Money makers: Netting a billion from pollock

When crab stocks began to dwindle, American fishing tycoon Chuck Bundrant turned it to his advantage with a little lateral thinking.

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Chuck Bundrant made a fortune selling pollock to Americans
(Image credit: Credit: john angerson / Alamy Stock Photo)

"Chuck Bundrant's story is the stuff of industry legend," saysAlexander Sazonov on Bloomberg. "He knew nothing aboutfishing boats, or catching and processing crab and salmon,"his son and Trident Seafoods CEO, Joseph, explained in acorporate video two years ago. "He'd only watched a moviewith John Wayne in it called North to Alaska." That inspiredthe first-year student in 1961 to drive to Alaska "to earn a fewbucks fishing". With two crab fishermen, Kaare Ness andMike Jacobson, Bundrant built the 135-foot Billikin in 1973,and kitted it out with crab cookers and freezing equipmentso that, unlike other fishing vessels, the boat could stay atsea for longer.

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Chris Carter
Wealth Editor, MoneyWeek