Torbjörn Törnqvist (born 1953) is a Swedish billionaire, and the CEO and co-founder of Gunvor, "one of the largest commodities conglomerates in the world", with the Russian billionaire, Gennady Timchenko.
[1] Törnqvist co-founded Gunvor in 1997 and is its CEO.
[2][3] Since its founding, Gunvor has grown to become one of the largest crude oil trader in the world.
[4][5][6] In 2016, he reduced his stake in Gunvor from 78% to 70%, and received a special dividend of about $1 billion, part of which went to repay his co-founder Gennady Timchenko, who sold his 44% to Törnqvist in March 2014, a day before Timchenko was sanctioned by the US for his "close ties to Vladimir Putin".
[7] Törnqvist is a keen sailor, and the head of Artemis Racing, who have competed in the America’s Cup.