Who is Gustav Magnar Witzoe

Salmon is one of the best-tasting fish globally and is pretty much in demand because of its high-fat content and rich oily taste similar to mild meat rather than fish. Since the salmon demand is great, people in the salmon industry are raking in the riches. One of these people is Gustav Magnar Witzoe or more popularly known as GMW.

Gustav Magnar Witzoe is the heir apparent of Gustav Witzoe, who founded the Salmar ASA company. Salmar ASA, founded in 1991, is one of the largest producers of salmon in the world. The company is headquartered in Norway and employs around 1700 employees. Salmar ASA has led the innovations in salmon farming in Norway and has refined how salmon is being cut to produce higher profit margins.

In 2013, Gustav Witzoe gave the majority shares of Salmar Asa to GMW. However, the elder Gustav is still running the company. GMW, on the other hand, is using his net worth to make his fortune in real estate and tech startups.

Who is Gustav Magnar Witzoe?

Gustav Magnar Witzoe or GMW is the son of salmon fish tycoon Gustav Witzoe. GMW became one of the youngest billionaires at age 19 when the elder Gustav gave him a 47 per cent stake at Salmar ASA. The older Gustav made this move to avoid a huge inheritance tax. GMW instantly became the youngest male billionaire with a net worth of $4.5 billion. However, GMW has nothing to do with the company since it is still the elder Gustav who is at the helm. Nevertheless, GMW is making his mark in other industries.

Modeling Career. GMW is a model with a signed professional contract with Team Models of Norway and Next Models Worldwide, an international modeling agency.

Advertisement

Instagram Influencer. Aside from being a model, GMW is a strong influencer on Instagram having 110,000 followers. GMW regularly shared Instagram-worthy photos of his travels to exotic locations around the world.

Reckless Youth. At 19, GMW was caught driving 116 kph in a 60 kph zone. He was sent to prison for two weeks. The young Gustave later revealed that inmates tried to extort money from him during his prison sentence.

Romantic Life. Now 26 years old, GMW keeps his love life away from public life. However, GMW has been seen with Vera Ekken on Instagram and one of his older business partners than him by 12 years. There have been rumours that the good looking GMW is gay and is involved with Jan Tomas Husby, a celebrity stylist, however, GMW has not commented on the veracity of the said rumour.

Angel Investor. While the older Gustav is still running Salmar ASA, GMW is spreading the wealth of his salmon company by investing in real estate and helping out tech startups as an angel investor.

Gustav Marnar Witzoe is a handsome young heir to one of the world’s largest salmon producer. He was put in the limelight when he became the youngest male billionaire. Whether you are a fan of GMW or not, this young man has a bright future ahead of him.

Advertisement
Advertisement
Written By Riley Brown

Riley is a finance, lifestyle, and entertainment writer living in San Diego. He received his bachelor's degree in Journalism and Multimedia from the University of Oregon. His work has been featured in many finance and lifestyle publications throughout the US. When he is not writing, Riley enjoys reading and hanging out at the beach with his dog.

Advertisement

You May Also Like

6 Ways to Enhance Your Financial Literacy

Money Lessons Everyone Should Learn by the Time They are 25

4 Reasons Why Having a Financial Advisor is Necessary

3 Ways to Achieve Your Financial Goals

5 Differences Between the Rich and the Poor

Emotional Intelligence and Its Impact on Your Relationships

6 Reasons Why Borrowing Too Much Money Isn’t A Good Idea

How to Overcome Inferiority Complex