Does The Divorce of Norwegian-American Businessman Bernt Bodal Affect His Net Worth?

Does The Divorce of Norwegian-American Businessman Bernt Bodal Affect His Net Worth

Bernt Bodal is a Norwegian-American businessman who is well-known for being the former Chief Executive Officer of American Seafoods, one of the renowned seafood companies in the United States of America. Also, a former musician, Bodal is a partner in Rock N Roll Fantasy Camp.

He is most recognized for his strong leadership capabilities, which supports him stay on top of the charts whenever it comes to businesses and the management cultures he stands for. The net worth of Bernt Bodal is adequate by all standards looking at the parts he has played throughout most of his life as a businessman.

Here we will discuss everything regarding Bodal’s life, net worth, and success story, which now presents as a source of inspiration to young entrepreneurs.

Bernt Bodal’s Early Life

He was born in Oslo, Norway, and was raised in a small town on Oslo’s outskirts. Growing up, he was focused entirely on music and was devoted to making a career as a musician. He was a member of the band Host, and they released three studio albums together. He also played with several famous musicians, including big names like Roger Daltrey and Sammy Hagar.

His parents left Norway and moved to the U.S. to work in the fishing industry, and he chose to follow suit. In the United States, Bernt started working as a fisherman for a fish processing company in Massachusetts.

Bernt Bodal’s Career

After doing several minor jobs, Bernt gathered enough money to focus on his own business. So he teamed up with a group of investors in the year 1999 and acquired the company American Seafoods. He was named Chief Executive Officer of the company and held the position until 2017.

After more than 25 years of service, Bernt Bodal retired from the American Seafoods Company in May 2017. He stepped down from his position as chairman of the company’s Board of Directors as a part of his retirement from active participation in the company.

American Seafoods

American Seafoods Company is owned by the American Seafoods Group Consolidated, LLC. Uppermost leaders of the Group include Mikel Durham as CEO, Kevin McMenimen as CFO, Margery Schelling as Executive Vice President of Marketing, Strategy, and Innovation; Scott McNair as the Executive Vice President of Product & Business Development; and Inge Andreassen as President of the American Seafoods Company which is a subsidiary of American Seafoods Group.

The company is one of the largest seafood companies in America and one of the leading fish harvesters globally. Headquartered in Seattle, Washington, in the United States, American Seafoods Company owns and manages six large catcher-processor vessels that collect and process on board fish caught in the waters of Alaska and the Pacific Northwest.

The company is well-known for its products made from Pacific cod, Alaska pollock, Yellowfin sole, and Pacific (whiting) hake. These products are sold all over North & South America, Europe, and Asia.

American Seafoods Company is the best harvester in the United States Bering Sea Alaska Pollock fishery with about 45% of the catcher-processor market share. American Seafoods products include whole fillet blocks, white fish meal, surimi made from entire fillets, minced pollock blocks, fish oil, and other “sidestream” products such as bone meal, fish skins, and stomachs. American Seafoods also provides fillet blocks, minced blocks, headed and gutted fish, white fish meal, and fish oil.

Today the company records annual revenues of over $600 million, and Bernt Bodal is the majority shareholder.

In 2012, Bodal was featured on the reality T.V. series “Undercover Boss.” The show accompanied him while he spent time on a boat working as a fisherman.

A noted leader and innovator, Mr. Bodal was responsible for taking the American Seafoods company through an era of colossal change, including developing fishing cooperatives in both the United States Pacific hake and Alaska pollock fisheries. Such cooperatives were essential to the company dramatically growing its product recovery rates.

Personal Life & Family

Bernt Bodal and Elizabeth Lynn Vargas have been married for 17 years. They were together for two long decades. He has three kids from his first marriage, and their names are Thomas Bodal, Alexander Olav Bodal, and Thomas Bodal. Bernt has no children from his second marriage with Elizabeth Lynn Vargas. 

Bernt Bodal and Elizabeth Lynn Vargas

In 2020 it was confirmed that Vargas had been selected to join the cast of the reality television series The Real Housewives of Orange County. This businessman also has an Airline Transport Pilot rating.

While with the American Seafoods Group, he captained the flight of the company’s Falcon 2000 business jet. He reveals that he flew worldwide as required by the company, which operated in several countries around Asia, Europe, and North and South America.

He has reportedly flown more than 7,000 hours and is type-rated on several types of jets.

Bernt Bodal’s divorce was finalized in July 2020

After getting hooked, Elizabeth and Bernt chose to build a life together in the sun-drenched city of La Quinta, Calif., which is just a short drive away from Palm Springs, Calif. Elizabeth filed for divorce in April 2017, after learning about Bernt’s cheating. 

The divorce procedures went on for a whopping three years, and, as Elizabeth claimed in a previous interview, they cost her “an arm and a leg.” The divorce was finalized in July 2020.

Bernt Bodal has already got a new girlfriend name Michelle Fox

There’s little information available on Bernt’s dating history. It’s hidden who he was in relationships with before meeting Elizabeth. 

What’s more, there are some differences concerning Bernt and Elizabeth’s wedding date, with some outlets claiming that they were married for five years and others stating that they got married in 2000. According to an Instagram Story Elizabeth shared on her divorce date, she had been with Bernt for 20 years.

Bernt has not talked much about the woman he is currently with, but there is some information on Bernt’s Facebook, which may indicate that he is with a woman by the name of Michelle Fox.

In a July 2019 post on Facebook, Bernt wrote, “Proud of my girlfriend @michellefox2 for executive producing the first ever Montreux Legends Club … huge success with host Mark Goodman of SiriusXM radio Nigel Olsson and Ray Cooper of Elton John’s Band and Will Calhoun of Living Colour.

Michelle, for her part, has private Instagram, but it seems that her Facebook is public as well. She has shared various pictures of the two. For Bernt’s birthday in June 2020, she wrote a post referring to him as her “best friend, one true love and the person that makes my heart light up every single day.

Michelle is a mom of two and is currently the Senior Vice President of Business Development at SentryHealth. And while it does seem that Michelle and Bernt are presently together, it is difficult to tell how long they have been together or if Michelle is certainly the mother of his child.

Bernt Bodal Net Worth and How He make Money?

Bodal had an interest in music from an early age and still has. He released three albums with his band and has worked with several musicians, including Sammy Hager, Roger Daltry, and Pearl Jam’s Eddie Vedder. However, after moving to the United States, his dream of becoming a Rockstar disappeared, and he switched focus elsewhere.

After his parents moved to the United States to work in the fishing industry, Bodal decided to follow the same steps and began working for a fish processing company in Massachusetts. Bernt spent almost 13 years in finishing, and in 1990, he joined American Seafood as a minority partner.

In 1999, Bernt and other investors acquired the company American Seafoods. He became CEO and hold that position until 2017. Today, the company has annual profits of around $500 million, and Bernt has the most share in the company. Although he retired from his position, he still is a board member of American Seafoods. When he first started working, the company had only two ships. The number grew to 16 by the time he became the CEO of the company.

Bernt Bodal Net Worth

As of 2021, Mr. Bernt Bodal’s net worth is currently $200 million.

In 2008 he and his wife Elizabeth shelled out a total of $3.5 million and spent it all on a property in La Quinta, California. They also own another $2 million worth of mansion which they built in 2014. While he has made money from his successful career, Bodal will always be remembered as the man who singlehandedly turned things around for good during his tenure as the chief executive officer of American Seafoods company.

In 2014 they built a 10,500 square-foot mansion that has six bedrooms and nine bathrooms.

In 2017, because of their divorce, they listed the home for sale for $11.9 million. After three years of listing, they finally sold the house for $8.5 million.

10 Facts on Bernt Bodal

  1. Bernt Bodal was born in Oslo, Norway, where he spent his childhood and early teenage. His official birthdate, however, remains yet to be inquired.
  2. Bernt was initially married to Elizabeth Vargas. Doe to scathing and multiple unfortunate events, the couple was separated since 2017. Officially, the couple is finally divorced in 2020 after a long pernicious way to divorce.
  3. Bodal was regarded a billionaire by his peers and his fellow fans. However, after a long lawsuit and divorce, he is down to the net worth capital of $200 Million as per some records.
  4. Bernt was a part of a beautiful family. However, he and his ex-wife were the only media personality. The couple had kept the identity of their child anonymous for privacy purposes.
  5. Bernt, like his ex-wife, also has his Wiki page. Unfortunately, the webpage is based in the Nordic language and cannot be translated into English.
  6. Bodal migrated to the U.S. when he was around his 20s. He is half Norwegian half American in terms of nationality.
  7. In contrast to their divorce, the couple has also sold their $11.9 Million worth mansion based in L.A.
  8. As for the age, it is not mentioned about the official sources. By his looks, he can be somewhere in his 50s.
  9. Bodal is on Twitter @berntbodal but isn’t active since 2019.
  10. His ex-wife Vargas is the latest cast of The Real Housewives of Orange County.

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