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john fredriksen

June 3, 2015

Oil and shipping billionaire John Fredriksen has appointed a new president to head up his family office, Fredriksen Group.

Oil and shipping billionaire John Fredriksen has appointed a new president to head up his family office, Fredriksen Group.

Jo Lunder, who used to be president of multi-generational Norwegian family business Ferd, will begin managing the Fredriksen family’s financial and industrial assets from September. He will report to Fredriksen, and also work closely with his twin daughters, Kathrine and Cecile.

April 23, 2013

Billionaire Russians, commodity dealers and property magnates are pushing family business owners out of the list of the richest individuals in the UK, according to an analysis of the annual Sunday Times Rich List.

Billionaire Russians, commodity dealers and property magnates are pushing family business owners out of the list of the richest individuals in the UK, according to an analysis of the annual Sunday Times Rich List.

Out of the top 100 wealthiest individuals in the list, 40 were either owners of a family business or their fortune was connected to such a business. That compares to 53 individuals in last year’s list.

March 2, 2012

The Fredriksen family, which controls deepwater drilling company Seadrill, has reduced its stake in the business, in an attempt to shore up its cash reserves to diversify the family’s other interests.

The Fredriksen family, which controls deepwater drilling company Seadrill, has reduced its stake in the business, in an attempt to shore up its cash reserves to diversify the family’s other interests.

That’s according to a statement by the Bermuda-based group, which said the family, through investment vehicle Hemen Holding, has cut its stake to 23% from 28%.

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