Olav Thon Net Worth is$5 Billion
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Date of Birth: Jun 29, 1923
Country: Norway
Net Worth: View Olav Thon Net Worth
What is Olav Thon's net worth? Olav Thon's net worth is $5 billion dollars which makes him the richest person in Norway. Born in Al, Hallingdal, Norway, Olav Thon bought his first piece of real estate in 1951. Since then, the Oslo resident has managed to grow one building, into a massive real estate empire that includes domestic properties and 25 properties overseas. He branched out into restaurants in the mid-1960s, and, through his holding company, Olav Thon Gruppen, he now owns 425 properties in Norway, 61 shopping malls, 7000 hotel rooms - spread out over multiple hotels, a chain of retail stores, and a range of restaurants, clubs, and drinking establishments in Oslo. His holding company has increased in value exponentially over the last few years, bucking the real estate crisis that is being felt in many other parts of the world. Now in his late 80s, he recently announced that his wealth would go in to a trust after his death, "to be spent on future generations".
Olav Thon (born 29 June 1923 in Al, Hallingdal) is a Norwegian real estate developer and listed by Forbes List of Billionaires as the 368th richest person in the world in 2008. His 2005 reported income was NOK 1.2B (US $179M), the highest in Norway. He lives just outside Oslo, in Sollih?gda, Hole municipality. Thon is a Christian. His company owns 360 properties in Norway and 18 abroad, including shopping malls, office buildings, retail stores and hotels. His principal holdings are the private companies Stormgard AS and Thongard AS, in addition to a major stake in the publicly traded company Olav Thon Eiendomsselskap ASA.
In an article in the Norwegian newspaper DN on September 10, 2008, Olav Thon's solicitor, John Christian Elden, announced that Olav Thon intends to give away his entire fortune. Thon's portfolio which has an estimated value of approximately NOK 21 billion, will eventually be placed in a trust named after Thon, and will according to Elden, be spent on future generations.

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Olav Thon Latest News

Nordic Dividend Royals

A portfolio of US only stocks could benefit by adding Nordic dividend royals in it. Atlas Copco and Novo Nordisk ... All of the below graphs are self-made using respective company financial material. Olav Thon Eiendomsselskap Olav Thon is a Norwegian ...
Posted: September 18, 2017, 2:32 pm

Veidekke ASA: Veidekke to build more homes for Thon in Lørenskog

Now 145 flats in three buildings will be built, in addition to the development of infrastructure. The principal is Olav Thon Gruppen through Thongård AS. The project is a turnkey contract valued at NOK 250 million excluding VAT. "The Eventyrtunet housing ...
Posted: January 13, 2014, 7:24 am

Veidekke ASA: Has won NOK 1 billion contract for Thon in Oslo

"We are very satisfied with winning this contract in tough competition, and would like to thank Olav Thon for the confidence he has shown in us by awarding us this important contract. Veidekke has enjoyed close collaboration with Olav Thon Gruppen on a ...
Posted: February 9, 2016, 4:00 pm
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