Torbjorn Tornqvist Net Worth

Age, Biography and Wiki

Birth Year	1953
Birth Place	Geneva, Switzerland, Sweden
Age	70 YEARS OLD
Residence	Geneva, Switzerland
Alma mater	Stockholm University
Occupation	Businessman

💰 Net worth: $4 Billion (2024)

Torbjörn Törnqvist, often referred to as Energy in Sweden, is an influential and highly successful personality in the energy industry. As the founder and majority owner of Gunvor Group, one of the world's largest commodity trading companies, Törnqvist has amassed great wealth over the years. His net worth has been estimated to reach a whopping $4 billion by 2024, making him one of the wealthiest individuals in Sweden. Known for his astute business acumen and strategic vision, Törnqvist continues to shape and transform the energy market with his innovative approach.

2014$2.6 Billion2015$2 Billion2016$1.8 Billion2017$2.1 Billion2018$2.65 Billion

Some Torbjorn Tornqvist images

Biography/Timeline

1953

Törnqvist was born in 1953, in Stockholm, Sweden. He has a degree from Stockholm University.

1997

Törnqvist co-founded Gunvor in 1997, and he is its CEO.

2016

In 2016, he reduced his stake in Gunvor from 78% to 70%, and received a special dividend of about $1 billion, part of which went to repay his co-founder Gennady Timchenko, who sold his 44% to Törnqvist in March 2014, a day before Timchenko was sanctioned by the US for his "close ties to Vladimir Putin".

2017

In 2017, a Swedish Radio documentary presented evidence that Gunvor had been involved in a Belarusian oil smuggling scheme under Törnqvist's watch, featuring corruption at the highest levels in the Belarus government. This documentary, which includes an interview with Törnqvist, won the 2017 Prix Europa award in the "Radio Current Affairs" category. Gunvor has officially denied any wrongdoing.

2019

Törnqvist is a keen Sailor, and the head of Artemis Racing, who have competed in the America’s Cup.