Bjorgolfur Gudmundsson Icelandic entrepreneur, billionaire Date of Birth: 02.01.1942 Country: Iceland

1. Biography of Bjorgolfur Gudmundsson
2. Entrepreneurship and Billionaire Status
3. Legal Troubles and Rehabilitation
4. The Bravo Brewery and Landsbanki
5. Ownership of West Ham United FC

Biography of Bjorgolfur Gudmundsson

Bjorgolfur Gudmundsson was born on January 2, 1942, in Iceland. He graduated from the Iceland College of Commerce in Reykjavik, where he earned a bachelor's degree in science and arts.

Entrepreneurship and Billionaire Status

Gudmundsson is a well-known Icelandic entrepreneur and a former head of a major shipping company. Currently, he is a billionaire with a personal fortune of approximately $1.2 billion, according to Forbes, which also ranks him among the world's most influential and wealthy individuals. He resides in his hometown of Reykjavik with his wife and five children.

Legal Troubles and Rehabilitation

Gudmundsson's career faced a setback when he was accused of violating legislation and serious accounting misconduct as the head of the global shipping company, Hafskip. As a result, he was suspended from business activities for several years and sentenced to twelve years of imprisonment.

The Bravo Brewery and Landsbanki

After his rehabilitation, Gudmundsson ventured into Russia, where he established the Bravo Brewery. The company quickly gained recognition and success, generating significant profits. However, Gudmundsson and his co-founders decided to sell the brewery, resulting in a highly lucrative deal worth $400 million. The proceeds from the sale were reinvested in different businesses in Iceland. Additionally, Gudmundsson is a banker and has served as the chairman of Landsbanki, the oldest bank in Iceland and the second-largest, since 2003.

Ownership of West Ham United FC

Currently, Gudmundsson is the owner of the well-known British football club, West Ham United FC. In 2006, he acquired 90 percent of the club and became its honorary president. A year later, he purchased the remaining portion, making him the sole owner and chairman of the organization. In addition to his involvement in the football industry, Gudmundsson is active in areas such as transportation, real estate, and numerous other fields.