Peter Thomas Smedvig (born August 1946), is a Norwegian

billionaire A billionaire is a person with a net worth of at least 1,000,000,000, one billion (1,000,000,000, i.e., a thousand million) units of a given currency, usually of a major currency such as the United States dollar, euro, or pound sterling. The ...

businessman, the founder of Smedvig Capital, and the chairman of Smedvig ASA, which was founded by his grandfather,

Peder Smedvig Peder Smedvig (1882–1959) was a Norwegian businessman, the founder of Smedvig ASA. Career In 1915, Smedvig started a shipping company. In 1935, he started Smedvig Tankrederi, but in World War II, four out of the five ships were lost. Per ...

Early life

Peter Thomas Smedvig was born in Stavanger in August 1946. He has received a bachelor's degree from the

Newcastle University Newcastle University (legally the University of Newcastle upon Tyne) is a UK public research university based in Newcastle upon Tyne, North East England. It has overseas campuses in Singapore and Malaysia. The university is a red brick unive ...

in 1970, and an MBA from the

Wharton School of Finance and Commerce The Wharton School of the University of Pennsylvania ( ; also known as Wharton Business School, the Wharton School, Penn Wharton, and Wharton) is the business school of the University of Pennsylvania, a private Ivy League research university i ...

University of Pennsylvania The University of Pennsylvania (also known as Penn or UPenn) is a private research university in Philadelphia. It is the fourth-oldest institution of higher education in the United States and is ranked among the highest-regarded universit ...

in 1972.

Career

In 1996, he co-founded

Smedvig Capital Smedvig ASA, ("Smedvig"), ( OSE: SME, NYSE: SMVA) was a Norwegian offshore oil rig company headquartered in Stavanger until it was acquired (January 2006) by rig newcomer SeaDrill of tanker mogul John Fredriksen. At time of the merger Smedvig ...

with

Johnny Hewett Johnny is an English language personal name. It is usually an affectionate diminutive of the masculine given name John, but from the 16th century it has sometimes been a given name in its own right for males and, less commonly, females. Varia ...

. He is the principal owner of Smedvig ASA and Scana Industrier ASA.

Personal life

His daughter is

Anna Margaret Smedvig Anna Margaret Smedvig (born October 1983) is a Norwegian businesswoman, multi-millionaire and chairman of Smedvig Capital based in the United Kingdom. Smedvig is also the executive chairman of the Smedvig group of companies, which includes Sm ...

References

1946 births Norwegian billionaires Norwegian businesspeople in shipping Alumni of Newcastle University Wharton School of the University of Pennsylvania alumni Living people Smedvig family {{Norway-business-bio-stub