Odd Reitan

Odd Reitan (born 11 September 1951) is a Norwegian billionaire businessman. He was born in Trondheim. He is co-owner and CEO of the Reitan Group.[2]

Odd Reitan
Born (1951-09-11) 11 September 1951
Trondheim, Norway
NationalityNorwegian
OccupationBusinessman
Known forFounder and co-owner of Reitan Group
Net worthUS$5.7 billion (October 2019)[1]
TitleCEO, Reitan Group
Spouse(s)
Marit Arntsen
​
(m. 1972)​

Hilde Undlien
​
(m. 2018)​
Children2 sons
Websitewww.reitangruppen.no

Early life

Reitan is the son of "single-store grocers",[1] Ole Reitan and Margit Aarhaug.[2]

Career

Reitan established his first shop in Trondheim in 1972, in cooperation with his father. In 1979 he established the grocery chain store REMA 1000, which came to be a great success. By 1990 every village in Norway with more than 10,000 inhabitants had a Rema 1000 shop. During the 1990s the chain expanded in Denmark, Sweden, Poland, Hungary and Slovakia.[3]

Reitan played keyboard in the music group Four Jets in the 1960s.[3]

2012 book

He and his 2012 book, Hvis jeg var president ("If I was president"), was the subject of an editorial in Klassekampen.[4] The editorial highlighted his idea of him governing Norway without being elected by popular vote.[4] His idea is that he could be appointed by Norway's king. The editorial described these ideas as "undemocratic dirt".[4]

Philanthropy

In 2013 he awarded Norwegian kroner 2 million to Anlov Mathiesen (chief editor of =Oslo), saying that Mathiesen's work contributes to "increased self-respect for the vendors of the street magazines."[5]

Personal life

In 1972, he married Marit Arntsen (born 1952).[3] They have the two sons, Ole Robert Reitan (born 1971),[6] and Magnus Reitan.[2]

In June 2018, he married Hilde Undlien in Nidaros Cathedral in Trondheim.[7] They had been in a relationship since 2012.[7] He resides in Trondheim.[1]

References
  1. "Forbes profile: Odd Reitan". Forbes. Retrieved 9 August 2018.
  2. Godal, Anne Marit (ed.). "Odd Reitan". Store norske leksikon (in Norwegian). Oslo: Norsk nettleksikon. Retrieved 23 June 2012.
  3. Smith-Meyer, Trond. "Odd Reitan". In Helle, Knut (ed.). Norsk biografisk leksikon (in Norwegian). Oslo: Kunnskapsforlaget. Retrieved 23 June 2012.
  4. Kristjansson, Mimir (1 October 2012). "Reitan". Klassekampen (in Norwegian).
  5. Reitan drysser to millioner på =Oslo-ildsjel
  6. Bolstad, Erik (ed.). "Ole Robert Reitan". Store norske leksikon (in Norwegian). Oslo: Norsk nettleksikon. Retrieved 22 March 2020.
  7. Falch, Kine (16 June 2018). "Nå er Odd Reitan gift". Dagbladet. Retrieved 22 March 2020.
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