Kings of Icelandic debt revealed

jon-asgeir-little1Jon Asgeir Johannesson and his family owed the Icelandic banks around ISK 300 billion (USD 2.3 billion at today’s rate). His parents owed ISK 60 billion each.

The Althingi report into the banking collapse which was released last week reveals that the British businessman Robert Tchenguiz was the banks’ biggest debtor, owing around ISK 360 billion. Olafur Olafsson was next, owing ISK 164 billion – and both of their debt burdens have doubled in euros since 2007.

Jon Asgeir Johannesson is the third biggest debtor on the list, owing the Icelandic banks ISK 126 billion. Bjorgolfur Gudmundsson owes around ISK 70 billion.

Jon Asgeir’s parents are sixth and seventh, and his wife is ninth on the list.

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