⬅ # 127 Wang Chuanfu|# 129 Rupert Murdoch

# 128 John Fredriksen 


Real Time Net Worth
as of 4/12/2024
-$16.4M (-0.11%)

# 128 John Fredriksen 


Real Time Net Worth
as of 4/12/2024
-$16.4M (-0.11%)
OccupationOwner of Golden Ocean Group, Deep Sea Supply, and Frontline Ltd.
Source of WealthShipping
ResidenceLondon, United Kingdom
Marital StatusWidowed
Age-Adjusted Net Worth$4.17B
John Fredriksen
John Fredriksen
Net worth: $15.1B

Self-Made Score 

Wealth History

Hover or tap to reveal net worth by year
Loading Chart



John Fredriksen was born on 10 May 1944 in Oslo, Norway, to a welder and his wife.
He grew up in Etterstad, in the eastern half of Oslo.
Fredriksen first entered the oil trading business in the 1960s in Beirut, Lebanon.
In the 1970s, he purchased his first tankers and later played a crucial role in transporting oil during the Iran-Iraq War in the 1980s.
He became the world's largest tanker owner with over seventy oil tankers and significant interests in oil rigs and fish farming.
His offshore drilling rig firm, Seadrill, gained control of Smedvig in 2006, marking his biggest deal, and emerged from bankruptcy in 2018.
Fredriksen helped raise about $1 billion in new debt and equity during Seadrill's recovery.
His biggest holding is Marine Harvest, now named Mowi, making it the world's largest fish farmer.
Fredriksen holds major interests in dry bulk company Golden Ocean Group through his investment companies Hemen Holdings and Meisha.
He is a naturalized Cypriot citizen, previously holding the title of Norway's richest man before abandoning his Norwegian citizenship.
Fredriksen owns houses in London, Oslo, Cyprus, and Marbella, Spain.
His London house, The Old Rectory, is estimated to be worth around US$172 million.
He is a collector of classic Norwegian art and claims to support medical research projects, donating millions to hospitals in Norway.


John Fredriksen is a widower with two twin daughters, Cecilie and Kathrine Astrup Fredriksen, born in 1983.
His late wife, dentist Inger Astrup Fredriksen, belonged to one of the Astrup families in Norway.
Inger's father was a professor of psychiatry, and her granduncle was the painter Nikolai Astrup.


Fredriksen claims to support research projects at The Radium Hospital and has donated several hundreds of millions of Norwegian kroner to medical research at hospitals in Norway.

Gard Case

In 1985, the Norwegian insurance company Gard became suspicious of losses of cargo from Fredriksen's tankers.
A private investigation revealed a system for the use of heavy oil as bunker fuel.
The case was turned over to the Norwegian police, leading to Fredriksen's offices in Oslo being searched in June 1986.
After several years of legal disputes, the case was settled out of court.
Fredriksen paid a fine of 2 million NOK for risking his crew's lives and over US$800,000 to the insurance company Gard.

How long would it take you to become as rich as John Fredriksen?

If you started with $10,000 and invested an additional $500 each month at a 44.18% CAGR, it would take you 5 years to reach John Fredriksen's net worth of $15.1B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 36.27% compared to 8.51% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

John Fredriksen is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For John Fredriksen, Shipping is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey