Icelandic businessman Thor Björgólfur net worth, house, born, spouse

Björgólfur Thor Björgólfsson, also known as Thor Bjorgolfsson and Bjöggi in Iceland, is an Icelandic businessman, entrepreneur, and former chairman of Straumur-Burarás and Novator Partners. Thor Bjorgolfsson, Iceland’s sole billionaire, owns holdings in Xantis, a Swiss pharmaceutical company, and WOM, a Chilean telecom company. Come down to learn everything there is to know about Thor Björgólfur net worth, earnings, house, born, spouse, and much more:

Thor Björgólfur net worth, Earnings, income, and all the ways he makes his fortune

He is a successful businessman who has been in business for over 20 years. He has amassed a great reputation and riches as a businessman as a result of her intellect and hard work. Thor Björgólfur  net worth is over $3.5 billion. Björgólfur was the first Icelander to be named to Forbes magazine’s list of the world’s richest people in 2005; he has been dubbed “Iceland’s first billionaire,” and Forbes magazine placed him as the 249th richest person in the world in 2007—up from 350th the previous year.

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Björgólfur has invested in a number of larger and smaller companies, including Play, a Polish telecom company; Rebag, a luxury handbag marketplace; and Zwift, an online indoor cycling platform. Björgólfur and Novator have also invested in Xantis Pharma, Klang, and Lockwood Publishing. However, as a result of the 2007–2010 financial crisis, Björgólfur lost nearly his entire fortune and faced personal bankruptcy with more than $1 billion in debt. He then negotiated a complicated deal with his creditors to pay off his obligations while keeping his important investments. In 2014, Björgólfur released an autobiography about his ordeal.

His House and other assets

One of the world’s most lavish superyachts, which recently became the most expensive thing ever put up for sale at Harrods, was created as a floating home for a controversial Icelandic tycoon who controlled the bank behind Icesave with his father. 

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Thor and his wife, filmmaker Kristin Olafsdottir, own a $15.5 million Notting Hill estate, a $63 million London mansion, and an Italian-style villa in Reykjavik. His home is equipped with everything he requires. In their villa, Carsten, his wife, and their children live blissfully.

When did he start his career?

Björgólfur Thor traveled to Russia in 1991 with his father and a friend, Magnús Þorsteinsson. The Icelandic merchants created Baltic Bottling Plant with Russian partners, which they later sold to Pepsi. Bravo was founded by six businesses incorporated in Limassol, Cyprus, with Björgólfur Thor as president of all of them. Bravo Brewery became Russia’s fastest-growing brewery at the time, owing mostly to the manufacture of the premium beer Botchkarov. In 2002, Heineken paid $325 million for the brewery.

Russia established an honorary consulate in Iceland in 2000. Björgólfur Thor Björgólfsson was named Consul, and Magns Orsteinsson was named Honorary Vice-Consul. On March 10, 2000, the opening ceremony took place. Björgólfur Thor began investing in Icelandic companies after leaving Russia in 2002. By 2006, he had become a business celebrity, with an eight-page story in the Sunday supplement of the Icelandic newspaper Morgunblai written about him.

Björgólfur has invested in a number of larger and smaller companies, including Play, a Polish telecom company; Rebag, a luxury handbag marketplace; and Zwift, an online indoor cycling platform. Björgólfur and Novator have also invested in Xantis Pharma, Klang, and Lockwood Publishing. Björgólfur was the first Icelander to be named to Forbes magazine’s list of the world’s wealthiest people in 2005; he was dubbed “Iceland’s first billionaire”; and Forbes magazine ranked him as the 249th-richest person in the world in 2007—up from 350th the previous year—with a net worth of $3.5 billion.

Business after the crisis

Although the financial crisis decreased Björgólfur Thor’s fortune, forcing him to cancel the construction of a £100 million luxury yacht, he has continued to profit overall. He has defended his image by debating government and journalistic charges of his role in the 2008 financial crisis on his website, in letters to newspapers, and in court. The website “The Automatic Earth” reported in December 2013:

Mr Bjorgolfsson continues to manage Novator Partners, a London-based investment firm, and sits on many boards and owns stock in companies such as Actavis, a Swiss pharmaceutical company, and CCP, an Icelandic computer games company. His counsel claims that any profits or potential gains from the sale of his shares will be used to settle debts owed to creditors as a result of Landsbanki’s demise. Björgólfur Thor and his father were named in the Panama Papers in 2015 as having connections to at least 50 offshore firms in tax havens set up by Mossack Fonseca.

Björgólfur Thor was identified in the Paradise Papers in November 2017, along with Gsli Hjálmtsson, Róbert Guðfinnsson, and a number of National Power Company employees. Atai Life is a healthcare investment firm that supports research into the use of magic mushrooms to alleviate depression. According to Bloomberg, the round in which Björgólfur Thor participated raised $25 million.

Thor Björgólfur biography; Age, Born, Parents, Nationality, Education

On March 19, 1967, he was born in London, United Kingdom, Iceland. He is currently a 54-year-old handsome man. Björgólfur Thor comes from a long line of commercial and political leaders in Iceland. Thor Jensen, the famed Danish-born Icelandic entrepreneur who helped introduce industrial capitalism to the country in the early twentieth century, was his great-grandfather. Margrét þorbjörg Thors Hallgrímsson was Thor Jensen eighth child, and her daughter þóra Hallgrímsson had Björgólfur Thor as her only child with her third husband, Björgólfur Guðmundsson. Björgólfur Thor grew up in the Vesturbr neighborhood of Reykjavik. His astrological sign is Aries.

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After graduating from Iceland’s renowned Commercial College in 1987, he followed in the footsteps of some of his brothers and migrated to the United States, which he has described as an attempt to leave Iceland in which he felt an outsider. He began his schooling at the University of California, San Diego, before continuing to New York University’s Stern School of Business, where he earned a B.S. in marketing in 1991.

Who is Thor Björgólfur spouse Kristín Ólafsdóttir? When did the couple marry? Children

He met  Kristín Ólafsdóttir in 1991.  Ólafsdóttiris an Icelandic producer and director who has worked on films such as Rebel Hearts (2021), Innsaei (2016), and Town of Runners (2012). They tied the knot in 2010. Through every setback and storm that life has thrown at them, the couple’s love has stayed strong and loving. They make an effort to travel together and spend quality time together when on vacation. He posts gorgeous images with his wife and appears to have a high quality of life, implying that the couple is content in their marriage.

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They have three children: Daniel (born in 2005), Lorenz (born in 2009), and Bentina (born in 2011). They currently reside largely in London, England.