Björgólfur Guðmundsson

Who is Björgólfur Guðmundsson?

Björgólfur Guðmundsson was the chairman and former owner of West Ham United FC. Björgólfur was Iceland's second businessman worth more than a billion dollars — his son, Björgólfur Thor Björgólfsson being the first. He was ranked by Forbes magazine in March 2008 as the 1014th-richest person in the world, with a net worth of $1.1 billion. In December of the same year Forbes revalued his net worth to $0 and on 31 July 2009 he was declared bankrupt by the Icelandic courts with debts of almost £500 million.

Björgólfur is former majority owner and ex-chairman of now nationalised Icelandic bank Landsbanki, the second largest company in Iceland. He is the father of Björgólfur Thor Björgólfsson.