Odd Reitan
Fashion & Retail

Odd Reitan Net Worth

6 months from now

Odd Reitan is a Norwegian businessman who was born in Trondheim, Norway in 1951. He opened his first shop in 1972 and has since grown his business, Reitangruppen, into the fifth largest in Norway. Reitangruppen has a wide range of businesses, including grocery and convenience stores, real estate, energy, and oil, and had total sales of over $10 billion in 2015. Reitan's sons, Ole Robert and Magnus, are both involved in the business, with Ole Robert as CEO of REMA 1000 and Magnus as chief of Reitan Convenience.
Odd Reitan is a member of Fashion & Retail

Age, Biography and Wiki

Birth Day September 11, 1951
Birth Place Trondheim, Norway, Norway
Age 72 YEARS OLD
Birth Sign Libra
Residence Trondheim, Norway
Occupation Co-owner and CEO, Reitan Group
Known for Founder of Reitan Group
Title Colonialmajor
Spouse(s) Marit Arntsen
Children 2
Website Reitangruppen.no

💰 Net worth: $4.5 Billion (2024)

Odd Reitan, a prominent figure in the fashion and retail industry in Norway, is projected to have a net worth of approximately $4.5 billion by the year 2024. As the founder and owner of the Reitan Group, he has successfully built a thriving business empire consisting of various retail chains specializing in groceries, convenience stores, and gasoline stations. With decades of experience and a keen eye for business opportunities, Reitan's entrepreneurial prowess has propelled him to great financial heights. His commitment to offering quality products and exceptional customer service has earned him a strong reputation both nationally and internationally, solidifying his position as one of Norway's wealthiest individuals in the fashion and retail sector.

2014 $3.8 Billion
2015 $5.2 Billion
2016 $4.2 Billion
2017 $5.3 Billion
2018 $6.78 Billion

Biography/Timeline

1952

He is married to Marit Arntsen (born 11 December 1952) whom he married in 1972. He has the two sons Ole Robert Reitan (born October 5, 1971) and Magnus Reitan (Born March 11, 1973). He resides in his houses in Spain and in Lade Gård, Trondheim.

1960

Reitan played keyboard in the music group Four Jets in the 1960s.

1972

Son of Jewish parents from Hungary and the Netherlands, Reitan established his first shop in Trondheim in 1972, in cooperation with his Father. In 1979 he established the grocery chain store REMA 1000, which came to be a great success. By 1990 every village in Norway with more than 10,000 inhabitants had a Rema 1000 shop. During the 1990s the chain expanded in Denmark, Sweden, Poland, Hungary and Slovakia.

2012

He and his 2012 book was the subject of an editorial in Klassekampen. The editorial highlighted his idea of him governing Norway without being elected by popular vote. His idea is that he could be appointed by Norway's king. The editorial described these ideas as "undemocratic dirt".

2013

In 2013 he awarded Norwegian kroner 2 million to Anlov Mathiesen (chief Editor of =Oslo), saying that Mathiesen's work contributes to "increased self-respect for the vendors of the street magazines."

Some Odd Reitan images

Tags 1951 births Living people People from Trondheim Norwegian merchants Norwegian billionaires Norwegian business biography stubs

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About the author

Lisa Scholfield

As a Senior Writer at Famous Net Worth, I spearhead an exceptional team dedicated to uncovering and sharing the stories of pioneering individuals. My passion for unearthing untold narratives drives me to delve deep into the essence of each subject, bringing forth a unique blend of factual accuracy and narrative allure. In orchestrating the editorial workflow, I am deeply involved in every step—from initial research to the final touches of publishing, ensuring each biography not only informs but also engages and inspires our readership.