Torbjorn Tornqvist Net Worth

After subsequent stints at Scandinavian Trading Co. and Intermaritime Group Petrotrade, he decided to form Gunvor’s predecessor company in Estonia in 1997. Its main operation was export of Russian crude oil. In 2000, he already established Gunvor along with Russian billionaire, Gennady Timchenko. He acquired his partner’s 43% share in the company right before Timchenko was hit by sanctions from the U.S. Treasury.