Newest PGA Tour winner Kristoffer Reitan comes from a billionaire family with unique story
Fox News • • sports
Key Points:
- Kristoffer Reitan won the Truist Championship at Quail Hollow, earning $3.6 million for his first PGA Tour victory, but his financial background sets him apart from most professional golfers.
- Reitan's golf career includes turning professional in 2018, playing on the European Challenge Tour, earning his DP World Tour card in 2024, and securing a PGA Tour card for 2026 after a successful 2025 season.
- Reitan comes from a wealthy family led by his grandfather Odd Reitan, founder of the REMA 1000 grocery chain, which operates thousands of stores across Scandinavia and Eastern Europe.
- The Reitan family business, Reitangruppen, employs 38,000 people and spans multiple sectors, including retail, convenience stores, and fuel stations, with a total net worth estimated at $9.1 billion.
- Despite golf's lucrative nature, Kristoffer Reitan's family wealth significantly exceeds typical earnings in the sport, making him an outlier among professional golfers.