Johan H. Andresen jr.

Who is Johan H. Andresen jr.?

Johan H. Andresen jr. is a Norwegian businessman and investor. According to the 2008 tax records, he is one of the wealthiest people in Norway, with a net worth of more than $2 billion. Much of his fortune stems from a tobacco factory, Tiedemanns.

Andresen was born in 1961 in Oslo, the son of industrialist Johan Henrik Andresen, and Marianne Ebba Therese Bielke. He received a Bachelor of Arts degree from Dartmouth College in 1988, and an MBA in 1993 from the Rotterdam School of Management.

Throughout the 1990s, Andresen gradually became the owner of the Tiedemanns tobacco empire. In 1998 the tobacco production of Tiedemanns was merged with the Scandinavian Tobacco Company, and in 2005 Andresen sold all his shares in the company for 3.3 billion NOK. Andresen is currently owner and CEO of Ferd, an investment conglomerate which owns Elopak and Swix, among other companies. Andresen holds many other positions.

In September 2006 Andresen famously attempted to acquire the Swiss packaging and former weapons producer SIG, by placing a bid of NOK 11 billion for 50.01% of the shares in the company.