Connect with us

Hi, what are you looking for?

Planet Earth

Norway’s richest man gives away the entire fortune of 26 billion NOK ($4.39 billion)

Norway’s richest man gives away the entire fortune of 26 billion NOK ($4.39 billion) 1

Olav Thon establishes a foundation with a value that auditors estimate to 26 billion, confirming the 90-year-old told TV 2.

The Foundation shall have a Board of Directors consisting of seven members and have two purposes. The first is to own Olav Thon Group and its subordinate agencies. The second is to distribute funds for charitable purposes.

We expect both of us to be able to distribute a minimum of 50 million per year. Of this amount, I expect that about half will go to research, particularly in math and science disciplines, including medical sciences,

Because I reckon that even if I were to be 100 years, so it’s only nine to ten years left. And I will not take anything with me, laughing Thon.

says, Olav Thon to TV 2

Read more


Advertisement. Scroll to continue reading.

You May Also Like


The remains of the Viking ship have been discovered on a farm near a medieval church in Edøy, on the island Smøla, Norway. “The...


Kuke Garratt The Independent, UK Meteorologists and biologists have been left baffled by earthworms raining from the sky over Southern Norway. According to Norwegian news...


Sarah Zhang Gizmodo As a name, Hessdalen may be more familiar to UFO watchers than scientists. The valley in Norway is prone to “strange, hovering,...


YouTube user M Lam uploaded this video of what they believe is a possible bigfoot creature spotted outside of Squamish, BC. As they state...

Planet Earth

by Viralnova Deep inside a mountain on the freezing remote Norwegian island archipelago of Svalbard, halfway between mainland Norway and the North Pole, is...


Women, children and adolescents should avoid eating farmed salmon, according to Norwegian doctors and international experts. The reason is that salmon feed contains harmful...

Planet Earth

The wealthiest 400 Americans are worth over $2 trillion. Together, it’s been reported they own as much wealth as the bottom half of American...


by Chris Woodyard at Those who sail up along the coast of Norway to trade or to fish, all tell the remarkable story...