The Norwegian billionaire who sold newspapers at the age of 12: who is Ivar Tollefsen

Ivar Tollefsen He is not a simple businessman. His beginnings were modest and neither more nor less than at the age of 12. The Norwegian tycoon began delivering newspapers and today runs a fortune of billions.

From its humble beginnings in Norway to become one of the largest real estate investors in Europehis career is a fascinating example of business growth and resilience.

The beginnings of Ivar Tollefsen

Ivar Tollefsen was born on June 23, 1961 in the town of AskerNorway, within a working family. From a young age, he developed a strong sense of responsibility and discipline, influenced by the modest environment in which he grew up. At the age of 12, he took his first job as a newspaper delivery boy. on four different routes, a task that began every day at 3:30 in the morning.

With the money he saved from his job, he decided to invest in a DJ equipment and started organizing school parties in your neighborhood. This was his first step into the world of entrepreneurship, and his enthusiasm for business led him to found Tollefsen Enterprises at 14 years old. The company was dedicated to the rental of DJ services and equipment for events, quickly becoming a local success.

Although his business was flourishing, the young man made a bold decision: he dropped out of high school to focus fully on his venture. His dedication paid off, and in 1985, his company was acquired by Vest Invest for 2.8 million dollarsan impressive figure for someone who was not yet 25 years old.

Tollefsen’s family played an important role in his development. Although there was skepticism at first about her decision to leave school, the emotional support was constant. This support encouraged him to continue looking for new opportunities and build a future in the business world.

The values ​​of hard work and ambition instilled in his youth were fundamental to what would come later. After selling his first company, Tollefsen used his experience and capital to venture into the real estate sector, marking the beginning of your next big project.

How Ivar Tollefsen became a millionaire

In 1994, the businessman entered the real estate market with the purchase of a building with 20 apartments in the center of Oslo. This was the beginning of Fredensborg ASa company that would eventually become one of the largest rental housing conglomerates in Europe. His business vision led him to expand his property portfolio, initially focusing on Scandinavia.

The company grew exponentially, and in 2020 began actively investing in international real estate. That same year, Heimstaden Bostad ABcontrolled by Fredensborg, acquired 1,732 buildings in Germany. These acquisitions consolidated its position as a key player in the European real estate sector.

In addition to his business side, Tollefsen is known for his adventurous spirit. has led polar expeditions, broken speed records crossing Greenland on skis and participated in competitions such as the Dakar Rally. These experiences reflect his bold character and his ability to face challenges in different areas.

How much is Ivar Tollefsen’s net worth today?

At 63 years old, Ivar Tollefsen is one of the richest men in the world. According to Forbes, his net worth amounts to 8.3 billion dollars, which positions it as a leading figure in the global business arena. His fortune has been built mainly through his company Fredensborg AS, which currently owns more than 100,000 apartments across Europe.

In addition to its real estate businesses, Tollefsen invests in innovative initiatives and global impact projects. His vision is not only limited to expanding his fortune, but also developing sustainable solutions within the real estate sector and beyond.

With his fortune and experience, he continues to explore new opportunities and cement his legacy as a visionary businessman. His story is a testament to the power of hard work and ambition, from delivering newspapers in his youth to building a multimillion-dollar empire.