Billionaire Profile
Petter Stordalen & family
Global Rank
#1892

Image: Public domain | via Wikimedia Commons

Petter Stordalen & family

CEO, Hotels
NORWAY
Real-Time Net Worth
$2.192B
Estimated based on Hotels stock value as of March 6, 2026
0% (24h)
Age
63
Source
Hotels
Industry
Service
Citizenship
NORWAY

Biography

Petter Stordalen is a Norwegian businessman and hotel magnate, known for his entrepreneurial spirit and dedication to environmental causes. With a net worth of $1.6 billion (2025), he is the owner of the Strawberry Group, a conglomerate with holdings in hotels, shopping centers, real estate, and art. His career began in the grocery business, and he quickly rose to become one of Scandinavia's leading business figures. Stordalen is the founder and owner of Nordic Choice Hotels (now Strawberry Hospitality Group), a major hotel chain with over 230 hotels and 17,000 employees. Beyond business, Stordalen is involved in philanthropy, particularly through the Stordalen Foundation, supporting environmental and climate change initiatives. His flamboyant style and public advocacy have made him a well-known figure in Scandinavian business and environmental discourse.

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

Wealth Over Time

In-Depth Profile

Early Life

Petter Anker Stordalen Bjorvand was born on November 29, 1962, in Porsgrunn, Norway. He began his entrepreneurial journey at a young age, selling strawberries at the local market at 12, and becoming Norway's top strawberry seller in 1974. He later took over City Syd, the largest shopping center in Norway at the time, at the age of 24, and became the youngest shopping center manager in Norway.

Rise to Success

Stordalen's career advanced through property development and real estate, eventually leading him to the hotel industry. He made his fortune through strategic acquisitions and investments, expanding Choice Hotels Scandinavia into the large Nordic Choice Hotels chain. By the age of 37, Stordalen had become a billionaire, a testament to his business acumen and entrepreneurial skills.

Key Business Strategies

Stordalen's business philosophy emphasizes innovation and a strong company culture. His Strawberry Group includes companies involved in hotels, shopping centers, real estate, finance, and art. Through the Strawberry Group, Stordalen has been focusing on fewer, larger investments, including travel, loyalty programs and AI.

Philanthropy

Stordalen, along with his wife Gunhild Stordalen, established the Stordalen Foundation, focusing on addressing climate change and supporting scientific research programs. The couple were also known as "the Bill and Melinda Gates of Norway".

Career Milestones

1974

Top Strawberry Seller

Recognized as Norway's top strawberry seller.

1986

Shopping Center Manager

Became the youngest shopping center manager in Norway at City Syd, Trondheim.

2004

Scandinavian Businessman of the Year

Awarded Scandinavian Businessman of the Year.

2010

Ernst & Young Entrepreneur of the Year

Received the prestigious Ernst & Young Entrepreneur of the Year award.

2016

Brightest Business Mind in Northern Europe

Named Brightest Business Mind in Northern Europe by the Nordic Business Forum.

2017

Leader of the Year

Awarded Leader of the Year by the Grand Travel Award Sweden.

Philanthropy & Social Impact

Environmental Conservation

Stordalen Foundation

Undisclosed

Supports environmental and climate change initiatives and scientific research programs

Environmental Conservation

The Rainforest Foundation

Undisclosed

Through a partnership with Nordic Choice Hotels, helped save 51,300 hectares of rainforest in 2010

Business Philosophy & Leadership

Notable Quotes

"“Culture is the new king.”"

Leadership Principles

Innovation

Emphasizes innovative guest experiences and business models.

Environmentalism

Committed to combating environmental issues and sustainability.

Strong Company Culture

Focuses on creating a positive and engaging work environment for employees.

Controversies & Challenges

2002

Sellafield Protest

Protested the dumping of radioactive waste by chaining himself to a bridge at the Sellafield nuclear reprocessing plant.

2007

Malmøyakalven Trespassing

Charged with trespassing after entering a restricted area in Malmøyakalven to protest the dumping of toxic mud.

2020

COVID-19 Support Controversy

Received significant government support during the COVID-19 pandemic, which sparked criticism regarding how he utilized the funds.