Petr Kellner
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| Petr Kellner | |
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| Born | May 20, 1964 Liberec, Czechoslovakia |
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| Nationality | Czech |
| Education | University of Economics, Prague |
| Occupation | businessman |
| Net worth | US$9.3 billion[1] |
| Known for | wealthiest man in the Czech Republic |
| Spouse | Renáta Kellnerová |
| Children | 4 |
Petr Kellner (born 20 May 1964) is a Czech businessman. He is currently estimated to have a net worth of US$9.3 billion[1] according to Forbes' latest annual list of billionaires, making him the wealthiest man in the Czech Republic.
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[edit] Career
Petr Kellner graduated from the University of Economics, Prague Faculty of Industrial Economics, in 1986. [2]After the Velvet revolution he worked for the Czech company Impromat, an importer and seller of Ricoh photocopiers . While working for that company, he met Milan Maděryč and Milan Winkler.[3]
[edit] PPF
In 1991, after the announcement of Czechoslovak voucher privatization he founded, with Maděryč and Winkler, the investment fund PPF (První privatizační fond). In 1992, PPF investiční společnost a.s. was established and the funds’ names were changed from privatisation to investment. The funds were very successful and purchased stock of more than 200 corporations with value over 5 billion CZK.[3]
[edit] Česká pojišťovna
In 1995 and 1996, PPF bought a 20% stake in the largest Czech insurance company, Česká pojišťovna and started to manage it. Later PPF acquired more shares and became the dominant (93%) owner in 2001, when PPF bought large stakes of shares from Komerční banka and the Czech state.[4] With help of these profitable transactions, the last investors from voucher privatization were bought out and Petr Kellner became the dominant owner of PPF group.[3]
[edit] Assicurazioni Generali
In 2007, PPF group signed a contract with Assicurazioni Generali to create a joint-venture between PPF Group’s insurance and Assicurazioni Generali's corporations in the Czech Republic, the Slovak Republic, Poland, Hungary, Romania, Bulgaria, Ukraine, Russia, Serbia, Slovenia, Croatia and Kazakhstan. PPF Group will own 49% of that company, Generali will pay PPF Group €1.1 billion and Petr Kellner became as a member of the Board of Directors of Generali.[5]
[edit] Wealth
As of 2007, Kellner owns 94.36% of PPF group[6]. In 2006, Forbes estimated PPF's net worth at US$3 billion and listed Kellner as 224th wealthiest man in the world. In 2007, he moved up to 119th with US$6 billion and then in 2008 to 91st with US$9.3 billion. He owns a Gulfstream G500 airplane named Káně. His residence in Vrané nad Vltavou has received muliple awards by Czech Architects, and he has one of the largest collection of photographs of Josef Sudek.[3]
