Jacob Stolt-Nielsen & family

About Jacob Stolt-Nielsen & family

Birth Day: May 12, 1931
Birth Place: Norway
Died On: February 15, 2015(2015-02-15) (aged 83)\nOslo, Norway
Birth Sign: Gemini
Residence: Oslo, Norway
Occupation: Shipping Magnate Founder of Stolt-Nielsen S.A. (1959)
Spouse(s): Nadia
Children: 4

Jacob Stolt-Nielsen & family Net Worth

Jacob Stolt-Nielsen & family was bornon May 12, 1931 in Norway. Norwegian shipping magnate Jacob Stolt-Nielsen spent more than 50 years at Stolt-Nielsen S.A., which he founded with just one ship. He died in February 2015 at age 83. He had retired as a director of the company in December 2014. Stolt-Nielsen was a member of Forbes list of the World's Billionaires in 2014, with a net worth of $1.15 billion. By February 2015, the stock price of Stolt-Nielsen S.A. had dropped dramatically, lowering his net worth to an estimated $600 million. Jacob Stolt-Nielsen made headlines in 2011 for his opinion on how to deal with piracy, saying "I'm just telling it like it is. The way to solve the pirate problem is to sink the pirates and their ships." He began his career at a ship brokerage in London before moving to New York city to work as a broker in the chemicals industry.
Jacob Stolt-Nielsen & family is a member of Logistics

💰 Net worth: $1.15 Billion

Some Jacob Stolt-Nielsen & family images

Awards and nominations:

Jacob Stolt-Nielsen has received recognition from a number of organizations for his achievements:

Publication: Biography by Kristian Ilner, “Jacob Stolt-Nielsen, an entrepreneur” published by Vigmostad Bjørke 2009

Biography/Timeline

1931


Jacob Stolt-Nielsen, Jr. (12 May 1931 – 15 February 2015) was a Norwegian Entrepreneur. The founder of Stolt-Nielsen Limited, he is widely credited as the creator of the parcel tanker concept. He also pioneered and built successful businesses in tank containers, offshore oilfield services and aquaculture. He served as a Director on the board of Stolt-Nielsen Limited, where his son, Niels Gregers Stolt-Nielsen, is chief executive officer.

1957

After a few years as shipping trainee, Jacob, worked as a shipbroker in New York. There, he was briefly associated with Charles Steuber Sr., at whose house he was married in 1957, and the two conceived of the idea for a new pump and pipeline system for tank ships which would permit a tanker to safely segregate multiple grades of dangerous chemicals, after first converting the m/t Freddy. The brief Business association between the two was short-lived because of divergent priorities. Based on the new design, Jacob jnr. started his own company, Parcel Tankers Inc, Liberia, in 1959. His ships were called parcel tankers and the trade became known as the Parcel Trade. The company grew very fast and is still today the largest owner and operator of parcel tankers in the world, now operating a fleet of about 150 ships ranging in size from 450 to 45,000 dwt. The Business is to run parcel tankers in regular, scheduled liner Service, transporting as many as 20/25 parcels of different liquid chemicals on each ship. The company operates such services all over the world.

1970

Stolt-Nielsen had also set his sight on the terminal Business as a natural complement to the tanker Business. He acquired his first storage terminal in the 1970s. Today, Stolthaven Terminals operates four owned and five joint-venture terminals, providing storage for chemicals and other speciality products in key markets worldwide with a total capacity of 4 million m3 when present construction completed.

1972

In 1972, Stolt-Nielsen started Sea Farm A/S in Norway for the production of salmon smolt. The company was subsequently renamed Stolt Sea Farm Ltd. (SSF) and grew to become the third largest salmon Producer in the world. The salmon Business was sold in 2006, with SSF retaining the turbot, caviar and sturgeon businesses. SSF has since also added sole to the menu.

1974

Jacob expanded into another new Business in 1974, when he created Stolt-Nielsen Seaway A/S to provide sub-sea construction services for offshore petroleum exploration and production in the North Sea. After the acquisition of Comex Services S.A., the company was renamed Stolt Comex Seaway S.A. In 1999 and 2000 the company acquired Ceanic Inc. and the French sub-sea contractor E.T.P.M., and was renamed Stolt Offshore S.A. The company was sold in 2006, renamed Acergy, and is now part of Subsea 7.

1982

In 1982, another industry caught Jaco|b’s attention. Stolt Tank Containers was established after the purchase of United Tank Containers. Starting out with only 400 tank containers, STC is today the world’s largest provider of door-to-door transportation services for bulk-liquid chemicals and food-grade products, with the total count of containers approaching 30,000.

2000

In 2000, after 41 years as head of the company, Jacob retired as chief executive officer and handed over the reins as CEO to his son, Niels Gregers, who continues as CEO of Stolt-Nielsen Limited today.

2003

In January 2003, Solt-Nielsen S.A. voluntarily entered The United States Department of Justice amnesty program, amid claims of anticompetitive activity and industry collusion. After penalties were handed down to two competitors, the DOJ then rescinded Stolt-Nielsen’s amnesty and notified Niels G. Stolt-Nielsen and Jacob Stolt-Nielsen that they were targets of his action. A trial in 2005 ruled unanimously in favour of Stolt-Nielsen and its executives. In December 2007, the DOJ announced that it would not appeal the decision. “Thus ended the worst episode in the history of Stolt-Nielsen,” wrote Jacob in the company’s 2007 annual report. “The struggle took a great toll. The cost in money – more than $150 million – was bad. The cost in grey hair and stress was worse… We proved the hard way that justice can be had in the U.S. if you have deep pockets and the nerve to fight. I am glad it is over.”

2009

Publication: Biography by Kristian Ilner, “Jacob Stolt-Nielsen, an entrepreneur” published by Vigmostad Bjørke 2009

2011

In 2011, Stolt-Nielsen suggested that captured pirates should be executed and their boats sunk, the historical response to piracy, as an effective solution to the Problem of piracy off the Horn of Africa. He was criticised by Norway's Foreign Ministry's state secretary, who said that "human rights" apply even to pirates.

2019

Jacob Stolt-Nielsen and his wife of more than 50 years, Nadia, have four children: Siri, Lise, Jacob B. and Niels. Jacob B. Stolt-Nielsen currently serves as a Director of Stolt-Nielsen Limited, having previously held a number of management positions in the company. The Stolt-Nielsen’s two daughters are not active in the company.