Odd Reitan’s profile picture

Odd Reitan

Odd Reitan’s profile picture
Net worth 2018: $6.78 Billion
Residence: Trondheim, Norway
Country: Norway
BirthDay: 11 September 1951
Sigh: Libra
Children: 2
BIOGRAPHY

Odd Reitan was bornon 11 September 1951 in Trondheim, Norway, Norway. Odd Reitan is #269 in List Billionaires People In The World. Odd Reitan opened his first shop in 1972. Now his privately held Reitangruppen, which is the fifth largest in Norway, owns grocery and convenience stores throughout Scandinavia and the Baltic. Total sales from its retail businses plus real estate and energy and oil businesses topped $10 billion in 2015. Reitan's Ole Robert is CEO of REMA 1000, the grocery story chain; son Magnus is chief of Reitan Convenience.

NET WORTH STATISTIC
2014

$3.8 Billion

2015

$5.2 Billion

2016

$4.2 Billion

2017

$5.3 Billion

2018

$6.78 Billion

TIMELINE
Odd Reitan (born 11 September 1951) is a Norwegian businessman. He was born in Trondheim. He is co-owner and CEO of the Reitan Group.Reitan established his first shop in Trondheim in 1972, in cooperation with his father. In 1979 he established the grocery chain store REMA 1000, which came to be a great success. By 1990 every village in Norway with more than 10,000 inhabitants had a Rema 1000 shop. During the 1990s the chain expanded in Denmark, Sweden, Poland, Hungary and Slovakia.Reitan played keyboard in the music group Four Jets in the 1960s.He and his 2012 book was the subject of an editorial in Klassekampen. The editorial highlighted his idea of him governing Norway without being elected by popular vote. His idea is that he could be appointed by Norway's king. The editorial described these ideas as "undemocratic dirt".In 2013 he awarded Norwegian kroner 2 million to Anlov Mathiesen (chief editor of =Oslo), saying that Mathiesen's work contributes to "increased self-respect for the vendors of the street magazines."He is married to Marit Arntsen (born 11 December 1952) whom he married in 1972. He has the two sons Ole Robert Reitan (born October 5, 1971) and Magnus Reitan (Born March 11, 1973). He resides in his houses in Spain and in Lade Gård, Trondheim.
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