John Fredriksen’s most valuable equity holding is related to the sea, but is not in merchant shipping and offshore, according to analysis by Bloomberg.
Fredriksen, who has seen his net worth slump 40% in the past 18 months thanks to the falling price of oil, is netting significant sums from another source – his 25% stake in Marine Harvest, the world’s largest producer of salmon. Fish prices have climbed to record highs of late – Bloomberg noting how a 4.5 kg salmon now costs more than a barrel of oil.
Fredriksen’s $1.6bn Marine Harvest holding is now more seven times as valuable as his similar-size stake in offshore driller Seadrill, Bloomberg statistics show.
