Early Life
Erik Must was born on January 26, 1943, in Trondheim, Norway. He is the son of banker Arne Bernhoft Must. Details about his early life and education are limited, but he graduated from Copenhagen Business School with a degree in Business Administration.
Rise to Success
Must began his career as a stockbroker. He partnered with Kjell Christian Ulrichsen and established the investment company Avanse Forvaltning. Later, Must acquired the brokerage firm Fondsfinans. Through savvy salesmanship and strategic investments, Must built a large private stock portfolio, dominating Norwegian capital markets. His wealth increased by leveraging profits from Fondsfinans.
Key Business Strategies
Erik Must is known for his keen eye for investment opportunities, primarily within the Norwegian market. He has demonstrated a preference for building significant stakes in various companies. He has invested in hydroelectric power, media, and energy, showing a strategic interest in diverse sectors. Must is recognized for his long-term investment approach and has built holdings over many years. His investment vehicle, Must Invest, is also used for private deals.
Philanthropy
While specifics on his philanthropy are not widely publicized, Erik Must serves on the board of the SAM fund for medical research. He has also been involved with the Norwegian Museum of Cultural History.