OSLO (Reuters) - Norway's richest man has handed a chunk of his personal wealth, including his listed real estate holding company, to a charitable foundation, marking his exit from a self-built business empire.
Olav Thon, whose wealth is estimated at 27 billion crowns ($4.39 billion) by Kapital magazine, handed his 71.9 percent stake in Olav Thon Eiendomsselskap ASA to his newly created foundation, starting off the new entity with about $1.3 billion, based on the firm's market capitalisation.
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