Olav Thon, Billionaire Norwegian Real Estate Tycoon, Dies at 101
- His closely held firm owns hotels, shopping centers, offices
- Childless, he created a foundation to ensure company’s future
Olav Thon, in one of his hotels in 2004.
Photographer: Andrea Gjestvang/Bloomberg
Olav Thon, who started out as a fur trader and built a property empire that made him one of Norway’s richest people, has died at 101.
Kjetil Nilsen, chief executive of Oslo-based Olav Thon Gruppen, announced Thon’s death on the company’s website. No cause was given.