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flag Billionaire Norwegian real estate tycoon Olav Thon, known for his red cap, has died at 101.

flag Olav Thon, a billionaire Norwegian real estate developer known for his iconic red cap, has died at 101. flag Born in 1923, Thon began his career in animal breeding before founding one of Norway's largest real estate empires. flag His company owns over 80 shopping centers and 90 hotels across Europe and employs thousands. flag In 2013, Thon transferred most of his assets to the Olav Thon Foundation. flag He was also a philanthropist focusing on medical research and outdoor activities. flag Cause of death was not specified.

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