▁street ▁God tha abs ve j ▁in ▁Freder iks berg ▁in ▁C open hagen . ▁The ▁company ▁did ▁well ▁and ▁Thor ▁was ▁soon ▁the ▁rich est ▁person ▁in ▁I cel and . ▁In ▁ 1 9 0 8 ▁he ▁built ▁himself ▁a ▁splendid ▁house ▁at ▁Fr ík irk ju veg ur ▁ 1 1 , ▁by ▁T jör n in , ▁now ▁in ▁the ▁Hall arg ar ð ur ▁sculpt ure ▁park . ▁ ▁With ▁P ét ur ▁J . ▁Thor stein sson , ▁Thor ▁was ▁a ▁founder ▁member ▁of ▁the ▁fish ing ▁and ▁fish - processing ▁company ▁P J ▁Thor stein sson ▁& ▁Co , ▁otherwise ▁known ▁as ▁the ▁Mill j ón arf é lag i ð , ▁in ▁ 1 9 0 7 . ▁The ▁company ' s ▁name ▁came ▁about ▁because ▁it ▁aim ed ▁to ▁achieve ▁a ▁share ▁capital ▁of ▁IS K 1 m , ▁which ▁would ▁have ▁equ alled ▁I cel and ' s ▁state ▁budget --- though ▁that ▁goal ▁was ▁never ▁quite ▁achieved . ▁Through ▁it , ▁Thor ▁took ▁a ▁role ▁in ▁the ▁design ▁of ▁the ▁J ón i ▁for set i , ▁I cel and ' s ▁first ▁tra w ler ; ▁established ▁a ▁har bour ▁at ▁Vi ð ey ; ▁and ▁built ▁I cel and ' s ▁only ▁railway ▁line . ▁P ét ur ▁and ▁Thor ▁got ▁on ▁badly ; ▁P ét ur ▁left , ▁and ▁four ▁years ▁later , ▁the ▁company ▁was ▁bank rupt ; ▁both ▁partners ▁lost ▁money , ▁but ▁P ét ur ▁the