Stein Erik Hagen

With his father, opened Rimi discount supermarket in the late 1970s, later partnering with Swedish retailer ICA Group and supermarket giant Royal Ahold. In 2004 Hagen exercised an option to sell his remaining 20% stake in the venture, forcing Ahold to pony up $1 billion. Bought into department store chain Steen & Strom, then took the whole thing private in late 2007. Chairman of consumer goods company Orkla also invests in real estate and local companies through his Canica group.