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Sweden Today

Swedish news in English

Friday, November 22, 2024

Norwegian Business Icon Olav Thon Dies at 101

Published: 2024-11-16

Olav Thon, one of Norway's wealthiest and most influential businessmen, has passed away at the age of 101. Thon, who was a pioneering figure in the real estate and hotel industry, founded the Thon Group, which owns over 90 hotels and 80 shopping centers across several countries, including Sweden.

He served as the CEO and chairman of the group until 2022, stepping down at the age of 98. Thon's legacy is marked by his visionary leadership and significant contributions to the business world, earning him recognition as one of the world's richest individuals.

Fellow Norwegian hotel magnate Petter Stordalen praised Thon as a legend and an inspiration to aspiring entrepreneurs.

Thon's impact on the industry and his philanthropic efforts have left a lasting imprint on society.