Petter Stordalen & family

Petter Stordalen & family

$2.06 B

Ranked #1976 in World

About Petter Stordalen & family

Petter Anker Stordalen Bjorvand, a renowned Norwegian businessman and billionaire, oversees the Strawberry Group, enveloping a diverse range of ventures from hotels to finance, with a notable emphasis on Nordic Choice Hotels, which employs over 17,000 individuals across 200 establishments. Born in Porsgrunn, Norway, in 1962, Stordalen's journey to success commenced early, transitioning from a local strawberry seller to a formidable force in real estate and the hospitality sector. His career path, marked by strategic acquisitions and investments, such as the significant expansion of Choice Hotels Scandinavia and ventures into environmental activism through the Stordalen Foundation, highlights a blend of entrepreneurial acumen and a commitment to sustainable practices. This trajectory not only showcases Stordalen's multifaceted business philosophy but also underlines his contributions to corporate culture and social responsibility, earning him distinction in Scandinavia's business landscape.

Born

November 29, 1962 in Porsgrunn, Norway

Age

63 years

Source Of Wealth

Hotels

Industries

Service

Citizenship

Norway

Residence

Oslo

Spouse

Gunhild Stordalen (married 2010-2019)

Children

3

## Early Years & Childhood

Petter Anker Stordalen Bjorvand was born on November 29, 1962, in Porsgrunn, Norway. He began helping out in his father's grocery store at the tender age of 10 and started selling strawberries at the local market when he was just 12 years old. His entrepreneurial spirit shone early, and in 1974, he was recognized as Norway's top strawberry seller.

After completing his primary education, Stordalen attended Kjøpmannsinstituttet for a year before joining the Norwegian School of Marketing. His passion for business and his innate talent for entrepreneurship were already evident during his formative years.

## Family

Petter Stordalen has been married twice. His first marriage resulted in three children. In 2010, he married Gunhild Stordalen, a doctor and former model. Their lavish wedding in Marrakech made headlines, with an estimated cost equivalent to $5 million. The couple has been actively involved in philanthropy and environmental causes, earning them the nickname "the Bill and Melinda Gates of Norway." However, in 2019, they announced their separation while remaining friends and collaborators.

## Career Highlights

Stordalen's career trajectory is marked by a series of remarkable achievements. At the age of 24, he became the youngest shopping center manager in Norway, taking charge of City Syd in Trondheim. His expertise in property development led him to become the property director in Atle Brynestad's company, Made in. He was the architect behind the transformation of the former market area in downtown Trondheim and the successful relaunch of Liertoppen shopping center outside Oslo.

Stordalen's business acumen caught the attention of Realkreditt (later DnB), where he was employed by their property development company at the age of 29. His crowning achievement came when he, along with a group of investors, purchased the historical department store Steen & Strøm in downtown Oslo. The investment was recouped within the first five days of reopening, showcasing Stordalen's exceptional business acumen.

## Companies

Petter Stordalen is the owner of the Strawberry Group, a conglomerate of 10 companies spanning various industries, including hotels, shopping centers, real estate, finance, and art.

The Strawberry Group encompasses the following companies:

  • Strawberry Hospitality Group: Owns Nordic Choice Hotels, one of Scandinavia's largest hotel chains.
  • Strawberry Advisory: Owns Strawberry Capital and Strawberry Equity.
  • Strawberry Properties: Owns and develops 20 properties and 230,000 square meters valued at 5.6 billion NOK.
  • Strawberry Art & Design: Stordalen's art investment company, owning more than 400 pieces from various artists.
  • Strawberry Fields: Private real estate company, investing primarily in hotel properties in large cities and capitals in the Nordics.
  • Strawberry Forever: Real estate company, owning properties such as Quality Hotel Friends and Clarion Hotel Amaranten in Stockholm, Skt Petri in Copenhagen.
  • Strawberry Brothers: Real estate company established in 2015 and owned 50/50 by Stordalen and Varner Invest AS, owning properties such as Quality Hotel Globe in Stockholm, Clarion Hotel Royal Christiania in Oslo, and the Copenhagen Central Post Building.
  • Strawberry Future: Investments in sustainability-related initiatives, projects, and organizations.
  • PASAB: Joint venture with Norwegian property developers Anders and Arthur Buchardt, developing properties in Norway and Sweden.
## Major Achievements

Stordalen's business ventures have resulted in several major achievements. He became a billionaire at the age of 37, a testament to his exceptional entrepreneurial skills. He is the owner of Nordic Choice Hotels, one of Scandinavia's largest hotel chains, comprising over 200 hotels and employing 17,000 people.

Stordalen's success in the hospitality industry is evident in the numerous awards and accolades bestowed upon Nordic Choice Hotels. These include the Grand Travel Awards for Best Scandinavian Hotel Chain (2007 and 2008) and Best Work Place (2007, 2008, 2009, 2010, and 2011).

## Awards & Achievements

Stordalen's contributions to the business world have been widely recognized. He was named Scandinavian Businessman of the Year in 2004. In 2010, he received the prestigious Ernst & Young Entrepreneur of the Year award. His innovative leadership and business acumen earned him the title of Brightest Business Mind in Northern Europe in 2016 by the Nordic Business Forum.

Additionally, he was honored as Leader of the Year in 2017 by the Grand Travel Award Sweden.

## Personal Life & Legacy

Stordalen resides in Oslo, Norway. He is known for his philanthropic endeavors and environmental activism. Together with his wife, Gunhild Stordalen, he established the Stordalen Foundation, which focuses on combating climate change. Stordalen's commitment to sustainability is reflected in the fact that all hotels in Nordic Choice Hotels are certified according to the ISO 14001 standard.

Stordalen's legacy is one of entrepreneurial success, innovation, and social responsibility. He has made significant contributions to the business landscape of Scandinavia and beyond, leaving a lasting impact on the industries he has shaped.

## Trivia
  • Stordalen's business philosophy is based on five pillars: corporate culture distinguished by energy, guts, and enthusiasm; social responsibility; consumer power; capitalism; and diversity.
  • He is an avid art collector, with a particular interest in contemporary art. His collection includes world-leading collections of artists like Jaume Plensa, Alex Katz, and Franz West.
  • Stordalen's passion for environmental causes led him to break into the Sellafield nuclear treatment plant in 2002 to protest the discharge of radioactive elements. He was also charged with trespassing in 2007 for protesting the dumping of toxic mud in the Oslofjord.
  • In 2015, Stordalen published his autobiography titled "Jeg skal fortelle deg min hemmelighet" (I Will Tell You My Secret).

Wealth History

Timeline

November 29, 1962

Petter Anker Stordalen Bjorvand is born in Porsgrunn, Norway.

1974

Named Norway's top strawberry seller.

1996

Teams up with investor Christen Sveaas to buy 68% of the shares in the Scandinavian operations of Choice Hotels for NOK 100 million.

1997

Buys out Sveaas's share in Choice Hotels Scandinavia.

2000

Forms Home Invest, consisting of properties previously owned by Choice Hotels Scandinavia.

2001

Home Invest goes public but is delisted.

2003

Choice Hotels Scandinavia buys shares in Swedish property owner and developer Capona.

2004

Home Invest sells 19 hotel properties to Capona, giving Stordalen a majority interest.

2005

Home Invest buys the remaining shares in Choice Hotels Scandinavia and delisted the company.

2006

Capona changed name to Home Properties. Home Properties spun off Home Capital as an investment company and listed it on the First North Stock Exchange in Stockholm.

2007

Home Invest acquired all the shares in Home Capital and delisted the company. Stordalen did the same with Home Properties.

2008

Nordic Choice Hotels acquired Kämp Collection Hotels.

2010

Ernst & Young Entrepreneur of the Year.

2012

Opened the 500-room Clarion Post Hotel in Gothenburg, Sweden.

2015

Strawberry Brothers real estate company established.

2016

Brightest Business Mind in Northern Europe by Nordic Business Forum.

2017

Leader of the Year, Grand Travel Award Sweden.

2019

Announced separation from wife Gunhild Stordalen.

2022

Opened the 231-room Somerro Hotel in Oslo.

Petter Stordalen & family : FAQs

What is Petter Stordalen's current net worth?

Petter Stordalen's current net worth is $2.06 billion.

What is Petter Stordalen's current global rank among billionaires?

Petter Stordalen holds the 1976th position globally among billionaires.

What is Petter Stordalen's current ranking within the Norway?

Petter Stordalen holds the 14th position in Norway.

What was the change in Petter Stordalen's net worth compared to the previous year?

Petter Stordalen's net worth increased by 117.63 million dollars compared to the previous year 2025, when his net worth was 1.94 billion dollars.

What are Petter Stordalen's main sources of wealth?

Petter Stordalen's main source of income comes from Hotels.

In which industry does Petter Stordalen primarily operate?

Petter Stordalen is primarily involved in the Service industry.

How old is Petter Stordalen?

Petter Stordalen is 63 years old.

How did Petter Stordalen start his career and what are some key milestones?

Petter Stordalen began his career selling strawberries at a local market at age 12 and became Norway's top strawberry seller in 1974. Key milestones include becoming the youngest shopping center manager in Norway at age 24, and later becoming a billionaire at age 37 through his expansions in the hotel industry.

What are the components of the Strawberry Group owned by Petter Stordalen?

The Strawberry Group, owned by Petter Stordalen, includes Strawberry Hospitality Group, Strawberry Advisory, Strawberry Properties, Strawberry Art & Design, among others, involved in hotels, real estate, finance, and art.

What initiatives and awards highlight Petter Stordalen's commitment to environmentalism and business excellence?

Petter Stordalen's environmentalism is showcased by his protests and support for environmental causes, with all Nordic Choice Hotels certified according to the ISO 14001 standard. His business excellence is recognized by awards like Scandinavian Businessman of the Year 2004, and Ernst & Young Entrepreneur of the Year 2010.

What philanthropic efforts are Petter Stordalen known for?

Petter Stordalen is known for his philanthropic efforts through the Stordalen Foundation, focusing on climate change, and his generous donation to the Workers' Youth League after the 2011 Utøya shooting, earning him and his wife the title 'the Bill and Melinda Gates of Norway' for their philanthropy.
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