Johan Andresen

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Person.png Johan Andresen   TwitterRdf-entity.pngRdf-icon.png
(billionaire, businessman)
Johan Andresen.jpg
Born1961-07-25
Oslo
NationalityNorwegian
Alma materRotterdam School of Management, Dartmouth College
Parents • Johan Henrik Andresen Sr
• Marianne Ebba Therese Bielke
ChildrenAlexandra Katharina
Double Bilderberg billionaire.

Not to be confused with Johan Andresen Sr, his father, also a Bilderberger.

Johan Henrik Andresen is a Norwegian industrialist and financier. Johan H. Andresen is one of Norway's most wealthy private individuals. He is a regular attendee at the World Economic Forum, a Bilderberger and a sponsor of the neoliberal think-tank Civita.

Career

Between 1989 and 1991, Andresen was employed as Product Manager at International Paper Co. in the United States. In 1993 he became a partner in the family company Tiedemanns group, known from 2001 as Ferd.

In 1998 he succeeded Johan H. Andresen Sr. as owner and CEO. Until his father died in 2011, he used "jr." in his name. In 2012, he resigned as CEO, but at the same time took over as chairman of the board. He is the fifth generation in the Andresen family to own and manage the business, after the first Johan H. Andresen in 1849 bought J. L. Tiedemanns Tobaksfabrik, run with a royal letter of privilege issued in 1778.

Under Andresen's leadership, Ferd developed as an industrial and investment company with an emphasis on active ownership. The group has had significant growth. At the end of 2013, value-adjusted equity was around NOK 24.3 billion, compared with NOK 7.4 billion in 2003. Total annual turnover in companies owned or controlled by Ferd amounted to NOK 22 billion in 2010, while the number of employees was approx. 13,400.

In addition to industrial ownership, Ferd has financial investments that include shares in Nordic listed companies and small and medium-sized companies, holdings in hedge funds, private equity funds, equity funds and infrastructure funds. The group also has a significant real estate portfolio and conducts real estate development. It also has made major money through its investment in salmon farming.

He has invested in microfinance, with Nordic Microfinance Initiative, a public-private partnership between the public sector and private investors. NMI invests in institutions "building financial inclusion" in Africa and Asia.[1]

He is active in the influential Norwegian neoliberal think-tank Civita, and encourages young entrepreneurs to 'pull themselves up by their bootstraps' through diverse programs. His daughters, Alexandra and Katharina Andresen each own 42.2% of the family business, and were declared "the world’s youngest billionaires" by Forbes.[2]

On 18 December 2014, Andresen was appointed chairman of the Council on Ethics for the Norwegian Oil Fund.

He also holds a board position in the Wallenberg-family bank Skandinaviska Enskilda Banken.


 

Event Participated in

EventStartEndLocation(s)
Bilderberg/201231 May 20123 June 2012US
Virginia
Chantilly


References