Norwegian real estate mogul Olav Thon‘s 2013 net worth was $6 billion. Among Norway’s richest people he was Born in Ål, Norway, he visionary and tenacious developed an empire. At 101 Thon died on November 16, 2024, leaving an enormous legacy.
Quick Facts About Olav Thon
| Name | Olav Thon |
|---|---|
| Net Worth | $6 Billion (2013 estimate) |
| Born | June 29, 1923, Ål Municipality, Norway |
| Died | November 16, 2024, Oslo, Norway |
| Spouses | Inger-Johanne Thon (deceased), Sissel Berdal Haga Thon |
| Key Organizations | Olav Thon Group, Thon Hotels, Olav Thon Foundation |
| Parents | Sevat Embrikson, Margit Engebretsdatter Dokk |
Early Career Starting Points
Beginning his business in Oslo in the 1930s, Thon traded fur. Early on, he clearly had entrepreneurial drive. He spent trading profits on real estate. His efforts by the 1960s had expanded to become among Norway’s biggest private real estate firms.
Group Olav Thon
Largest private real estate company in Norway is Olav Thon Group. Among the more than 450 assets it owns are 60 hotels. The group projected 2023 operating income of NOK 13.6 billion. Having a staff of more than 2,000, it is a significant factor influencing Norway’s economy.
Dedicated to Philanthropy
Thon mostly turned over his fortune to the Olav Thon Foundation in 2013. This group backs social projects, research, and education. It guarantees his legacy advances society. Most of his assets today are managed by the foundation.
Net Worth Over Years
With NOK 20.8 billion Thon ranked as Norway’s second-richest person in 2007 Strategic investments helped his riches to rise continuously. His net worth at 2013 came to $6 billion. His efforts at diversification shielded his enterprise from economic swings.
Simple Origins, Grand Vision
Thon, born in Ål in 1923, came from a modest farming background. His childhood gave him discipline and fortitude. Early in life, he showed aptitude for business, finally transforming little businesses into major ones. His narrative is one of vision and diligence.
Investments in Hospitality
Leading hotel brand in Norway from the Olav Thon Group is Thon Hotels. Having 60 hotels, it is rather important for the group’s prosperity. Thon carefully increased his investments, concentrating on good sites to maximize returns.
Honors and recognition
Thon’s successes brought him both national and worldwide acclaim. 2013 saw him knighted in the Royal Norwegian Order of St. Olav. This medal underlined his charitable activities and economic achievements to Norway.
A Private but Powerful Life
Despite his fortune, Thon married twice and kept a rather quiet existence. Inger-Johanne, his first wife, died before he did. Later he wed Sissel Berdal Haga Thon. He attributed his achievement to a methodical, concentrated way of life.
Centennial Observation
In June 2023 Thon turned one hundred years old. This milestone attested to his fortitude and the influence of his work. He thought back on his achievements and the Olav Thon Foundation’s ongoing legacy, therefore extending his vision for Norway.
Beyond Wealth: Legacy
Thon’s influence transcends his net worth in great measure. By means of his foundation, real estate group, and services to Norwegian society, he creates a legacy. His narrative motivates next generations to welcome ambition and apply success for the benefit of society.
FAQs
- What was Olav Thon’s net worth?
$6 billion (2013 estimate). - What was the Olav Thon Group?
Norway’s largest private real estate company, with 450 properties and 60 hotels. - What is the Olav Thon Foundation?
A philanthropic initiative supporting education, research, and social causes. - What honors did Thon receive?
He was knighted in the Royal Norwegian Order of St. Olav in 2013. - When did Olav Thon pass away?
November 16, 2024, at the age of 101. - How did Olav Thon start his career?
He began as a fur trader in Oslo before investing in real estate.
