John Fredriksen

Date of Birth: May 10, 1944

Zodiac Sign: Taurus

Biography

John Fredriksen is a Norwegian-born Cypriot oil tanker and shipping magnate. Born in Oslo, Norway, Fredriksen has built a formidable empire in the shipping industry, primarily through his ownership of the world’s largest oil tanker fleet. He is the chairman and largest shareholder of Frontline Ltd., a Bermuda-based shipping company that is one of the major players in the global oil transportation market. Fredriksen’s career in shipping began in the 1960s, and he has since become a self-made billionaire. He made significant profits during the Iran-Iraq War by transporting oil through perilous waters, which earned him the nickname “Big Wolf.” Over the years, he has diversified his investments to include significant stakes in various companies, including Marine Harvest (now Mowi), one of the world’s largest seafood companies. In addition to his business acumen, Fredriksen is known for his philanthropy, contributing large sums to medical research and other charitable causes. Despite his immense wealth, he maintains a relatively low profile and is known for his straightforward manner and business savvy.

5 Interesting Facts about John Fredriksen

1. John Fredriksen became a Cypriot citizen in 2006, renouncing his Norwegian citizenship due to Norway’s high taxes.

2. He has been dubbed “Tanker King” due to his extensive fleet of oil tankers.

3. Fredriksen’s company, Frontline Ltd., has been a pioneer in the shipping industry, often setting benchmarks for operations and profitability.

4. He has weathered multiple economic downturns and market crashes, often emerging stronger due to strategic acquisitions and investments.

5. Despite his wealth, Fredriksen is known for his modest lifestyle and often shuns the spotlight.

5 Most Interesting Quotes from John Fredriksen

1. “I have never been afraid of taking risks in business. It’s what has set me apart.”

2. “In the shipping business, timing is everything. You have to know when to buy and when to sell.”

3. “Diversification is key. One market downturn should not spell disaster for your entire portfolio.”

4. “Philanthropy is an important part of success. Giving back is not just a duty, but a privilege.”

5. “You can’t always predict the market, but you can always prepare for its fluctuations.”

Highest Net Worth Achieved

John Fredriksen’s highest net worth achieved is estimated to be around $15 billion.

Children

John Fredriksen has two daughters, Cecilie Fredriksen and Kathrine Fredriksen. Both daughters are actively involved in the family business, holding positions in various companies within Fredriksen’s conglomerate.