Billionaire Shipping Tycoon
Born in Oslo's east side, John Fredriksen grew up as a the son of a welder. He originally began working at a ship broking company before he started his own business when he was 27 years old. His tankers quickly began to earn him huge profits due to the Iran-Iraq wars of the 1980s.
At great risk to the tankers, his company continued to pick up oil. Fredriksen worked during the 1990s with Frontline Limited to become the head of the tanker trade. Outside of these business interests, Fredriksen also invested in a fish farming with Marine Harvest, offshore drilling and the dry bulk business, Golden Ocean group.
Currently, John Fredriksen owns the largest tanker company in the world. Outside of the company, he owns businesses like Deep Sea Supply and SeaDrill. In 2006, he became a citizen of Cyprus and gave up citizenship in Norway.
Bloomberg Magazine listed him as one of the top 50 most influential people list. In addition, he owns properties in Norway, the United Kingdom, Marbella and Cyprus. Altogether, John Fredriksen has a total net worth of $13.6 billion. At one point, his net worth peaked at $15.2 billion, but the global recession ate away at some of his earnings.
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