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From The Sunday Times
March 1, 2009

Stein Erik Hagen (Norway)

GREEN RANKING FOR 2009
Ranking: 29=
Worth: £1.7bn
Green investment: Electric cars

Stein Erik Hagen founded the Norwegian RIMI discount store chain with his father in the 1970s. He then sold out, receiving $1 billion in 2004 for his remaining stake. He later bought into department store chain Steen & Strom through his Canica consumer-goods operation. Steen & Strom was sold in July 2008, netting Canica about £990m. One of his investments is in Think, the Norwegian electric car venture. Hagen was valued at more than £2 billion by Forbes in its 2008 list of the world billionaires. We cut him back to £1.7 billion.

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