Gustav Witzøe builds high-tech salmon farm despite Norway’s $100,000 daily wealth tax

Norwegian billionaire Gustav Magnar Witzøe is pressing ahead with an ambitious plan to build what he calls the “world’s best fish farm,” even as Norway’s wealth tax has become a costly burden on his fortune. According to Bloomberg, the 33-year-old heir to the SalMar salmon farming empire has chosen to remain in Norway despite tax increases that he says cost him around $100,000 a day, and he is backing the family business with a strong push into technology and automation.