| Odd Reitan | |
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Odd Reitan
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| Born | 11 September 1951 Trondheim, Norway |
| Residence | Trondheim, Norway |
| Nationality | Norwegian |
| Occupation | Co-owner and CEO, Reitan Group |
| Known for | Founder of Reitangruppen |
| Net worth |  $4.5 billion (December 2016) |
| Title | Colonialmajor |
| Spouse(s) | Marit Arntsen |
| Children | 2 |
| Website | Reitangruppen.no |
Odd Reitan (born 11 September 1951) is a Norwegian businessman. He was born in Trondheim. He is co-owner and CEO of the Reitan Group.
Reitan established his first shop in Trondheim in 1972, in cooperation with his father. In 1979 he established the grocery chain store REMA 1000, which came to be a great success. By 1990 every village in Norway with more than 10,000 inhabitants had a Rema 1000 shop. During the 1990s the chain expanded in Denmark, Sweden, Poland, Hungary and Slovakia.
Reitan played keyboard in the music group Four Jets in the 1960s.
2012 book
He and his 2012 book was the subject of an editorial in Klassekampen. The editorial highlighted his idea of him governing Norway without being elected by popular vote. His idea is that he could be appointed by Norway’s king. The editorial described these ideas as “undemocratic dirt”.
Philanthropy
In 2013 he awarded Norwegian kroner 2 million to Anlov Mathiesen (chief editor of =Oslo), saying that Mathiesen’s work contributes to “increased self-respect for the vendors of the street magazines.”
Personal life
He is married to Marit Arntsen (December 11 December 1952) whom he married in 1972. He has the two sons Ole Robert Reitan (Born October 5, 1971) and Magnus Reitan (Born March 11, 1973). He resides in his houses in Spain and in Lade Gård, Trondheim.
Odd Reitan Net Worth: Odd Reitan is a Norwegian grocery magnate who has a net worth of $3.9 billion. Odd Reitan reached his billionaire status as co-owner and CEO of Retain Group, a Norwegian wholesaler and retail franchiser. He made his beginnings in 1972 when he set up his first shop in Trondheim together with his father. By 1979, the father-and-son duo went on to found the grocery chain store Rema 1000. Turning out to be a great success, there was opened a Rema 1000 store in every Norwegian village with more than 10,000 inhabitants by 1990. Ever since, the company has grown internationally, expanding in Denmark, Sweden, Poland, Hungary and Slovakia. That’s how Odd Reitan, who played in the music group Four Jets in the 1960s, became a successful entrepreneur some few decades later.
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