Thor Bjorgolfsson — Founder of Novator Partners

Thor Bjorgolfsson

Thor Bjorgolfsson, the founder of Novator Partners, is Iceland’s first and currently only billionaire. He is an important player in telecom, pharma, and banking. 

Thor Bjorgolfsson Is the Founder of Novator Partners and Became Iceland’s First Billionaire

Thor Bjorgolfsson is an investor and innovator who is famed for being Iceland’s first and only billionaire. He is the founder of alternative investment firm Novator Partners and plays an important role in the telecom industry, pharmaceutical, and banking industries.

About Thor Bjorgolfsson

Early Life

Born in 1967, Thor likely inherited his business acumen from his grandfather, Thor Jensen, who was one of Iceland’s first successful entrepreneurs. Thor himself was bitten by the bug of entrepreneurialism at the early age of ten when he made a deal on a pack of Marvel comics and eventually compiled a valuable comic collection. At the age of 11, he used his bicycle to run errands for a university physics lab in the summer and for Iceland’s biggest newspaper the next year. Thor went to college in the United States, receiving a B.S. from New York University. 

Brief History

Thor achieved initial success shortly after the fall of the Soviet Union. He believed that the change taking place in Russia could form the basis of an opportunity to supply an underserved market. He co-founded the Bravo Brewery, producing beer and spirits that ultimately made the company a leader in the Russian beverage industry. In 2002, Thor sold Bravo to Heineken for USD 100 million and used the revenue to make other investments in the telecom, pharma, and bank industries. Within a few years, he transformed his net worth into over USD 2.1 billion and was featured on the cover of Forbes Magazine in 2007.

Although he faced bankruptcy as part of the financial crisis that overtook Iceland later that year, Thor succeeded in paying off all of the personal guarantees for which he was responsible. He managed to find a way to make new investments once again and clawed his way back to Forbes’s list of billionaires a second time. In 2014, he recounted the saga in his book Billions to Bust and Back: How I Made, Lost and Rebuilt a Fortune, And What I Learned on the Way. 

Geographically

Thor lives primarily in London with his wife and three children, though he is an Icelandic citizen and speaks several languages. Thor invests in emerging markets and industries, taking risks in places where others tend to be quite averse to doing so. He has made numerous investments throughout Central and Eastern Europe as well as in Latin America.
Read more about the global reach of Novator Partners and Thor Bjorgolfsson 

Significant Investments

Thor’s company, Novator Partners, has consistently played a major role in the telecommunications industry. Thor is a stakeholder WOM, a Chilean telecom company, as well as in Play, a Polish telecom company that went public in 2017. He has also made investments in Zwift, BeamUp, Deliveroo, MMOG, CCP Games, and various cryptocurrencies. 

Read more about Thor in his website: www.Thorbjorgolfsson.com

More Investors from Europe

Paul Heydon

Paul Heydon

Paul Heydon, an angel and seed round investor actively working within the gaming and augmented reality/ virtual reality and AI industries.

Investor's Profile →
Mark Bivens

Mark Bivens

Mark Bivens, an entrepreneur, high-tech angel investor and cryptocurrency educator who has a broad range of investments throughout Europe and Japan.

Investor's Profile →
Jan Sessenhausen

Jan Sessenhausen

Jan Sessenhausen is a German early-growth venture capital investor. Sessenhausen is known for steering away from generic trends. Instead, his investment ideology explores companies that are developing fundamental concepts that will drive innovation.

Investor's Profile →
tim schumacher

Tim Schumacher

Tim Schumacher is a German entrepreneur and angel investor. He is best known for co-founding Sedo Holding AG and for serving as CEO of the company for over a decade.

Investor's Profile →
Ophelia Brown

Ophelia Brown

Ophelia Brown is a London-based venture capitalist and investor with a passion for technology. She is the co-founder of Blossom Capital and is known in the tech investment world for her knowledge and skills in venture capital investments and startups.

Investor's Profile →
oliver thylmann

Oliver Thylmann

Oliver Thylmann is an investor and entrepreneur based in Cologne, Germany. Thylmann is the co-founder and chief customer officer at Giant Swarm.

Investor's Profile →
Chris Adelsbach

Chris Adelsbach

Chris Adelsbach is a UK-based entrepreneur, mentor, and investor. His portfolio of 175 companies focuses primarily on disruptive fintech.

Investor's Profile →
Errol Damelin - Early Stage Investor

Errol Damelin

Errol Damelin is a South African entrepreneur and early-stage technology investor, who has previously been recognized as Digital Entrepreneur of the Year

Investor's Profile →
Robert Wuttke

Robert Wuttke

Robert Wuttke, a German angel investor who has made several investments in the technology and energy trading industries.

Investor's Profile →