Top 10 Richest People in Faroe Islands in 2020


5. Bárður á Steig Nielsen

Bárður á Steig Nielsen (born 16 April 1972 in Vestmanna) is a Faroese politician and businessman. He has been the leader of the Union Party since 24 October 2015. He is also goalkeeper of the VÍF handball team and a former handball player of the Faroe Islands national team.

He started his business career as an employee in the accountancy firm Rasmussen og Weihe in Tórshavn 1993–2000. From 2001 to 2004 he was employed as the chief Accountant at the Kollafjord Pelagic in Kollafjørður. In 2007 he left his position as the Finance Minister of the Faroe Islands in order to become the general manager of the large scale building project SMI Stóratjørn in Hoyvík, planned by Icelandic business people.


The project was never implemented because of the Financial crisis of 2007–08, á Steig Nielsen was employed there until February 2009. From 2009–2010 he was the general manager of a machine shop in Hoyvík 2009–2010. From 2010 he was the CFO of the telephone company Vodafone Føroyarin Tórshavn.

He has been the board member of the Vágar Airport, Kollafjord Pelagic and of a few other trading companies in Tórshavn.

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