He belonged to the patriciate of the port town of Skien and was the maternal grandfather of playwright and theatre director Henrik Ibsen.
Johan Altenburg was originally a ship's captain, but stopped sailing at a relatively young age.
Altenburg ran a lumber trade, owned several ships, a farm and a large brewery in the community of Bratsberg.
Following his death and his daughter's marriage to Knud Ibsen in 1825, his considerable fortune passed to his son-in-law, who however went almost bankrupt due to failed speculations in the mid-1830s.
[3][4] AltenburggÄrden manor burned to the ground in the 1886 citywide fire which also reduced much of Skien to ruins after which the center of town was rebuilt.