Torstein Hagen has seen his net worth surge from around 20 milliarder kroner during the coronavirus pandemic in 2022 to nearly 250 milliarder kroner, according to Finansavisen. The 83-year-old from Nittedal is the man behind the cruise company Viking. This sharp rise in value places Hagen as the 96th richest person on Bloomberg’s billionaire list and number 99 on Forbes.
Market Growth and Public Listing for Viking Holdings
The parent company Viking Holdings went public in New York in the spring of 2024 at an initial price of 24 dollar per share. Since that market debut, the stock has climbed by around 351 percent to surpass 108 dollar, as reported by Finansavisen. Hagen managed the company for 29 years as chief executive officer before stepping down earlier this year. He continues to serve as chairman of the board and controls over half of the shares in the enterprise.
Did You Know?
Torstein Hagen managed the cruise company Viking as chief executive officer for 29 years before stepping down earlier this year, and he still controls over half of the company’s shares as chairman of the board.
Economic Impact and Rankings in Norwegian Business
NHH Professor Ola Grytten describes the turnaround as the largest comeback in Norwegian business. According to Finansavisen, Grytten stated that the achievement is impressive and that a net worth nearing 250 milliarder kroner is incredible. This dramatic wealth accumulation led Nettavisen to report in June that Hagen had surpassed shipping magnate John Fredriksen to become Norway’s wealthiest individual.
Frequently Asked Questions
What is Torstein Hagen’s current estimated net worth?
According to Finansavisen, his net worth has grown to nearly 250 milliarder kroner, up from around 20 milliarder kroner during the koronapandemien in 2022.
Where does Viking Holdings trade its shares?
The parent company was publicly listed in New York in the spring of 2024, where its stock has risen to over 108 dollar.
What role does Torstein Hagen currently hold at Viking?
Having stepped down as CEO earlier after 29 years, Hagen continues his work as chairman of the board and controls more than half of the company’s shares, as reported by Finansavisen.
How do you view the rapid financial recovery and stock market growth of post-pandemic travel companies like Viking?
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