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BERGEN

Father and son duo Norway’s top earners

Father and son business duo Trond and Frederik Mohn have taken the top two spots on the list of Norway's largest income tax-payers, paying a combined 213.7 million kroner ($36m) in 2012.

Published: 18 October 2013 11:14 CEST
Father and son duo Norway's top earners
Trond Mohn (left) and Frederik Mohn (right) in front of a portrait of company founder Frank Mohn - Frank Mohn AS
Their Bergen-based company, Frank Mohn AS, supplies pumps to the oil and gas industry. 
 
"I think I pay exactly the right amount of tax. I pay it gladly," Trond Mohn, 70, who has long been Norway's largest income taxpayer, told E24.
 
Trond Mohn, a member of the Labour Party, said the new government's plans to limit the personal tax data made public by Norway's tax authorities was "a bad idea". 
 
"I think tax data should remain available and open. There is a tradition in Norway of an open and transparent society," he said. 
 
Trond Mohn earned 323.7 million kroner in 2012, while his son earned 142 million. 
 
Next in line came hedge fund owner Espen Nordhus, with income of 104 million, followed by Seadrill chief executive Alf Christian Thorkildsen (102m), Peter Groth, chief executive of the Aspelin Ramm property group (96m). 
 
Bestselling author Jo Nesbø was the top earner in the cultural space, with income of 39 million kroner.   
 
Many of Norway's richest men were notable for their absence from the list of top income tax payers. 
 

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RENTING

Rental prices in Norway’s biggest cities continue to rise

The cost of renting in Norway's four largest cities rose overall during the third quarter, with prices up six percent this year, figures from Real Estate Norway show. 

Published: 11 October 2022 11:33 CEST
Rental prices in Norway's biggest cities continue to rise

A sharp increase in rent prices in Norway continued throughout the third quarter, figures from Real Estate Norway (Eiendom Norge) released on Tuesday show. 

“Real Estate Norway’s rental housing price statistics show a historically strong rise in rental housing prices in Norway in the third quarter,” Henning Lauridsen, CEO of Real Estate Norway, stated in a report on the latest figures. 

Growth was most robust in Stavanger and Oslo, according to Real Estate Norway. 

“The strong growth in rental prices we have seen in the wake of the pandemic continued in the third quarter, and it is particularly in the Stavanger region and in Oslo that the growth in rental prices is strong,” Lauridsen said. 

Stavanger and nearby Sandnes saw the largest price increases, with the cost of renting there increasing by 4.7 percent during the third quarter. During the same period, rents in Oslo increased by 2.5 percent, while a marginal 0.3 percent rise was recorded in Trondheim. 

While the cost of renting in Norway’s four largest cities overall increased by 2 percent, rental prices in Bergen declined. There, rents fell by 2.5 percent in the third quarter.

Lauridsen said that the increase in rental prices was likely to continue due to several factors. High inflation, interest rates, increased taxes on rental properties and a low supply of homes on the market all contributed to increasing rents. 

However, he did note that the supply of rental homes on the market had increased in Trondheim and Oslo since the summer. 

Lauridsen said that the least well-off financially were being hit hardest by rent rises. Previously, the Norwegian government has informed The Local that it will not introduce a temporary cap on rent increases. 

READ MORE: Norway’s government rules out a temporary rent cap

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