Olav Thon

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Olav Thon
Thon in 2013
Born	(1923-06-29) June 29, 1923 (age 98) Hallingdal, Norway
Occupation	Businessman
Employer	Olav Thon Gruppen
Title	Chairman of Olav Thon Gruppen
Spouse(s)	Married

Olav Thon (born 29 June 1923 in Ål, Hallingdal) is a Norwegian real estate developer and listed in the Forbes list of billionaires as the 198th richest person in the world with a net worth of $6 billion as of March 2013. He is Norway's richest person and his Olav Thon Group is Norway's largest private real estate company, with 450 properties, including 60 hotels.^[2][3] As of 12 March 2021, Bloomberg Billionaires Index estimated his net worth at US$ 6.20 Billion, making him the 437th richest person in the world.

His authorized biography, Olav Thon: Billionaire in a Parka, was written by Hallgrim Berg, a Norwegian politician and a folk musician; a translated version was published in English in October 2009.^[4]

Personal[]

Thon lives just outside Oslo, in Sollihøgda, Hole municipality. Thon is a Christian and is married but does not have any heirs.^[5][6] He grew up as a "farm boy who only went to the city to sell fox pelts". He enjoys various outdoor activities and is an honorary member of the Norwegian Trekking Association.^[2] Thon is "proud of his success, and his large tax bill, which he says he is glad to pay".^[2]

Thon was appointed honorary doctorate at Karlstad University in 2013.^[7]

Business[]

Olav Thon bought his first building in 1951 and opened his first restaurant in 1966. His company owns a total of 450 properties in Norway, including shopping malls, office buildings, retail stores, and hotels. His principal holdings are the private companies Stormgård AS and Thongård AS, in addition to a major stake in the publicly traded company Olav Thon Eiendomsselskap ASA.^[2]

Trust[]

In an article in the Norwegian newspaper Dagens Næringsliv on 10 September 2008, Olav Thon's solicitor, John Christian Elden, announced that Olav Thon intends to give away his entire fortune through the establishment of an independent foundation that focuses on the medical sciences.^[8][2] On 10 December 2013 he announced the decision for the entire 71.9% stake in his real estate company Olav Thon Eiendomsselskap ASA to give for charity trust of his own.^[9] Therefore, later, in February 2014, his personal assets estimated around US$1 billion.^[10]

Thon has no heirs.^[2]

References[]

Further reading[]

• Berg, Hallgrim (2009). Olav Thon: Billionaire in a Parka. North American Heritage Press. ISBN 978-0942323436.

External links[]

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