Torbjorn Tornqvist

Torbjörn Törnqvist is a Swedish billionaire, and the CEO and co-founder of Gunvor, “one of the largest commodities conglomerates in the world”, with the Russian billionaire, Gennady Timchenko.

  • Torbjorn Tornqvist is the Swedish co-founder of Gunvor Group, one of the largest commodities conglomerates in the world.
  • The massive oil trader benefits from an increasingly diverse presence with refineries, pipelines, terminals and mining operations in 35 countries.
  • Tornqvist got his start at British Petroleum in 1977 and founded Gunvor with Russian billionaire, Gennady Timchenko, in 2000.
  • In 2014, one day before the US Treasury imposed sanctions against Timchenko over Russia’s annextion of Crimea, Tornqvist bought out Timchenko.
  • Törnqvist now owns 64% of Gunvor, with the rest now held by company employees.

Torbjorn Tornqvist