Michał Sołowow

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Sołowow driving a Peugeot 207 S2000

Michał Sołowow (born July 11, 1962 in Kielce) is a Polish businessman and rally driver.[1] He was the European vice-champion (2008), the vice-champion of Poland (2006), the European vice-champion (2006), and two-time vice-champion of Poland (2004, 2005).

His wealth is estimated at the over 6 bn złoty (in 2006 - 3.6 bn); he is one of the biggest Polish stock exchange investors. He is an important shareholder of the following companies: Synthos (chemical industry), Cersanit (sanitary ceramics and tiles), Echo Investment (development activity), and Barlinek (producer of floorboards).

In 2007, Forbes estimated his net worth at 2.3 billion US dollars.[1]

Business Empire[edit]

Michał Sołowow bought shares in chemical company Dwory and funded its expansion with debt, taking advantage of low interest rates at the time. He then diversified into ceramic tiles, wood floors and real estate. He gave up any management roles but is still an active investor on Warsaw Stock Exchange and lives in Maslow, a village on the borders of Kielce, Swietokrzyskie voivodship.

He is an important shareholder of the following companies:

- Synthos S.A. (chemical industry). One of the largest Polish chemical companies. It manufactures synthetic rubber and latex, styrene materials and vinyl dispersions.

- Cersanit S.A. - (sanitary ceramics and tiles). One of the largest and most dynamically growing companies in Poland and a nationwide leader in complex bathroom equipment, intensely expanding its range of export operations (the share of exports in total revenues from sales earned by the company exceeds 40%).

- Echo Investment (property development activity). The company conducts building projects for flats, offices, shopping centres, hotels, entertainment and also property management.

- Barlinek S.A. (producer of floorboards). One of the largest manufacturers of natural wooden flooring systems in the world, and the most recognizable brand of natural floors in Poland. Barlinek floorboards are exported to more than 30 countries on 3 continents. The company holds about a 65% share of the market in Polish flooring.

- Ultra Pack S.A. – Polish leader in production of corrugated board packagings.

- North Fish Polska Sp. z o.o. – a chain of restaurants offering fish and seafood.

He pulled out of launching a newspaper because of intense competition. He also merged Cersanit with Opoczno, the second-largest company in the ceramics sector. His companies invest in and acquire companies in several countries of the CEE region, including Russia, the Czech Republic, Hungary, Lithuania, Ukraine and Romania.

Michał Sołowow’s funds, which invest in the futures market, currency market, and materials markets, manage the capital from stock exchange transactions. The funds are:

Magellan Pro-Equity Fund I S.A.;

Columbus Pro-Equity Fund II Sp. z o.o.;

Amundsen Pro-Equity Fund III Sp. z o.o.;

Barco Pro-Equity Fund Sp. z o.o.

WRC results[edit]

Year Entrant Car 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 WDC Points
2003 Cersanit Rally Team Mitsubishi Lancer Evo VII MON SWE
43
TUR NZL ARG GRE CYP GER
33
FIN AUS ITA FRA ESP GBR NC 0
2004 Cersanit Rally Team Mitsubishi Lancer Evo VII MON SWE
30
MEX NZL CYP GRE TUR ARG FIN GER JPN GBR ITA FRA ESP AUS NC 0
2005 Cersanit Rally Team Mitsubishi Lancer Evo VII MON SWE
Ret
MEX NZL ITA CYP TUR GRE ARG FIN GER GBR JPN FRA ESP AUS NC 0
2006 Cersanit Rally Team Subaru Impreza WRC 05 MON SWE
33
MEX ESP FRA ARG ITA GRE GER FIN JPN CYP TUR AUS NZL NC 0
Mitsubishi Lancer Evo IX GBR
40
2007 Cersanit Rally Team Mitsubishi Lancer Evo IX MON SWE
21
NOR MEX POR ARG ITA GRE FIN GER NZL ESP FRA JPN IRE NC 0
Errani Team Group Fiat Abarth Grande Punto S2000 GBR
Ret
2010 Michał Sołowow Peugeot 207 S2000 SWE
22
MEX JOR TUR NZL POR BUL FIN GER JPN FRA ESP GBR NC 0
2012 M-Sport Ford World Rally Team Ford Fiesta RS WRC MON SWE
20
MEX POR ARG GRE NZL FIN GER GBR FRA ITA ESP NC 0
2013 Michał Sołowow Peugeot 207 S2000 MON SWE
12
MEX POR ARG GRE ITA FIN GER AUS FRA ESP GBR NC* 0*

* Season in progress.

PWRC results[edit]

Year Entrant Car 1 2 3 4 5 6 7 8 PWRC Points
2007 Errani Team Group Fiat Abarth Grande Punto S2000 SWE MEX ARG GRE NZL JPN IRE GBR
Ret
NC 0

References[edit]

  1. ^ a b "The World's Billionaires: #407 Michal Solowow", Forbes, 8 March 2007, retrieved 2011-07-31

External links[edit]

Media related to Michał Sołowow at Wikimedia Commons