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The Richest Man In Cyprus 2011

National Money
The Richest Man In Cyprus 2011

John Fredriksen

Cyprus’s Richest Man and World’s #88

Net Worth: $7.7 bil

Fortune: Self Made
shipping
Age: 66
Country Of Citizenship: Cyprus
Residence: London
Education: NA
Marital Status: Widowed, 2 children
World’s leading oil tanker tycoon. Shipping industry recovering from crush of recession. Fredriksen last year rescued bulk shipper Golden Ocean from bankruptcy with capital infusion. Slashed dividends at oil tanker giant Frontline. Still agitating for management change at container shipper Tui. Oil trading business making strong profits. Biggest piece of fortune is Seadrill, which builds and leases specialized ships for deepwater oil drilling; shares up 150% in a year. Fredriksen also controls Marine Harvest, world’s largest seafood company, biggest salmon farmer. Working to improve operations, combat criticism that farms harm wild fish populations. Born in Norway; citizen of Cyprus; runs empire from 30,000 square foot manse in London’s Chelsea district.

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