A Norwegian grocery magnate, Odd Reitan, has a net worth of $3.9 billion.
Odd Reitan became a billionaire after becoming co-owner and CEO of Retain Group, a Norwegian wholesaler and retail franchiser.
In 1972, he and his father opened their first shop in Trondheim.
The father-son duo established the Rema 1000 grocery store in 1979, which was a huge success. By 1990, a Rema 1000 store had been established in every village in Norway, with a population exceeding 10,000.
The company’s growth has been global, with expansions in Denmark, Sweden, Poland, Hungary, and Slovakia.
After serving in the music group Four Jets during the 1960s, Odd Reitan became a successful entrepreneur some decades later.