| Birth Place | Norway |
Olav Thon, a prominent figure in Norway's real estate industry, is projected to have a net worth of $6 billion by 2024. With an illustrious career spanning several decades, Thon has built an unparalleled empire in the property market. His vast wealth is a testament to his shrewd investment strategies and astute business acumen. Thon's success is deeply rooted in his ability to identify lucrative opportunities within the Norwegian real estate sector and seize them with precision. As a visionary leader, he has contributed significantly to the development of both commercial and residential properties, drastically shaping the landscape of his home country. With his unwavering dedication and proven track record, Olav Thon's net worth is poised to continue growing, solidifying his status as a prominent figure in the global real estate arena.
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.
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.
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.
Thon was appointed honorary doctorate at Karlstad University in 2013.
