Erik Must (born 26 January 1943) is a Norwegian stock broker and investor. He was born in

Trondheim Trondheim ( , , ; ), historically Kaupangen, Nidaros, and Trondhjem (), is a city and municipality in Trøndelag county, Norway. As of 2022, it had a population of 212,660. Trondheim is the third most populous municipality in Norway, and is ...

, a son of banker Arne Bernhoft Must and Svanhild Synnøve Svendsen. He established the investment company Avanse Forvaltning along with

Kjell Christian Ulrichsen Kjell Christian Ulrichsen (born 18 November 1944) is a Norwegian businessperson and former curler. Along with Erik Must, Ulrichsen established the stock broker Fondsfinans. The two later bought part of the publishing company Gyldendal Norsk F ...

, and later became owner of Fondsfinans. He is a significant investor in Norwegian media companies, controlling large parts of the publishing house

Gyldendal Norsk Forlag Gyldendal Norsk Forlag AS, commonly referred to as Gyldendal N.F. and in Norway often only as Gyldendal, is one of the largest Norway, Norwegian publishing houses. It was founded in 1925 after buying rights to publications from the Denmark, Dan ...

, as well as the newspapers ''

Dagens Næringsliv ''(DN)'' ( Norwegian for "''Today's Business Affairs''"), is a Norwegian daily newspaper focusing on economic and business current affairs. it is the third-largest newspaper in Norway by circulation. Editor-in-chief is Janne Johannessen, appoint ...

'' and ''

Adresseavisen (; commonly known as ''Adressa'') is a regional newspaper published daily, except Sundays, in Trondheim, Norway. The paper has been in circulation since 1767 and is one of the oldest newspapers in Norway after Norske Intelligenz-Seddeler which ...

''. He is also a significant owner of the energy company

Arendals Fossekompani Arendals Fossekompani ASA () is a Norwegian company located in Arendal. Its principal business is production and sale of electric energy from its 2 hydroelectric powerplants. It is listed on the Oslo Stock Exchange Oslo Stock Exchange () (OSE: ...

. As of 2024 Must is the largest private investor in the technology group

Kongsberg Gruppen Kongsberg Gruppen is a Norway, Norwegian multinational company, that supplies High tech, high-technology systems to customers in the merchant marine, Defense industry, defence, aerospace, Offshore drilling, offshore oil and gas industries, and Re ...

, where his assets reached an estimated worth of NOK 5 billion in 2024.

Forbes ''Forbes'' () is an American business magazine founded by B. C. Forbes in 1917. It has been owned by the Hong Kong–based investment group Integrated Whale Media Investments since 2014. Its chairman and editor-in-chief is Steve Forbes. The co ...

lists his net worth as of April 2022 at $1.1 billion USD.

References

1943 births Living people People from Trondheim Norwegian company founders Norwegian billionaires {{Norway-business-bio-stub