Torbjörn Törnqvist

Torbjörn Törnqvist
Born 1953 (age 6364)
Stockholm, Sweden
Residence Geneva, Switzerland
Nationality Swedish
Alma mater Stockholm University
Occupation Businessman
Net worth US$2.1 billion (April 2017)[1]

Torbjörn Törnqvist (born 1953) is a Swedish billionaire, and the CEO and co-founder of Gunvor, "one of the largest commodities conglomerates in the world", with the Russian billionaire, Gennady Timchenko.[1][2]

Early life

Törnqvist was born in 1953,[3] in Stockholm, Sweden.[2] He has a degree from Stockholm University.[1]

Career

Törnqvist co-founded Gunvor in 1997,[3] and he is its CEO.[2]

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".[4]

Sailing

Törnqvist is a keen sailor, and the head of Artemis Racing, who have competed in the America’s Cup.[5][6]

Personal life

Törnqvist lives in Geneva, Switzerland.[1]

His first wife was Eva Birgitta Törnqvist.[7] His second wife is Natlia, with whom he has a son.[7]

References

  1. 1 2 3 4 "Torbjorn Tornqvist". Forbes.com. Retrieved 20 April 2017.
  2. 1 2 3 "Leadership". Gunvor Group. Retrieved 20 April 2017.
  3. 1 2 webmaster (28 November 2011). "InterOil, LNG, Gunvor ink deal on gas scheme". The National. Retrieved 20 April 2017.
  4. "Billionaire Gunvor CEO Tornqvist Cutting Stake in Oil Trader". 31 May 2016 via www.bloomberg.com.
  5. "Torbjörn Törnqvist, head of Artemis Racing – Yachting World". 21 July 2015.
  6. "Artemis Racing Launches Its AC Race Boat - Bernews.com". 22 February 2017.
  7. 1 2 "Oljemiljardären lever livet i hundra knyck".


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