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The Independent UK
The Independent UK
National
Ap 321581

Olav Thon: Norwegian billionaire famed for bright red cap dead at 101

Norway
Norway Obit Thon - (ASSOCIATED PRESS)

Olav Thon, a billionaire entrepreneur recognizable for his bright red cap who went from selling leather and fox hides in his youth to build one of Norway's biggest real estate empires, has died, his company said Saturday. He was 101.

“It is with great sadness that we have today received the news that Olav Thon has passed away,” Olav Thon Gruppen said in a statement. The cause of death was not immediately specified.

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