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Hagen
Stein Erik Hagen
Rank #1504
NORWAY•Food & Beverage•Consumer goods

Stein Erik Hagen

Net Worth
$2.647B
+0.03% (24h)
Stein Erik Hagen, born on July 22, 1956, is a prominent Norwegian businessman. He is the chairman of Orkla ASA, a major player in the branded consumer goods sector, and is a significant shareholder. Hagen's career began with the founding of the RIMI discount store chain in the 1970s, which played a key role in building his wealth. His main source of wealth is consumer goods. With a current net worth of $2.7 billion, Hagen is recognized as one of Norway's wealthiest individuals. He has also invested in other Scandinavian enterprises. His entrepreneurial journey and business acumen have cemented his position in the Norwegian business landscape.

The Full Dossier

Early Life

Stein Erik Hagen was born in Oslo, Norway, on July 22, 1956. He co-founded the RIMI discount store chain with his father in the 1970s. He studied at the Retail Institute, now part of the BI Norwegian Business School.

Rise to Success

Hagen's career began with the founding of RIMI, which was instrumental in building his fortune. He sold his shares in RIMI to Swedish ICA and Ahold in the 2000s. He then invested a significant portion of the proceeds into Orkla, where he currently serves as chairman and holds a significant stake. Hagen's investments extend to Steen & Strøm, Jernia, and Komplett through his family company, Canica. In 2014, Hagen appointed his daughter, Caroline Marie Hagen Kjos, to take over the family's investment company, Canica AS.

Key Business Strategies

Hagen's key strategies involve acquiring and developing companies with strong brand identities and consumer appeal. Orkla, under Hagen's leadership, focuses on branded consumer goods and operates in the Nordic region, the Baltics, and other areas. Orkla's portfolio includes numerous market-leading companies across various sectors.

Philanthropy

Stein Erik Hagen has been involved in various philanthropic activities and has served on the boards of charitable foundations. He is also a board member of the Byrd Hoffman Watermill Foundation in New York and the Prostate Cancer Foundation, USA. In 2016, he donated his art collection, valued at $120 million, to a museum in Norway.

Career Timeline

2004

Chairman of Orkla

Became Chairman of Orkla ASA.

2000s

Sold RIMI shares

Sold RIMI to Swedish ICA and Ahold.

1970s

Co-founded RIMI

Co-founded the discount store chain RIMI with his father.

Philanthropic Impact

Arts and Culture$120M

Art Donation

Donated his art collection to a museum in Norway.

Wealth Trajectory