Olav Thon
Real Estate

Olav Thon Net Worth

9 months from now

Olav Thon is a Norwegian real estate magnate who started his business in 1951 and now owns 450 properties, including 60 hotels. He grew up as a farm boy and is still an avid outdoorsman. Despite his success, he has no heirs and 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

Age, Biography and Wiki

Birth Place Norway

💰 Net worth: $6 Billion (2024)

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.

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

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.

Some Olav Thon images

Tags 1923 births Living people Norwegian Lutherans Norwegian company founders Businesspeople in real estate Norwegian billionaires Norwegian hoteliers Norwegian philanthropists Norwegian business biography stubs

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About the author

Lisa Scholfield

As a Senior Writer at Famous Net Worth, I spearhead an exceptional team dedicated to uncovering and sharing the stories of pioneering individuals. My passion for unearthing untold narratives drives me to delve deep into the essence of each subject, bringing forth a unique blend of factual accuracy and narrative allure. In orchestrating the editorial workflow, I am deeply involved in every step—from initial research to the final touches of publishing, ensuring each biography not only informs but also engages and inspires our readership.