Bloomberg Billionaires Index

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# Johan Johannson

Random fact: Great-great-grandfather started company in 1866.

Overview

Johannson is majority owner of NorgesGruppen, Norway's largest grocer. The Oslo-based business is closely held and has more than 1,800 stores in its home country. The chains it operates include discount retailer Kiwi, Spar supermarkets and Joker convenience stores. It had revenue of 80 billion kroner ($9.5 billion) in 2016.

As of May 23, 2018:
Last change ()
YTD change ()
Industry Retail
Biggest asset N/A
Citizenship Norway
Age 50
Wealth Inherited
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Johan Johannson's net worth of can buy ...

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troy ounces of gold
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barrels of crude oil

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of the GDP of the United States
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of the total wealth of the 500 richest people in the world
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of the top 100 U.S. college endowments
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of the top 200 U.S. executives’ total awarded compensation
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of U.S. existing home sales
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times the median U.S. household income

Latest News

Net Worth Summary

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Confidence rating:

Biography

Birthdate: 1967
Family: Married, 4 children

Johan Johannson was born in 1967. He is the great-great-grandson of Johan Johannson, who founded wholesaler Joh. Johannson in 1866 and his family's grocery business three years later.

The billionaire studied management at university and worked as a consultant for Arthur Andersen before joining the family company. He's the fifth generation of Johannsons to run the retailer.

Johannson and his uncle, Torbjoern, are both directors of the company and his father, Knut Hartvig, is chairman. The trio manage the company together, the billionaire said in an e-mail interview with Norwegian daily Aftenposten in 2011. Johannson and his children have a more than 99 percent economic interest in family holding company Joh. Johannson, which controls a 74 percent stake of the group.

He is married with four children.

Milestones
  • 1937 Father Knut Hartvig is born.
  • 1967 Johannson is born, representing the fifth-generation of family ownership.
  • 1979 First Kiwi store opens.
  • 1979 The first Kiwi store, a discount chain, opens.
  • 1984 NorgesGruppen obtains the rights to use Spar in Norway.
  • 2000 Merger of wholesale and retail units establishes NorgesGruppen.
  • 2013 Buys controlling stake in Danish retailer Dagrofa.
  • 2014 Competition watchdog suspends cooperation between ICA and NorgesGruppen.