Jacob Stolt-Nielsen & family was bornon 12 May 1931 in Norway. Norwegian shipping magnate Jacob Stolt-Nielsen spent more than 50 years at Stolt-Nielsen S.A., which he founded with just one ship. He died in February 2015 at age 83. He had retired as a director of the company in December 2014. Stolt-Nielsen was a member of Forbes list of the World's Billionaires in 2014, with a net worth of $1.15 billion. By February 2015, the stock price of Stolt-Nielsen S.A. had dropped dramatically, lowering his net worth to an estimated $600 million. Jacob Stolt-Nielsen made headlines in 2011 for his opinion on how to deal with piracy, saying "I'm just telling it like it is. The way to solve the pirate problem is to sink the pirates and their ships." He began his career at a ship brokerage in London before moving to New York city to work as a broker in the chemicals industry.
| 2014 | $1.15 Billion |
|---|---|
| 2018 | $1.15 Billion |
”In 2011, Stolt-Nielsen suggested that captured pirates should be executed and their boats sunk, the historical response to piracy, as an effective solution to the problem of piracy off the Horn of Africa
Jacob Stolt-Nielsen has received recognition from a number of organizations for his achievements:Publication: Biography by Kristian Ilner, “Jacob Stolt-Nielsen, an entrepreneur” published by Vigmostad Bjørke 2009
“Thus ended the worst episode in the history of Stolt-Nielsen,” wrote Jacob in the company’s 2007 annual report
The company was sold in 2006, renamed Acergy, and is now part of Subsea 7
A trial in 2005 ruled unanimously in favour of Stolt-Nielsen and its executives
In 2000, after 41 years as head of the company, Jacob retired as chief executive officer and handed over the reins as CEO to his son, Niels Gregers, who continues as CEO of Stolt-Nielsen Limited today
In 1982, another industry caught Jaco|b’s attention
Jacob expanded into another new business in 1974, when he created Stolt-Nielsen Seaway A/S to provide sub-sea construction services for offshore petroleum exploration and production in the North Sea
In 1972, Stolt-Nielsen started Sea Farm A/S in Norway for the production of salmon smolt
He acquired his first storage terminal in the 1970s
started his own company, Parcel Tankers Inc, Liberia, in 1959
, at whose house he was married in 1957, and the two conceived of the idea for a new pump and pipeline system for tank ships which would permit a tanker to safely segregate multiple grades of dangerous chemicals, after first converting the m/t Freddy
(12 May 1931 – 15 February 2015) was a Norwegian entrepreneur
