Nov 21, 2025
Viking Reaches Historic 100-Ship Fleet Milestone—And It’s Not Stopping There
As the company’s 100th ship takes off, CEO Torstein Hagen discusses old cruise stereotypes, new destinations and staying true to the “Viking way.”
PROFILE
Torstein Hagen
$16.6B
$43M (0.26%)
Real Time Net Worth
as of 12/17/25
Reflects change since 5 pm ET of prior trading day.
Photo by Ben Stevens/ZUMA Press/Newscom
From the Editor
- Torstein Hagen started Viking Cruises in 1997, at age 54, with four riverboats in Russia.
- He had previously served as CEO of upmarket cruise line Royal Viking. He was forced to step down in 1984 after a failed bid to buy the company.
- Viking caters to wealthy, American retirees and has over 70 river cruise ships, which primarily traverse Europe's major waterways.
- Hagen began to offer ocean cruises in 2015 and now has six 930-passenger ships.
- Since 2016, Hagen has sold 23% of Viking Cruises to TPG Capital and the Canada Pension Plan Investment Board, for a total of $672 million.
- In May 2024, Viking went public on the New York Stock Exchange, raising more than $1.5 billion.
Wealth History
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Forbes Lists
Personal Stats
- Age
- 82
- Source of Wealth
- Cruises, Self Made
- Residence
- Lucerne, Switzerland
- Citizenship
- Norway
- Marital Status
- Divorced
- Children
- 2
Did you know
In Their Own Words
I love risk. I really do.
Torstein Hagen
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