Olav Thon Net Worth

Olav Thon was born in Norway. Norwegian real estate magnate Olav Thon bought his first building in 1951 and opened his first restaurant in 1966. Now his Olav Thon Group is Norway's largest private real estate company, with 450 properties, including 60 hotels. Thon grew up as a farm boy who only went to the city to sell fox pelts. Today he is still an avid outdoorsman and honorary member of the Norwegian Trekking Association.He's proud of his success, and his large tax bill, which he says he is glad to pay. Having no heirs, Thon has announced his intention to give away all his properties and assets to society, particularly to medical science, through the establishment of an independent foundation.
Olav Thon is a member of Real Estate

💰 Net worth: $6 Billion

2010 $2.2 Billion
2011 $4 Billion
2012 $5 Billion
2013 $6 Billion
2018 $6 Billion

Some Olav Thon images

Biography/Timeline

1951

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.

2008

In an article in the Norwegian newspaper Dagens Næringsliv on September 10, 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. On December 10, 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. Therefore, later, in February 2014, his personal assets estimated around 1 billion USD.

2009

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.

2013

Thon was appointed honorary doctorate at Karlstad University in 2013.