News
No More Billionairs In Iceland

No More Billionairs In Iceland

Published March 21, 2013

There are no more billionaires in Iceland, with all the pre-crash billionaires having either lost or exported their wealth, RÚV reports.
Back in the roaring days of 2007 and thereabouts Iceland claimed six (US dollar) billionaires, in an economy worth about $13 billion, according to Bloomberg.
Among the billionaires to lose it all are Björgólfur Guðmundsson, former chairman and owner of west Ham united FC, and former majority owner and chairman of Landsbanki; and former Baugur Group head honcho recently handed  a suspended sentence for accounting fraud, Jón Ásgeir Jóhannesson. Both men filed for bankruptcy in 2009.
The only Icelander still to be considered a billionaire is Björgólfur’s son and Iceland’s original billionaire, Björgólfur Thor Björgólfsson who, despite playing a role in the financial collapse, was able to escape with $1 billion in tact. He resides in the UK.



News
Environment Minister Supports Shutting Plant Down

Environment Minister Supports Shutting Plant Down

by

Iceland’s Environment Minister, Björt Ólafsdóttir, believes shutting down the United Silicon plant in Reykjanesbær is an acceptable course of action.

News
Iceland To Abandon Currency Altogether

Iceland To Abandon Currency Altogether

by

Sources close to Grapevine within the Central Bank have confirmed that Iceland is going to abandon its age-old love-hate relationship

News
First Lambs Of Spring Arrive

First Lambs Of Spring Arrive

by

A collective welcome to the first lambs born in Iceland this spring. The two little floofy black ram lambs were

News
Silicon Plant Denies Pollution, No One Buying It

Silicon Plant Denies Pollution, No One Buying It

by

The Environment Agency of Iceland has rejected a statement from United Silicon suggesting that the high levels of arsenic in

News
Reykjavík of Yore: Laugardalshöllin

Reykjavík of Yore: Laugardalshöllin

by

Laugardalshöllin was Iceland’s largest gymnasium for decades. The house was designed by Gísli Halldórsson and Skarphéðinn Jóhannesson, and its construction

News
Music Picks: Auður Meets Jason Mraz

Music Picks: Auður Meets Jason Mraz

by

Ketamine, Chicken, and Butter Shades of Reykjavík / Hrnnr & Smjorvi Saturday – April 1 – 22:00 – Hvíti Riddarinn

Show Me More!