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Meet hunky 29-year-old billionaire, Gustav Magnar Witzøe: the Norwegian model is worth US$3.8 billion thanks to his dad’s salmon fishing empire and lives a glitzy life of fast cars and luxury travel

Gustav Magnar Witzøe is one of the lesser-known young billionaires of today. Photos: Getty, @frislid_1946/Instagram
Gustav Magnar Witzøe is one of the lesser-known young billionaires of today. Photos: Getty, @frislid_1946/Instagram

  • Witzøe junior became one of the world’s youngest billionaires when his dad gave him a 47 per cent stake in fishing empire SalMar ASA at just 19 years old
  • Despite his current US$3.8 billion fortune, he claims to be pretty normal and is a fitness freak – but also lives a life of luxury with Porsches and Aston Martins

Meet one of the world’s youngest billionaires, Gustav Magnar Witzøe, heir to the Norwegian salmon empire. He is young, drop-dead-gorgeous, ultra-rich and seems to have a surprisingly firm head on his shoulders.

Gustav Magnar Witzøe is a model with billions of dollars to his name. Photo: @fredjonny/Instagram
Gustav Magnar Witzøe is a model with billions of dollars to his name. Photo: @fredjonny/Instagram

The 29-year-old model/investor/heir doesn’t hesitate to discuss his humble beginnings or show off his present glory days on social media. But let’s dig deeper to see what this man is made of. Is he all looks and charm, or is there mettle too?

A humble upbringing in Norway

Gustav Magnar Witzøe was born in a small town in Norway. Photo: @guswitzoe/Instagram
Gustav Magnar Witzøe was born in a small town in Norway. Photo: @guswitzoe/Instagram
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Gustav Magnar Witzøe was born on February 8, 1993, in Frøya, a small island in Trøndelag, Norway, to parents Gustav and Oddny Witzøe. His mother worked as a carer and his father a businessman, per Hot Fast News.

Gustav senior founded SalMar in 1991, which grew into one of the world’s largest farmed salmon producers across Asia, the United States, Canada, the Russian Federation and Norway, per Seafood Media Group.

The company flourished, but it seems the Witzøes didn’t spoil their only child rotten. In fact, Gustav revealed to The Telegraph, he skipped university and put himself to work on salmon farms for two years to learn the trade.

He said, “Maybe it would have been different if I’d grown up with money, but since we didn’t when I was a kid, I’m very happy about that. It was just a normal, down-to-earth family, and I think those are values I’ll take with me.”

He has a tattoo dedicated to his parents

Gustav Magnar Witzøe and his father, Gustav senior. Photo: @guswitzoe/ Instagram
Gustav Magnar Witzøe and his father, Gustav senior. Photo: @guswitzoe/ Instagram

We all love our folks, but how many would declare their love and affection with a tattoo? Witzøe did. As per Cord Magazine, he tattooed his arm with the words “My true heroes” in reference to his parents.

The 29-year-old billionaire businessman is certainly setting an example for millennials when it comes to balancing life with work, too. He dubs himself a regular guy who likes football, works out, parties now and again, and enjoys hanging out with friends, per The Telegraph.

He has his share of fun, but also makes 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 Magnar Witzøe

Gustav Magnar Witzøe visits his parents every week. Photo: @guswitzoe/Instagram
Gustav Magnar Witzøe visits his parents every week. Photo: @guswitzoe/Instagram