Stein Erik Hagen: a successful businessman and philanthropist
Stein Erik Hagen is an influential figure in business circles and one of the wealthiest people in Norway. He is worth around US$3 billion. Stein has earned this capital thanks to his entrepreneurial talent and ability to take a long-term view. Hagen has also made a significant contribution to the development of the retail and consumer goods sector.
The future businessman was born in Oslo in 1956. The young man received his higher education at the Institute of Commerce. After his studies, Stein decided to put his knowledge to the test. Together with his father, he set up a small discount store. Over time, it grew into the Rimi retail chain. Hagen took over as CEO of the company at the age of 29. But that did not stop him from developing the business and making it one of Norway’s leading retailers.
Despite the chain’s success, the billionaire decided to sell Rimi to a local ISA organisation. In 1990, he founded the Orkla conglomerate, which operates in a number of sectors:
– consumer goods;
– financials;
– real estate.
Stein’s main focus was expanding the business. He has pursued a strategy of mergers and acquisitions that has enabled the company to enter several different markets. Hagen is currently Chairman of the Board of Orkla ASA.
Business principles
Hagen is also a successful investor. He considers the media business a key area for shaping public opinion. According to a businessman, the media helps bring about social changes that improve citizens’ lives. Stein’s portfolio also includes Canica KAK, which he chairs.
Stein also invests in renewable energy, as he prioritises environmental sustainability. He funds several projects aimed at achieving carbon neutrality, and his companies implement various initiatives to reduce carbon emissions and improve the environment.
In addition, the investor’s business supports the concept of diversity and inclusion, creating a comfortable working environment for people with different needs.
Hagen has established himself as a strong leader with a clear commitment to business ethics. All of the businessman’s companies adhere to ethical business practices and employee relations. Stein believes that a good working environment increases productivity and contributes to the company’s prosperity.
It is also worth noting the entrepreneur’s merits as a philanthropist. The businessman funds projects in the field of education, supports talented children, and sets up scholarship programmes. He also sponsors the restoration of historical sites in Norway.
