Dinu Patriciu

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Dinu Patriciu
Born Dan Costache Patriciu
Residence Romania
Education Bucharest Institute of Architecture
Occupation Businessperson
Architect (former)
Net worth 1.8 billion
Spouse(s) Married (present)
Children 2

Dan Costache "Dinu" Patriciu (Romanian pronunciation: [ˈdinu paˈtrit͡ʃju]; born 1950) is a billionaire businessman and entrepreneur with a long standing involvement in real estate. In 1998 he led an investor buyout of the previously state-owned Romanian oil company, Rompetrol. Nine years later, in 2007, he had built the company into a $8.6 billion turnover multinational midstream and downstream oil company before selling to Kazakhstan's state-owned energy operator, KazMunaiGaz. He owns Adevarul Holding media trust, which publishes Forbes Romania under license from Forbes Media LLC.[1] He is also a prominent member of the National Liberal Party of Romania and a member of the International Advisory Board of the Atlantic Council, a US-headquartered think tank. According to Forbes, as of 2008, Patriciu is the richest man in Romania, and the 397th richest person in the world by 2009, with a fortune of $2.5 billion.[2]


Dinu Patriciu holds a degree from the Bucharest Institute of Architecture. He has received a number of architectural design awards in Romania and abroad.[citation needed] He has an extensive background in the real estate industry, having completed more than forty housing and commercial projects in Romania and more than 25 luxury residential complexes, offices and hotels in the United Arab Emirates. He is married and has two daughters: Ana and Maria.

Business career[edit]

Since the sale of Rompetrol, Patriciu has made investments in a number of business sectors including real estate through DinuPatriciuGlobalProperties,[3] alternative energy, supermarkets, and media. Patriciu is also the founder and chairman of the Dinu Patriciu Foundation, a non-governmental organisation which aims at offering financial support to talented young people who are not in the position to further sustain their studies.

Patriciu is also an active investor in alternative energy projects, and media & communications through Adevarul Holding (whose publications include Adevarul, Adevarul de Seara, Forbes, Click, Adevarul TV). In addition to these he has interests in Romanian retail real estate projects occupied by retail chains as Macro (former MiniMax) and Mic.ro In September 2009, Patriciu together with Lado Gurgenidze (Georgia’s ex prime minister), acquired Liberty Bank through Liberty Capital LLC, an investment company focused on the financial services institutions in emerging markets.

Previously, Patriciu was Chairman and CEO of The Rompetrol Group, NV (TRG), a multinational petroleum company headquartered in the Netherlands, operating in 13 countries, and with the majority of its assets and income located in Romania, France and South Eastern Europe. Patriciu led an investor buyout of Rompetrol SA in 1998, served on the Supervisory Board of the company since its establishment, and took over as the full-time CEO in 2001. Formerly, Patriciu acted as Chairman of the Investment Committee of the Romania and Moldova Direct Fund, LP, an American-managed private equity investment fund established in 1998 whose investors include the International Finance Corporation and the German Government-owned DEG.[4] Patriciu led Rompetrol from a state-owned Romanian oil services company into one of the top 25 oil operators in the European Union, principally through a program of strategic acquisitions and organic growth. This program started with the purchase of the Vega refinery (1999), continued with Petros SA (2000) and the purchase of a majority stake in Petromidia SA (2001), owner of the most modern refinery and petrochemical complex in Romania. Subsequently, TRG embarked on an international expansion program in the Balkan region, in Moldova, Georgia and Ukraine, as well as acquiring Dyneff Group SA of France,[5] the largest independent distributor of oil products in France, at the end of 2005. This latest acquisition, along with the development of its Swiss-based trading arm, Vector Energy, transformed TRG into a bridge between Eastern European natural resources and Western European energy demand.

In August 2007, Patriciu sold 75% of Rompetrol to Kazakhstan’s KazMunayGas (KMG). By June 2009, Patriciu also sold his remaining 25% equity stake to KMG while remaining a Member of the Board of The Rompetrol Group.[6]

Political career[edit]

Between 1990 and 1996, and again from 2000 to 2003, Patriciu has served as a Member of the Romanian Parliament, being a leader of the National Liberal Party’s parliamentary group. He is a founding member of the National Liberal Party in Romania and initiator of the Free Initiative Foundation, the first Romanian NGO to support free initiative and reunite the business and political communities in an attempt to support civic development. A prominent liberal figure, Patriciu withdrew in 2003 from the Parliament and from active political life to concentrate on his business ventures. He was one of only three Romanian MPs to do so when new legislation made it incompatible for elected officials to also control significant business holdings. He remains attuned to the political life of Romania and is a keen supporter of pro-business and liberal development policies in the country. Patriciu also serves as the Chairman of the Alliance of Romanian Employers’ Confederations, the Romanian member of UNICE, the Confederation of European Business. In addition to TRG, he is a shareholder in several entities including a building & real estate company and a media holding.

Recent Events[edit]

Patriciu served as a co-chair for the 2011 Atlantic Council Annual Awards Dinner which included notable speakers such as Joe Biden, Muhtar Kent, Plácido Domingo, Charlie Rose, Colin Powell, and James G. Stavridis among others.[7]

In May 2011, his real-estate company Dinu Patriciu Global Services appointed Ioana Momiceanu as Head of Asset Management for the Romanian DPGP Portfolio [8] and sold offices in Sweden to Hemfosa Fastigheter in a deal estimated around 100 million euros.[9][10] The company is said to currently control 117 real estate assets across five European Union member countries: Germany, Romania, Poland, the Netherlands and Belgium.[11]

In this same month, Patriciu's retail company Mercadia Group has invested a half million EUR in re-branding the MiniMax discount store chain as Macro in Romania.[12]

In February 2012 MiniMax discount store chain went into bankruptcy.


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