Torbjorn Tornqvist

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.