Olav Thon
Encyclopedia
Olav Thon 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 Sollihøgda, 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 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 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.
Norway
Norway , officially the Kingdom of Norway, is a Nordic unitary constitutional monarchy whose territory comprises the western portion of the Scandinavian Peninsula, Jan Mayen, and the Arctic archipelago of Svalbard and Bouvet Island. Norway has a total area of and a population of about 4.9 million...
real estate developer and listed by Forbes
Forbes
Forbes is an American publishing and media company. Its flagship publication, the Forbes magazine, is published biweekly. Its primary competitors in the national business magazine category are Fortune, which is also published biweekly, and Business Week...
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
Oslo
Oslo is a municipality, as well as the capital and most populous city in Norway. As a municipality , it was established on 1 January 1838. Founded around 1048 by King Harald III of Norway, the city was largely destroyed by fire in 1624. The city was moved under the reign of Denmark–Norway's King...
, in Sollihøgda, Hole municipality
Hole, Norway
Hole is a municipality in Buskerud county, Norway. It is part of the traditional region of Ringerike. The administrative centre of the municipality is the village of Vik. Hole is located around lake Tyrifjorden and extends to the woodland around Oslo...
. Thon is a Christian
Christian
A Christian is a person who adheres to Christianity, an Abrahamic, monotheistic religion based on the life and teachings of Jesus of Nazareth as recorded in the Canonical gospels and the letters of the New Testament...
. 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 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 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.