Björgólfur Guðmundsson, Date of Birth, Place of Birth
TweetBjörgólfur Guðmundsson
Icelandic businessman
Date of Birth: 
Place of Birth: Reykjavík, Capital Region, Iceland
About Björgólfur Guðmundsson
- Björgólfur Guðmundsson (born 2 January 1941) was the chairman and former owner of West Ham United.
- Björgólfur was Iceland's second businessman worth more than a billion dollars — his son, Björgólfur Thor Björgólfsson being the first.
- He was at one time the majority owner and chairman of the now nationalised Icelandic bank Landsbanki, the second largest company in Iceland.
- He was ranked by Forbes magazine in March 2008 as the 1014th-richest person in the world, with a net worth of $1.1 billion.
- In December of the same year Forbes revalued his net worth to $0, and on 31 July 2009 he was declared bankrupt by the Icelandic courts with debts of almost £500 million (96 billion ISK).Björgólfur is a former footballer, furniture packer and law student, a recovering alcoholic of 30 years and an old-fashioned philanthropist.
- In the 1990s he was sentenced to 12 months in prison, suspended for two years, for bookkeeping offences, having faced around 450 charges.
- He went to Russia, remade his fortune and returned to Iceland, where he also had interests in shipping, publishing, food, communications and property.
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