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Billionaire Profile
Erik Must
Global Rank
#2531

Image: Thor Nielsen/NTNU | CC BY-SA 4.0 | via Wikimedia Commons

Erik Must

CEO, Stock brokerage
NORWAY
Real-Time Net Worth
$1.49B
Estimated based on Stock brokerage stock value as of March 6, 2026
-1.49% (24h)
Age
83
Source
Stock brokerage
Industry
Finance & Investments
Citizenship
NORWAY

Biography

Erik Must (born January 26, 1943) is a Norwegian stockbroker and investor. His career began in the financial sector where he established the investment company Avanse Forvaltning. He later became the owner of Fondsfinans and has since built a significant private stock portfolio. Must is known for his investments in Norwegian media companies, including Gyldendal Norsk Forlag, and newspapers like Dagens Næringsliv and Adresseavisen. He is also a major shareholder in Arendals Fossekompani, an energy company, and the largest private investor in the technology group Kongsberg Gruppen. As of 2024, Must's net worth is estimated at $1.3 billion USD.

Fact Checked
Verified by Editorial Team
Live Data
Updated 3/6/2026

Wealth Over Time

In-Depth Profile

Early Life

Erik Must was born on January 26, 1943, in Trondheim, Norway. He is the son of banker Arne Bernhoft Must and Svanhild Synnøve Svendsen.

Rise to Success

Must started his career as a stock broker. He established the investment company Avanse Forvaltning with Kjell Christian Ulrichsen. He later became the owner of Fondsfinans. Through Fondsfinans, Must built a large private stock portfolio. He is also a significant investor in Norwegian media companies, controlling large parts of the publishing house Gyldendal Norsk Forlag, as well as the newspapers Dagens Næringsliv and Adresseavisen.

Key Business Strategies

Must's strategy includes building a substantial private stock portfolio using profits from Fondsfinans. He is a significant investor in various companies, including Arendals Fossekompani, and Kongsberg Gruppen.

Philanthropy

While specific philanthropy amounts are unavailable from the search results, Erik Must serves on the board of the SAM fund for medical research.

Career Milestones

Unknown

Founded Avanse Forvaltning

Erik Must founded the investment company Avanse Forvaltning along with Kjell Christian Ulrichsen

Unknown

Became Owner of Fondsfinans

Erik Must later became the owner of Fondsfinans.

Unknown

Significant Investor

Must has invested in Norwegian media companies and the energy company Arendals Fossekompani, and is the largest private investor in Kongsberg Gruppen

Philanthropy & Social Impact

Medical Research

SAM fund for medical research

Unknown

Member of the board

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