Petter Stordalen Net Worth is$1.2 Billion
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Profession: Investor | Environmentalist
Date of Birth: Nov 29, 1962
Country: Norway
Petter Stordalen net worth: Petter Stordalen is a Norwegian hotel baron who has a net worth of $1.2 billion. Petter Stordalen made most of his fortune from investments in hotels, shopping centers and properties. He is the owner and CEO of Nordic Choice Hotels that has more than 170 hotels throughout Scandinavia. It was in 2012, when he opened seven new hotels and led a group of investors to take over Norway's second-largest shopping center chain. Among the most remarkable things Petter has ever done is rebuilding his sports car to be the world's first bio-fueled Ferrari. Furthermore, he proposed to his supermodel-turned-physician wife Gunhild on top of a mountain on New Year's Eve 2008, and then he spent $5 million on the most expensive Scandinavian wedding of all time. As of March 2013, Petter is ranked as the 6th richest person in Norway.
Petter Anker Stordalen (born 29 November 1962 in Porsgrunn, Norway) is a Norwegian investor, hotel "tycoon", property developer and environmentalist. He has an estimated personal net worth of NOK 7-11 billion (USD 1.2 bn according to Forbes list of billionaires 2012 ) stemming from investments in hotels, shopping centers and properties. Stordalen is a self-made business man. Through his company Nordic Choice Hotels, Stordalen owns in excess of 170 hotels and employs more than 9200 people. In the later stages of his career, Stordalen has pursued a number of philanthropic endeavors together with his wife, doctor and environmentalist Gunhild Anker Stordalen, donating large amounts of money to various charitable organizations within environment/climate change and scientific research programs through The Stordalen Foundation, established in 2011.
Stordalen was born in Porsgrunn in Telemark, Norway to grocer Knut Anker Stordalen (1933a??94) and Kari Stordalen. At the age of ten he began working in his fathera??s grocery store and at the age of twelve he began selling strawberries at the local market. He already then displayed his acumen for business, being named a??Norwaya??s top strawberry sellera?? in the local paper, Porsgrunns Dagblad, in 1974, beating out his competition of 50-60 year old market ladies. Following high school he attended KjA,pmannsinstituttet for one year, he then managed his father's store for a short time before going off to the Norwegian School of Marketing.
At 24 he took over what was, at the time, the largest shopping center in Norway, City Syd, in Trondheim as the countrya??s youngest shopping center manager. This coincided with his finals at the Norwegian School of Marketing so rumor has it that he had his secretary compile and type his final paper. After posting record profits at City Syd he became property director in Atle Brynestad's company Made in. As property director Stordalen was the architect behind the conversion of the former m

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Petter Stordalen Latest News

Hotel Magnate Strips Porn From All Properties

But now humanitarianism may become the new haute frontier. Petter Stordalen, owner of Scandinavia's largest hotel chain, Nordic Choice Hotels, has decided to remove pay-TV porn movies from all 171 of his properties and replace them with modern art.
Posted: August 28, 2013, 9:39 am

Oslo Hotel Enables Guests To Sleep With Their Favorite Rock Stars

Petter Stordalen, boss of the Nordic Choice chain, felt the same and invited Apparatjik to do something about it at his flagship hotel, The Thief. “Art has always been really important to me,” says Stordalen, “so this seemed like a good idea.
Posted: November 1, 2013, 7:00 pm

Hotel Chain Cuts Pornography TV Channels to Fight Human Trafficking

Committed to fighting the sex trade, billionaire Petter Stordalen said his hotel chain is making a stand against the scourge of smut. CNA/EWTN NEWS WASHINGTON — Citing connections to human trafficking, a major Scandinavian hotel chain has announced that ...
Posted: September 6, 2013, 7:57 am
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