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Last year Tom Hagen was the 165th richest person in Norway with an estimated fortune of NOK 1.9 billion, according to Kapital’s summary.
This year, the 70-year-old has dropped four spots on the list, but at the same time his fortune has risen. According to the financial magazine, Hagen can call himself a billionaire for the first time. Capital estimates his fortune at two billion.
He has been a successful businessman for many years, but did not appear much in the public eye until his wife Anne-Elisabeth Hagen (68) disappeared on October 31 almost two years ago.
Released from custody
Initially, the police believed that it was a kidnapping for economic reasons, in part because Hagen found a threatening letter with the message to pay nine million euros in cryptocurrency to get his wife back.
After a year and a half of investigation, Hagen was arrested in April this year and accused of having killed or participated in the murder of his wife.
We know this about police evidence
Hagen has always denied criminal guilt and believes that the police are misguided. He still believes that his wife was abducted by unknown perpetrators.
After eleven days in detention, Hagen was released because the Eidsivating Court of Appeal believed that the evidence the police had when they arrested him was too weak.
Got rich in electricity
It is through his ownership in Holding 2 that Hagen has slowly but surely accumulated his fortune. He entered the list of the 400 richest people in Norway in 1999. At that time, his fortune was estimated at around 550 million NOK.
Therefore, the 70-year-old man has been on the list for more than 20 years.
Tom Hagen’s story: how he became a billionaire
He’s based his business on buying, selling, renting, and developing real estate, but it’s the investments he made in Elkraft in the 1990s that have made him truly wealthy. Through his holding company, he owns 70 percent of Elkraft.
The company buys electricity on energy exchanges and resells it on the Nordic corporate market.
Waiting for privacy
Privately, Tom Hagen owns a cabin in Kvitfjell, as well as the single-family house at the bottom of Sloraveien 4. Police believe the house is the scene of a murder.
He begged the police to delete the details of the interrogation.
Since Hagen was arrested in late April until last Friday, the police seized the home and refused the billionaire to move home.
– I’ve seen the house as it is now. It is not very visible that it was investigated there. I have also spoken with Tom Hagen. He thinks it will be good to come back and I hope all the press will respect his desire for privacy and that of his family in the future, defender Svein Holden told a united press body in connection with the return of the house by police.
In recent weeks, the Eastern Police District has not been allowed to interview about the status of the investigation, save for brief responses to emails. They won’t do it until closer to October 31, they say.
