Jacob Stolt-Nielsen & family’s profile picture

Jacob Stolt-Nielsen & family

Jacob Stolt-Nielsen & family’s profile picture
Net worth 2018: $1.15 Billion
Industry: Logistics
Country: Norway
BirthDay: 12 May 1931
Sigh: Gemini
Died On: 15/02/2015
Children: 2
BIOGRAPHY

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.

NET WORTH STATISTIC
2014

$1.15 Billion

2018

$1.15 Billion

TIMELINE
2011

”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

2009

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

2007

“Thus ended the worst episode in the history of Stolt-Nielsen,” wrote Jacob in the company’s 2007 annual report

2006

The company was sold in 2006, renamed Acergy, and is now part of Subsea 7

2005

A trial in 2005 ruled unanimously in favour of Stolt-Nielsen and its executives

2000

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

1982

In 1982, another industry caught Jaco|b’s attention

1974

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

1972

In 1972, Stolt-Nielsen started Sea Farm A/S in Norway for the production of salmon smolt

1970

He acquired his first storage terminal in the 1970s

1959

started his own company, Parcel Tankers Inc, Liberia, in 1959

1957

, 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

1931

(12 May 1931 – 15 February 2015) was a Norwegian entrepreneur

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