His birthplace was possibly Norðragøta, where his father lived with Tróndur í Gøtu in Hov.
He was married to Tóra Sigmundardóttir, the daughter of Sigmundur Brestisson and Turið Torkilsdóttir.
However, as long as Tróndur í Gøtu lived, it was clear that King Olaf would not have full control of the Faroes.
After Tróndur í Gøtu's death in 1035, King Magnus Olafsson claimed control of the Faeroes.
By the latter half of the 12th century, the Faroe Islands became firmly attached to the Kingdom of Norway.