Net worth: £8.311bn ▲ £480m on 2021
Source of wealth: Shipping and oil services
Rank on the Rich List: 18 ▲ 1 on 2021
Soon after the invasion of Ukraine, one of Fredriksen’s Frontline tankers sailed into the Russian port of Novorossiysk to pick up a shipment of naphtha, a highly explosive and toxic liquid used as a base material to produce petrol. The route took Fredriksen’s vessel within missile range of the front line. “Wish me good luck,” Lars Barstad, Frontline’s chief executive said of the job. “Failing to perform on the committed charters was not an option.”
London-based Fredriksen, 78, has form for putting his crews in dangerous places. During the Iran-Iraq War of the 1980s Norway’s richest man became known as “the