The billionaire heirs diligently share photos of their jet set lives on Instagram. Now Jenny and Sophie have entered the real estate market – with dad Øystein Stray Spetalen (60) on the board.
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Jenny Stray Spetalen (20) and Sophie Stray Spetalen (18) have recently become more visible to the public through social media. Together, they have nearly 60,000 followers on Instagram.
While most influencers with the same type of following make money from advertising sales – and from collaborations with well-known brands – the Spetalen sisters are now in a more traditional market: real estate.
Both have become sole owners of their respective holdings, which own shares in each of their subsidiaries, which in turn each own their own condominium at the western end of Oslo. The shares of the two subsidiaries that own the condominiums were registered together at NOK 169 million in 2021.
– Both of these farms were purchased in 2020/2021. These properties were originally bought by his father, Øystein (Stray Spetalen), but it is clear that he has transferred one hundred percent of the property to his children, real estate agent Anders Langtind of Privatmegleren Ullevål writes in an email. .
Langtind specializes in condominiums in Oslo.
According to Capital Investor Øystein Stray Spetalen is one of the richest in Norway with a fortune of NOK 4.5 billion.
Now it’s up to the daughters too:
- According to recent accounting data for her little sister Sophie’s company, SSS Capital Management AS, her firm has 140 million assets, of which 80 million are shares in the company that owns the condominium at Oscars Gate. The company has a debt ratio of 60 percent.
- Jenny’s company, P76 Holding AS, has assets of over NOK 110 million, of which nearly NOK 89 million are shares in the company that owns the condominium in Parkveien. The company’s debt ratio is 59 percent.
In the two companies, the father sits as a board member and chairman.
VG has been in contact with Øystein Stray Spetalen and asked him if he would like to comment on this topic. In a text message he writes:
“Comment. Everything has to be printed consecutively. What a horny real estate broker and vg limelight speculate as a private matter are not commented on by normal families.”
VG reached out to Sophie and Jenny Stray Spetalen and asked what the plan is for the property in the future, but couldn’t get comment.
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In the two branches that own the Oscars Gate and Parkveien condominiums, the companies’ properties are registered at NOK 60 million and nearly NOK 22 million respectively.
Real estate agent Langtind says condominiums can also be worth more than what appears in the accounts.
– The (immovable) assets recorded in the financial statements in the accounts of a real estate company do not always reflect the real value, as it is the value at the time of incorporation of the property into a joint stock company that will “follow” it further – without taking into account any price increases / value increases in the market.
According to Langtind, owning a condominium through a public company is a common form of ownership.
– The advantage of this is that if you were to sell the condominium, i.e. the company that owns the condominium, any gains would be tax-free for the holding company that owned all the shares in the company that was sold.
On their social media, daughters flaunt a luxurious lifestyle. This includes, among other things, private plane travel, red carpets and yacht vacations.
Jenny Stray Spetalen – with almost 25,000 followers – from the Cannes Film Festival red carpet:
Little sister Sophie writes in her Instagram bio with over 35,000 followers that she is a Norwegian “singer / writer”. She also makes a big deal out of it Tic knock where it has over 61,000 followers.
On both platforms, she posts videos of her playing the piano and singing, among other things.
Plus, post photos of luxury hotels, champagne, and exclusive travel destinations.
Here from Munich:
In an interview with D2 charger Sophie has opened up about what she wanted to do in the future, including the fact that she wants to take risks by investing in her artistic career.
– The truth is that with music you have perhaps a one percent chance of success. And I know very well. But I will continue to take the opportunity. With education, I have a safety net. If it doesn’t work, I can become a lawyer. This is why I constantly juggle music and school work, he said in the interview.
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