Torbjorn Tornqvist
Energy

Torbjorn Tornqvist Net Worth

Torbjorn Tornqvist is the Swedish co-founder of Gunvor Group, one of the world's largest commodities conglomerates. He began his career in 1977 at British Petroleum, and went on to work at Scandinavian Trading Co. and Intermaritime Group Petrotrade. In 1997, he formed the predecessor company to Gunvor in Estonia, and three years later founded Gunvor with Russian billionaire Gennady Timchenko. In 2014, Tornqvist bought out Timchenko's share of the company, and now owns 60% of Gunvor, with the remaining 40% owned by company employees.
Torbjorn Tornqvist is a member of Energy

Age, Biography and Wiki

Birth Year 1953
Birth Place Geneva, Switzerland, Sweden
Age 70 YEARS OLD
Residence Geneva, Switzerland
Alma mater Stockholm University
Occupation Businessman

💰 Net worth: $4 Billion (2024)

Torbjörn Törnqvist, often referred to as Energy in Sweden, is an influential and highly successful personality in the energy industry. As the founder and majority owner of Gunvor Group, one of the world's largest commodity trading companies, Törnqvist has amassed great wealth over the years. His net worth has been estimated to reach a whopping $4 billion by 2024, making him one of the wealthiest individuals in Sweden. Known for his astute business acumen and strategic vision, Törnqvist continues to shape and transform the energy market with his innovative approach.

2014 $2.6 Billion
2015 $2 Billion
2016 $1.8 Billion
2017 $2.1 Billion
2018 $2.65 Billion

Biography/Timeline

1953

Törnqvist was born in 1953, in Stockholm, Sweden. He has a degree from Stockholm University.

1997

Törnqvist co-founded Gunvor in 1997, and he is its CEO.

2016

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".

2017

In 2017, a Swedish Radio documentary presented evidence that Gunvor had been involved in a Belarusian oil smuggling scheme under Törnqvist's watch, featuring corruption at the highest levels in the Belarus government. This documentary, which includes an interview with Törnqvist, won the 2017 Prix Europa award in the "Radio Current Affairs" category. Gunvor has officially denied any wrongdoing.

2019

Törnqvist is a keen Sailor, and the head of Artemis Racing, who have competed in the America’s Cup.

Some Torbjorn Tornqvist images

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.