Newest PGA Tour winner Kristoffer Reitan comes from a billionaire family with unique story
Kristoffer Reitan earned $3.6 million by winning the Truist Championship at Quail Hollow for his first victory on the PGA Tour. While this kind of payday would change the lives of the overwhelming majority of people walking the planet, Reitan is an exception, thanks to its history and incredibly lucrative family business.
The 28-year-old’s professional golf journey is certainly not unique. After quitting playing college golf at the University of Texas and turning pro, he attended European Tour qualifying school in 2018. He then went on to play on the Challenge Tour before earning his DP World Tour card in 2024.
In 2025 Reitan won the DP World Tour for the first time and finished the season eighth in the Race to Dubai standings, giving him a PGA Tour card for 2026, and he has now taken full advantage of this with a victory and three other top-15 finishes.
Norway’s Kristoffer Reitan receives the trophy after the final round of the Truist Championship at Quail Hollow Club on May 10, 2026 in Charlotte, North Carolina. (Photo: Tracy Wilcox/PGA TOUR via Getty Images) (Tracy Wilcox/PGA TOUR via Getty Images)
RICKIE FOWLER FINISHED SECOND IN THE TRUIST CHAMPIONSHIP AND HIS RETURN SPEECH IS RETURNING
Inside the ropes Reitan undoubtedly worked his way up to where he is today, ranked 25th in the world, but outside the ropes he didn’t quite have the financial pressures experienced by most who pursue the dream of playing professional golf at the highest level.
Reitan’s grandfather is a man named Odd Reitan. Not everyone living outside Scandinavia probably knows this name, but those who do know Odd and the Reitan family very well.
In 1979, Odd founded a chain of convenience stores called REMA 1000. Eleven years later, there was a REMA 1000 store in every village with more than 10,000 residents in Norway, before spreading to Denmark, Hungary, Poland, Sweden and Slovakia at the beginning of the 21st century. Odd’s son Ole is the manager of REMA 1000.
38,000 people work in the supermarket chain known as Reitangruppen, which is now the sole owner of Odd.
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Kristoffer Reitan of Norway makes a putt on the sixth hole during the third round of the Truist Championship 2026 at Quail Hollow Country Club in Charlotte, North Carolina on May 09, 2026. (Photo: Jared C. Tilton/Getty Images) (Jared C. Tilton/Getty Images)
In 2004, another venture, Reitan Convenience, took over the responsibility of Narvesen and 7-Eleven brands. Two years later Reitan acquired Hydro Texaco in Norway and Denmark and the investment proved to be lucky; Meanwhile, Reitan Convenience continued to develop before Reitan Kapital was founded in 2016. Kristoffer’s father, Magnus Reitan, is the CEO of Reitan Kapital.
Norway’s Kristoffer Reitan after winning the Truist Championship at Quail Hollow Club on May 10, 2026 in Charlotte, North Carolina. (Photo: Tracy Wilcox/PGA TOUR via Getty Images) (Tracy Wilcox/PGA TOUR via Getty Images)
All in all, the Reitan family has had a pretty solid foothold in five different businesses since the late 1970s, making Odd Reitan and his family the 383rd richest group in the world, with a net worth of $9.1 billion. Forbes.
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Today, Reitan Retail It covers the retail division of the family-owned company with approximately 3,600 sales points in seven Scandinavian and Baltic countries.
Golf is a rich sport, but Kristoffer Reitan’s family makes even the richest look poor.
