The Forbes annual list of billionaires has been published with five Czech’s making it onto the top 1000 worldwide. The owner of PPF Group Petr Kellner is listed as the richest at 69th place with wealth estimated at $10.6 billion.
“Petr Kellner made a successful bet last year splitting his telecom group into two entities: O2 Czech Republic, which remains publicly traded … and Cetin, which was taken private”
Mr Kellner was listed at 106 the previous year with wealth estimated at $8.4 billion. Following him is Finance Minister Andrej Babiš with $2.5 billion worth and landing him 688th
“His most recent proposal to cut the value added tax on draft beer to ten percent from twenty-one percent won rave reviews across the political spectrum. Babis’ agricultural conglomerate, Agrofert, is also growing despite the fact Babis does not go to company headquarters as often as he used to”
The remainder of the five are as follows:
- No 959: Radovan Vitek Owner of CPI Property Group with $1.9 billion
- No 1,118: Karel Komárek of KKCG with $1.6 billion
- No 1,712: Pavel Tykač of Czech Coal with $1.2 billion
Worldwide, Bill Gates holds his place as richest billionaire with a staggering $75 billion.