Billionaire Profile
Petter Stordalen & family
Global Rank
#2082

Image: Public domain | via Wikimedia Commons

Petter Stordalen & family

CEO, Strawberry (Nordic Choice Hotels)
NO
Real-Time Net Worth
$1.8B
As of December 2025
Age
63
Source
Hotels
Industry
service
Citizenship
NO

Biography

Petter Stordalen is a Norwegian businessman and investor, known for his dynamic leadership and entrepreneurial ventures. He is the founder of the Strawberry Group, a conglomerate with significant holdings in hotels, real estate, finance, and art. Stordalen, with a net worth of approximately 1.8 billion USD, built his wealth primarily through the hotel industry, transforming Nordic Choice Hotels into one of Scandinavia's largest hotel chains. His career began at a young age, and he is recognized for his innovative business strategies and commitment to sustainability.

Wealth Over Time

In-Depth Profile

Early Life

Petter Anker Stordalen Bjorvand was born in Porsgrunn, Norway, on November 29, 1962. He displayed an entrepreneurial spirit early, starting to sell strawberries at the local market at the age of 12. In 1974, he was recognized as Norway's top strawberry seller.

Rise to Success

Stordalen's career progressed from managing shopping centers to real estate development. At 24, he became the youngest shopping center manager in Norway. His expansion into the hotel industry marked a significant turning point. In 1996, he teamed up with investor Christen Sveaas and bought shares in Choice Hotels' Scandinavian operations.

Key Business Strategies

Stordalen's business strategy has been marked by rapid expansion, strategic acquisitions, and a focus on branding and customer experience. He transformed Choice Hotels Scandinavia into Nordic Choice Hotels, one of Scandinavia’s largest hotel chains with over 230 hotels and 17,000 employees. He has also focused on environmental sustainability and innovative guest experiences.

Philanthropy

Stordalen, along with his former wife, Gunhild Stordalen, established The Stordalen Foundation in 2011 to support initiatives related to environmental protection, climate change, and scientific research. They have donated substantial amounts to various charities and research programs in this area.

Career Milestones

1974

Top Strawberry Seller

Recognized as Norway's top strawberry seller.

1987

Shopping Center Manager

Became the youngest shopping center manager in Norway.

1996

Choice Hotels Scandinavia

Acquired shares in Choice Hotels Scandinavia, leading to significant expansion.

2000

Home Invest

Formed Home Invest, which later delisted from the stock exchange.

2011

Stordalen Foundation

Co-founded the Stordalen Foundation for climate action and sustainability.

2016

Strawberry Group

Founded Strawberry Group, a holding company for his various ventures.

Philanthropy & Social Impact

Environmental

Stordalen Foundation

$XB

Supports scientific research programs and charities focused on addressing climate change.

Business Philosophy & Leadership

Notable Quotes

"Sell the berries you have because they are the only berries you can sell."

Leadership Principles

Focus on People

Emphasizes hiring the right people to create a positive and successful business environment.

Embrace Challenges

Views crises as opportunities for renewal and improvement.

Sustainability

Focuses on making Strawberry more sustainable.

Controversies & Challenges

2025

Tax Case

Loses in the Norwegian Court of Appeal and must pay 184 million Norwegian kroner in unpaid taxes.

2002

Environmental Protest

Chained himself to the U.K.'s Sellafield nuclear reprocessing plant to protest.