American Reacts to the Richest People in Norway
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- เผยแพร่เมื่อ 11 ก.ย. 2022
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If there is one thing that every country in the world has it is rich people, and Norway is certainly no exception. The richest American's are usually quite famous as well and control some of the most influential companies in the world, so I am very interested to react and learn about the same kind of individuals that exist in Norway, from my American point of view. I am also fascinated to learn about how they achieved their great wealth and their influence in Norway. If you enjoy my reaction feel free to leave a like, comment, or subscribe for more videos like this!
Hi Tyler, oil in Norway is located out in the ocean and belongs to the people. It is not like in the US where people can find oil or gas in their properties.
Canada: *_HA!_*
There's really no such thing as an 'oil tycoon' in Norway, as all the (off-shore) oil and gas is owned by the people. The people that do make alot of money through oil here are typically CEO and shareholders in contractor companies.
The list here is not quite up to date. Odd Reitan is now "only" the 6th welthiest, after his son took over the main position at the corporation, and the Witzøe kid is about to take the top spot. We also have the daughters of industrial investor J. H. Andersen, Alexandra and Katharina, coming in at 7th and 8th. At 19 in 2016, Alexandra became the world's youngest (non-royal) billionaire.
He is incredibly good in pronouncing norwegian words, Tyler is💖Very remarkable Tyler. The next step for Tyler is to move to Norway, for I believe he already is famous in Norway and the language barrier is diminishing as days goes by. Tyler has the right attitude and the right mind-set. A succesful man in the making. 👏🙏💜💜💜
No, every Norwegian isn't familiar with the rich Norwegians.
Because there's a bit of a taboo against standing out too much.
That said, we're aware of some names.
Kjell Inge Røkke is from the same place as me. I have heard that he actually earned his first kroner, by selling pictures of himself to all the girls in his class that had a crush on him. I guess he was always pretty good at spotting and taking advantage of the opportunities he was given. :)
So he kind of invented a paper-based OnlyFans 🤣
Røkke har nå meldt flytting til Sveits for å unngå å skatte til Norge
Yeah..and much of his wealth is made after lobbying politicians who then gave him opportunities...so he and others could steal the fish resources from the north of Norway....most fishermen here in the North hates Røkke, and the Norwegian fishing authorities because of that.
@@TheNilsenO Hear, hear!
The reason they are not extremely wealthy like in the US, is that they're actually taxed here. The Norwegian tax system is based on everyone paying tax according to their ability to pay so that the tax burden is perceived as fair. We also have wealth tax and property tax. Of course some of them try to evade taxes by shipping out, but they're frowned upon.
Canada I believe is very similar
You will find that some of the largest cruise line companies in the world was started by Norwegians (Royal Caribbean Cruises, Norwegian Cruise Lines, Viking, Fred Olsen, etc.). You will also find that many captains of the large cruise ships are Norwegians. Shipping and ships have a long and deep history with Norway.
Also - Norway has the 5th largest merchant fleet in the world, only Japan, Greece, China and the USA ahead.
Frontlline are also "norwegian". 4th largest oil shipping co. Registered in Bermuda ofc, and owned by John Fredriksen who pays taxes to Cyprus i think. By far the richest norwigi coming in at 11 or so billions after he gifted his daughters some benjamins aswell.
@@Tommasi0310 He doesn't pay any taxes to Norway at all?
I like your videos a lot, I'm from Norway, and it's so interesting to hear your immediate thoughts and reactions! It’s good for us living in this country to “rediscover” it, I feel grateful when I do… Keep up the good work 😊 Regards from Norway :-)
Some of the absolute richest have left Norway due ti the high tax.
John Fredriksen, who owns the worlds largest "Oil-tanker" shipping companie, has been the richest norwegian for almoest half a century i think (estimated worth of 11,6 Billion USD) But he lives in London and Cypres to avoid tax.
Røkke is now also moving to Swizterland. This was a newscase this wery day, in national media.
Norway doesn't have as many super-rich as USA, but more of the very-rich than the US. But the modern concept of rich people pledging to give away their fortunes, actually began in Norway in 1962 (Bill Gates was 6 years old), when the heir of the wealthy food producer Olav Kavli moved his corporation into a charitable foundation. Kavli continues to operate as a corporation, generating revenue by competing in the market, but the corporation is fully owned by the charitable foundation, so all of the profits go to charity. It's a nice way to honor your fathers legacy while giving back to society. After all, nobody ever got rich without collaboration of the people. People who think they got rich in isolation, are delusional.
Im actually a friend of Johansons son, he goes to public school and i didnt Even know he was a billionaire for years. Shows hos humble and normal Even rich people can be.
You're pronunciation is 100 times more accurate than the narrator - in fact some of it was spot on, like the Johansen dude
Was about to say that :)
Spot on timing with the video, Kjell-Inge Røkke announced yesterday that he is moving to Switzerland, obviously to not have to pay taxes, poor guy!
Well thats because he as most Norwegians are has grown tired of the worst government we have ever had.
I work for the Norwegian work and welfare office and we are responsible for paying out 1/3 of the state budget every year. We handle things like unemployment benefits, sick leave benefits, parental benefits and so on 😊 sooner or later everyone will receive a payment from the state here.
I used to work for Gustav and he’s company Salmar and he’s a self-made billionaire. When I started in 2008, Salmar had just started and I was there for 16 years. Salmar and the owner Gustav is such a big resource for all of us who lives here. We are really grateful to have this company here on our small island.
All oil money in norway goes back to the people in the wealth fund, snd its hard to get rich in norway, norways goal is that it shouldnt be a big differense between people.
Your Norwegian pronunciation of names have indeed improved a lot. You can now pick out the really bad English ones :)
Exacly my thought too!
Wonderfull reaction! What you need to know is that, since they live in Norway (for the most part) they are heavily taxed. Many of them would be immeansily richer if they lived elsewhere. For example, the richest Norwegian lives in Cypris. He is worth 11 billion, so twice that of nr.1 here. He would not be that wealthy if he still lived in Norway. (Same goes for the companies, even the international ones since their base is in Norway)
As a Norwegian i can tell you to not be worried about not knowing them because i dont either
Norgesgruppen is not a retail chain. It provides 43% of all the merchandise to all retail chains in Norway.
5:37
Not exactly.
They're the companies behind the grocery stores.
You're not going to see their name plastered on the walls anywhere.
But certain grocery stores get their products from them.
Some years a ago in Oslo an older man´s car broke down monday morning by the highway leading in to Oslo. He stood there for nearly an hour without anyone stopping to help him. Thats until Kjell Inge Røkke came and stopped.
The most legendary rich man in Norway is not on the list because he is not formally the owner. His name is Olav Thon and his company owns named Thon owns many hotels and shopping centers. He is also the founder and he is still the actovChaitman of the Board and he he is still in full control. However he resigned as CEO last year. He had held this position for 81 years. Olav Tthon is 99 years old and is a living legend. As a true Nowegian he has until trcently soent all weekends hiking or cross-countrry skiinh he his famous for driving a 60's vw Beetle.. Around 20 years ago my eldest daughter had a chat with him in a cafe and she met him a few years ago she was proud that he recognized her. The Thon Group of companies is more important than the ones mentioned in the video and in front of his biggest hotel on Oslo you will find his statue. Olav Thon born 1923 is probably the most influential business man in Norway and stil be in control of a company that he founded when he was 18. You should look him up in Wikipedia.l
He's well known. In 2020 he came 23rd. (I believe)
So I'm guessing this list is based mostly on their rankings, and not on their fame. :/
@@Telruin Han ga bort hele formuen for noen år siden.
The wealth is much more distributed in Norway than in the US. We have very few of the super rich, a lot of the rich and almost the entire population is well funded.
The super rich of course benefit from oil, but oil isn't their main business. This is heavily regulated, and has led to the oil fund, as you have mentioned earlier. If you cashed out the oil fund and gave every Norwegian an equal amount of cash, each person would get 2,15 million Norwegian krone (218000 USD) (of course you can't do that, economy would collapse)
Oil income in norway is state owned. All procedes goes towards the norwegian oil fund that we all benefit from :)
Fun fact about Røkke: When he was released from Hof prison, he ordered fastfood for the entire prison, i believe it was pizza.
Hey Tayler! Very fun to see your reactions and hear your takes on the different stuff Norway has to offer. My only concern is that you are probably soon gonna run out of content. That's why I will try to help you out and give you a tip for another TH-cam video to react to: "How Norway KILLED the Petrol Car".
Hope you like it. Keep up the good work.
Cheers from Drammen in Norway 🇳🇴 :)
I only knew about the last two ppl & I am from Norway. Artist made several songs about Kjell Inge Røkke that's kinda cool
React to: norwegian king's speech - norway is one 🙏👍😁👍🙏🇳🇴
There is one Norwegian who is richer than all of the people on this list, John Fredriksen. He made his fortune from oil tanker ships. But he migrated from Norway due to tax reasons, so he is technically not Norwegian any more.
The "Kj" sound (In Kjell) is a sound I don't think is used in English.
It's close to "sh"... except you... eh... don't close your teeth together, and don't use the tip of the tongue... text is clearly the best medium to show this sound.
Come to think of it, I could mention a few other things about the Norwegian language.
We like to combine words. So a word could consist of 2 or more words just pushed together. This can get slightly ridiculous when you stop and look at some of our words.
Another one is that we don't use double vowels. (There might be other exceptions, but some exceptions are when words are combined like mentioned above)
We do use double consonants though. When there are double consonants, they shorten the vowel in front of them.
And lastly. Since there are two ways to pronounce R in Norwegian. (Both are different from the American R)
If you can learn to roll your Rs. You might immediately sound more Norwegian, when reading Norwegian words. (I don't know how to do this myself... I'm from part of the country that does the other kind)
Almost every sound in the Norwegian language has an English equivalent, except the R sounds and KJ perhaps. The KJ sound sounds like a cat hissing, so your tongue touches your gums further back. It's like the German "ch" in "ich".
It's funny that even the Norwegian ÆØÅ are quite commonly pronounced in American English, like in "ban" (bæn), "burn" (børn) and "corn" (kårn).
Ok I just noticed this fella has multiple channels for different countries to react to, it be nice if he like had links to each of them.
Viking Cruises, RCCL and NCL are all Norwegian owned. And they are amongst the biggest cruiseliners in the world
Still? I thought they were sold long ao
@@Aliquis.frigus Yeah, that's true. But the original owners still have a good amount of shares left
Also, john fredriksen has a net worth of 11.6 billion dollars. He lives on Cyprus, but is Norway's richest
He is not Norwegian anymore.
@@viking_nor false. He has two passports
@@viking_nor he is still norwegian🤣Its just that he isnt a norwegian resident currently, even though he owns homes in Norway
@@viking_nor Being Norwegian is not something you just throw away when you leave Norway. Just like Syrians or French or whatever, it's a part of your identity.
I'm impressed by your ability to guess how names/words are pronunced
Rema 1000 is very popular alk around in Skandinavia
I like how good your pronunciation is
As you see, the Norwegian government is serious about not allowing people to get rich of oil. That's for the government to earn money on.
I'm enjoying your Norwegian videos. Perhaps you would like to explore their music scene, which is very vibrant. The most popular female singers include Aurora, Sissel, and (my personal favorite) Angelina Jordan. Angelina has a remarkable personal history and has accomplished more in her short 16 years than most will in two lifetimes.
Madrugada, especially with the original guitarist before he passed away. And Thomas Dybdahl too.
@@inquisitor4635 Thanks. I'll check them out.
Good work on the pronunciation! I don’t feel like many people would have caught that 👍
Hi styler
Thank You for your very interesting and all ways very insightful thinking around Norwegian culture and tradition. We love watching your video’s.
To learn more about how Norwegian thinking and values are connected to our wealth and success, I would recommend Harald Eia, “This is Norway”. He is a sociologist, and makes really fun and “easy to understand” TV-show’s that explains the how’s and why’s in the success of Norway. There are at least two show’s out there.
We love to learn about how the world looks upon our little country, and it is very useful to listen to your thoughts on us 😊
There is something called Jantes Law.
The ten rules state:
You're not to think you are anything special.
You're not to think you are as good as we are.
You're not to think you are smarter than we are.
You're not to imagine yourself better than we are.
You're not to think you know more than we do.
You're not to think you are more important than we are.
You're not to think you are good at anything.
You're not to laugh at us.
You're not to think anyone cares about you.
You're not to think you can teach us anything.
This seems harsh, but it all boils down to < ikke tro at du er noe, meaning dont think you are anything>, that means basically, you are no better than us. You wouldnt know if they person behind you in the grocery store is a millionaire or a billionaire. There physical apperance doesnt tell us anything about their wealth. When you brag about something, whatever, people might believe that YOU think you are better than them. Norwegians in genereal doesnt appericiate braging. If you paid closely, no one of the shown billionaires appears to be billionaire. With normal clothing (maybe expensive brand), their money use is very subtle, but they do buy lavish homes, expensive cars and yachts, and we find out when whichever gossip magazine, tells us about it.
Rema 1000 is a cheap grocery store, where you can buy the same basic food and stuff, that will cost more in other. On the other han the more expensive stores also have a lot more variety, than Rema 1000. The number 1000 stands for like this grocery store has 1000 items (maybe somebody counted at some point).
We dont have any oil-billionaires, who owns oil, because it was found on his property, you know like in that old show, Dallas, in US. Our oil belongs to country and its people, and the money is used for investing in future, and current welfare for the people, among other things. Everyone benefits from the oil that we have got.
You should check out the IKEA ownership.. Kamprad story.. richest in Europe.. Sweden has nobility too.. Norwegian tycoons used to be in shipping.. also. Inheritance tax is a hot topic around here.. Rema 1000 originally had,1000 grocery items, I think. It's a better shop now, Lidl couldn't compete here..
Gustav Magnar Witzøe is actually the richest less than 30yo person in the world. My brother is working under his father, running a daughter company named Nutrimar. They don't pretend to run a business there, that's for sure... Gustav, let's just say he's not all that interested in fish, for the time being at least...
Rema very well known in Norway. but many other big stores.
Funny to listen to American's try to pronounce names and words in Norwegian. Difficult to pronounce if you don't have the knowledge of the language. Similar language as Swedish and Danish. Basically the same! Good to learn.
Biography: John Fredriksen is a Norwegian-born oil and shipping magnate with Cypriot citizenship. He came from ordinary circumstances, but built up a fortune from scratch. The journal Kapital assessed that John Fredriksen in 2023 was good for NOK 205 billion. He is believed to be the world's largest tanker owner, Cyprus' richest person, and the richest living person born in Norway. Wikipedia (EN)
Both "Odd" and "Even" are actually names over here. Kind of hilarious.
Fun fact: Odd originally means arrowhead or tip, and Even is a norwegian form for Eyvind. Ey or Auja means gift or luck and Vind or Windur means Winner.
@@AudunWangen As in Geir Odd - Spear tip
@@potetstappe666 Sure, but I think Oddgeir is a more common name. Weird 🤔
@@AudunWangen Hehe first thing that came to mind
@@potetstappe666 If I get another son, I'll call him Odd Even. I mean, you can't leave out any whole numbers. That would be mean 😁
Im from Norway, and my neigbourg has flown Kjell Inge røkke private fly
This video is kind of outdated, you should check out a more recent one. Loving the content!
Remember guys. You're not ugly. You're just poor. ;)
All the money from oil is controlled by the, in majority, state owned Equinor. It changed it's name from Statoil a couple of years back.
I work in the company from Odd Reitan. Met him twice. He is a nice guy.
Norway's richest are John Fredriksen 78 year old but he no longer lives in Norway, but is a Norwegian citizen.
There are tons of Rema 1000 stores in every city in Norway.
John Fredriksen is actually the richest Norwegian with $14billion, but he don´t live in Norway.
The richest Norwegian is John fredriksen, but he moved because of taxes
compared to the US there are not many especially rich oligarks here. there is not so ridiculous sums of money on single hands.
I don’t know much about the others except from Kjell Inge. He’s been in the media for decades :p
Your pronunciations are almost spot on.
In a country where most of the citizens are well off financially, owning a chain of grocery stores is one of the best ways to ensure your own success. Everybody needs groceries! And people with money can afford your high prices ;)
Numbers are low, because they are the tax numbers, after deductions. So these are the guys who “failed” at tax planning that year. Many have also left Norway.
Kjell Inge rekke just mooved to switzerland and gave his old manison to his ex girlfriend
Please do a video about the sami people in Norway
Most people are not familiar with Odd Reitan, some people know he owns Rema, most don't.
He's not a guy you see in the news a lot, neither is Kjell Inge Røkke, so they can basically walk into a grocery store or in the street and few will recognize and/or bother them (not that Norwegians do that anyway, but there are always some).
Wrong, both are super famous in Norway, especially Kjell Inge Røkke. They have both held a low profile the last 10 years though, so if you are a very young person you might not know how famous they really are.
Hi Tyler! You do pronounce Johan without the “h”. Go figure😎👌✌️
Yeah, our way to rich are less way to rich than in other countries, but that is a good thing. It means more of the wealth are further down where people actually work ;)
Hi again Ty:) Kjell is pronounced Shell …sort of
It's not the same sound. You will sound like someone with a speech impediment if you pronounce it like that.
15:38 Both Odd and Even are pretty normal Norwegian first names
The most wealthiest norwegians do not live in Norway anymore. They've moved to tax havens. And this is not net-worth, it's what they have in the bank as far as I know.
There is not only an american dream, also europeans can become millionaires and/or billionaires!
It's not that unusual for fairly well-off men to become models; one of the Queen of Denmark's grandsons is a model.
The name Odd sounds ... well ... odd, I discovered recently that there are two boy's first names Norwegians should avoid, Odd and Simen (pronounced like 'semen') and if you call your son Odd Simen, you are asking for trouble later in life when he goes travelling.
The govt owns the oil business. Thats why There isnt really any oil dudes here. Also the last two (the two richest) are very well known. And REMA 1000 is the biggest grocery chain (pronounces "thousand" not One thousand like he Said).
Røkke which you liked also gave Molde FK (one of the best Norwegian soccer teams) a New stadium in 1998. Like he gave it to them. Because thats where he is from. Its a small Town, so Molde FK Would be nothing without a rich "uncle".
I am Norwegian and did not know about these rich people except Rikke who has great respect for . Now I learned a little too
my dad actually made a part for Kjell Inge Røkke's ship
The wealth of these guys is not what it seems, a lot of their wealth is tied up in other things so it doesn't show.
@14:10 and now, Kjell inge Røkke takes with him is billions, and move to Switzerland :D So he dont need to pay so much tax money to Norway anymore :)
even me from norway didnt know that norway had so many people who were so rich xD
Day 2 of asking You to react to «russetid»
this! It will blow your mind, it's a norwegian tradition.
Aqua culture is a new branch. The other branches are more trad. Norway was a social democracy but turned capitalistic after Reagan (and Thatcher). The free marked liberalism. Essentially they do the same as in America. They monopolize. Like Reitan, the owner of The Reitan Group. First they buy every grocery. Then they fund grossist and all infrastructure. It is not possible to run a grocery independantly in Norway. The prices for grocery would be much, much higher for an independant.
Even tho Norway are capitalistic, the billionairs pay taxes an mass. They're now fleeing an mass to Switzerland and other tax paradises due to high taxes. I guess the Norwegian taxes will turn to their favour in near future. I need to add that the Norwegian billionairs still are quite generous. Might be why they're not that filthy rich compared billionairs in other Nordic countries.
the richest man in/from Norway is John Fredriksen
Norway Oil is belong to norwegian people. Not private.
Most rich people leaves most of the money in the company instead. mostly dont even pay tax lol
I have never herd of the compeni
rema 1000 yes it is very popular but it is sinking in popularity.
The richest guy from norway is John Fredriksen and hes worth 12bn but he moved to Cyrpus to avoid taxes
Poor man. I suppose greed is a driver and motivation to get rich. And paying taxes isn't what a greedy person likes to do.
@@th5841 nah, i understand him. We have this stupid tax in norway which is a tax that punished you from owning assets.
@@paulallen1939 You mean property tax or Eiendomsskatt? A tax that is between 0.1 and 0.7 percent of the taxable value of the property?
@@th5841 no, i mean the tax that taxes your fortune. «Formueskatt» in norwegian
@@th5841 wealth tax if you will
I live in Norwey❤😊
Tbh I think most of your viewers are «proud» Norwegians 😂
Odd Reitan is Norway's Jeff
Røkke and Reitan is well known. The others not. I don’t think they scaled economic power correctly. Because why is not Olav Thon here? His story is also the best of the then. The richest Norwegians moved to more tax friendly countries. The one who was the richest for many years emigrated to Cyprus (Fredriksen) and Røkke is moving to Switzerland.
These fortunes are taxed fortunes, not the real fortunes. The richest Norwegian have these among them, the richest person is a shipowner with a $ 72 billion fortune, turn them up in Forbes magazine. Another one owns housing, his fortune, if he sold it would be around $22 bill, noen of these are mentioned as both ships and houses are taxed to a tenth of its value, until recently that is, housing is getting adjusted
Odd Reitan lives up to his name if English is applied...
(as for oil, much of it is owned by the people, that is the state. It sounds very communist, but it is grounded in our culture and history).
Norway is the 2nd largest exporter of fish in the world...
6:13
Wow, amazing pronunciation!
Are you starting to learn Norwegian? :-)
Terrible pronounciatipn
@Paul Allen 6:12 is perfect Norwegian pronunciation.
@@andurk I agree. It's not bad. Some Norwegians pronounce it exactly like that, but I would pronounce the O differently, like in the English "fool", but not long. I would probably also use the SH, so it would sound like Toshtein.
@@AudunWangen yeah.. same. I would also say it like you. I am a westerner though.
The richest man in norway is actully John Fredriksen his netwoth is 11,7 billion usd
why does this guy have a different channel for each country he reacts to?
The richest Norwegian is John Fredriksen. But he has moved to Cyprus for tax reasons. Mr Burns in Simpsons is based on him. His assets are almost 12 billion dollars.
Der tar du feil. Er det noen, Mr Burns er "based on" er det vel Fred. Olsen.
@@eiwindiversen4431 You are right, my bad.
5:07
Yep, 100% American pronunciation...
You could easely be a model yourself. You are a gorgeous guy.
Hvis noen fremdeles ikke helt forstår hvorfor Kjell Inge nylig flyttet til Lugano, Sveits.; se denne;
Hey your pronounciation is so much better! You can even spot the super american way he is pronouncing names and places😄 both Johan and Torstein is correct 👍🏼 not like the other guy said it.
Kjell inge røkke. Hahah no one can say it😅 neither of you! difficult name.
Norgesgruppen is several grocery chains in one grouping that are all over norway.
Rema 1000 is everywhere, so yes it is a popular grocery store.
Ive heard of johansen, røkke and reitan, but not the young guy. Might just be me though that doesnt know the model.