BillionaireNet
Hagen
Torstein Hagen
Rank #150
NORWAYServiceCruises

Torstein Hagen

Net Worth
$16.525B
+0.49% (24h)
Torstein Hagen is a Norwegian billionaire businessman, best known as the founder and chairman of Viking Cruises, a leading company in the cruise industry. Born in Norway and educated at the Norwegian Institute of Technology and Harvard Business School, Hagen's career includes significant roles in reviving the Holland America Line and leading the Royal Viking Line. He founded Viking River Cruises in 1997, which expanded into ocean and expedition cruises. As of 2024, his net worth is estimated at $15.8 billion, a testament to his success in the cruise industry.

The Full Dossier

Early Life

Torstein Hagen was born in Nittedal, Norway, in 1943. He pursued higher education in physics at the Norwegian Institute of Technology and later earned an MBA from Harvard Business School in 1968.

Rise to Success

Hagen's career began with McKinsey & Company, where he consulted on shipping and cruise industries. He played a pivotal role in revitalizing the Holland America Line in 1974. He also served as CEO of Bergen Steamship Company and Royal Viking Line. In 1997, at the age of 54, Hagen founded Viking River Cruises with four river ships, focusing on culturally immersive experiences for English-speaking travelers over 55. Viking Cruises expanded to include ocean cruises in 2015 and expedition voyages, with the company going public in May 2024.

Key Business Strategies

Hagen's key strategies include focusing on the wealthy and intellectually curious, providing a customer-centric product, and avoiding nickel-and-diming. Viking Cruises differentiates itself by offering destination-focused travel without children or casinos.

Philanthropy

Specific philanthropy amounts are not readily available in the search results.

Career Timeline

2024

Viking Holdings went Public

Viking went public on the New York Stock Exchange.

2015

Launched Viking Ocean Cruises

Expanded the company into ocean cruising.

1997

Founded Viking River Cruises

Established the cruise line focusing on river cruises.

1980

CEO of Royal Viking Line

Served as CEO of the upmarket cruise line.

1976

CEO of Bergen Steamship Company

Led the company as CEO.

1974

Revived Holland America Line

Played a key role in revitalizing the company and saving it from bankruptcy.

Wealth Trajectory