Petr Kellner

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For the British journalist & political commentator, see Peter Kellner.
Petr Kellner
Born (1964-05-20) 20 May 1964 (age 50)
Česká Lípa,[1] Czechoslovakia
Nationality Czech
Education University of Economics, Prague
Occupation businessman
Known for wealthiest man in the Czech Republic
Net worth US$ 10.4 billion[2]
Spouse(s) Iva Kellnerová (divorced)
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$10.4. billion according to Forbes' latest annual list of billionaires, making him the wealthiest person in the Czech Republic and the 106th richest person in the world as of 2012.[3]

Career[edit]

Petr Kellner graduated from the University of Economics, Prague Faculty of Industrial Economics, in 1986.[4] 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 Vinkler.[5]

Investment fund PPF[edit]

In 1991, after the announcement of Czechoslovak voucher privatization, he founded with Milan Vinkler and state-owned glassworks Sklo Union the investment fund PPF (První privatizační fond).[6] 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.[5]

Česká pojišťovna[edit]

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.[7] 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.[5]

Assicurazioni Generali[edit]

In 2007, PPF group signed a contract with Assicurazioni Generali to create a joint venture between PPF Group’s insurance branch and Assicurazioni Generali's corporations in the Czech Republic, Slovakia, Poland, Hungary, Romania, Bulgaria, Ukraine, Russia, Serbia, Slovenia, Croatia, Belarus, and Kazakhstan. According to sources PPF Group owned 49% of that company from the start, and Generali paid 1.1 billion to the PPF Group for its stake. Petr Kellner became member of the Board of Directors of Generali.[8] Kellner himself owns 2.02% stake in Assicurazioni Generali.[9]

Wealth[edit]

As of 2009, Kellner owned 94.36% of the PPF financial group.[10] 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. In 2009 he was 76th with US$6 billion[11] and in 2010 89th with US$7.6 billion.[2][12][13] Kellner's newest position on the Forbes list is 106th with an estimated wealth of US$10.4 billion (2012).

However, the above figures were criticized as overestimated by some Czech economic media. Their estimates were considerably lower, CZK 60–75 billion (approx. US$4 billion) according to the weekly Týden,[12] or even less than CZK 50 billion (app. US$3 billion) according to journalist Miroslav Motejlek.[14] Thus, Kellner would have been surpassed by entrepreneur Andrej Babiš on the position of the wealthiest resident of the Czech Republic.

Formerly, he owned a Gulfstream G500 airplane named Káně.[citation needed] In 2010 he bought a Boeing 737-700BBJ as his business airplane.[15] He lives in an extensive residence in the village of Podkozí near Prague, but he owns a number of other real estates—for example apartments in Prague, London, Moscow, a log cabin in the Alps, a house in Barbados, and an entire island resort in the British Virgin Islands. He also owns one of the largest collections of photographs taken by Josef Sudek.[5]

See also[edit]

References[edit]

  1. ^ http://www.generali.com/generalicom/media/show?210232
  2. ^ a b Net worth: from Petr Kellner - Forbes, March 2013.
  3. ^ Forbes http://www.forbes.com/profile/petr-kellner/ |url= missing title (help). 
  4. ^ "PPF Group – Key Group Personnel". Ppf.cz. Retrieved 14 April 2011. 
  5. ^ a b c d "iDNES.cz – Kellner – miliardář s nenávistí k počítači". Ekonomika.idnes.cz. Retrieved 14 April 2011. 
  6. ^ Commercial register at justice.cz, identification number (IČ) 43222277
  7. ^ "PPF Group – History". Ppf.cz. Retrieved 14 April 2011. 
  8. ^ "PPF Group – Press Releases". Ppf.cz. Retrieved 14 April 2011. 
  9. ^ "Generali Group: Shareholder structure". Generali.com. Retrieved 14 April 2011. 
  10. ^ Hlavní podnikatelské činnosti skupiny PPF[dead link]
  11. ^ "The World's Billionaires – #76 Petr Kellner". Forbes. 13 February 2009. Retrieved 14 April 2011. 
  12. ^ a b "E15: Nejbohatším Čechem zůstává Petr Kellner". E15.cz. 13 October 2010. Retrieved 14 April 2011. 
  13. ^ "Americký Forbes minimálně trojnásobně nadhodnotil majetek Petra Kellnera". Motejlek.com. Retrieved 14 April 2011. 
  14. ^ "Babiš odstavil Kellnera. Je najbohatší u nás aj v Česku". Hnonline.sk. Retrieved 14 April 2011. 
  15. ^ "Kellner si pořídil kapitální Boeing 737-700BBJ". motejlek.com. 22 September 2010. Retrieved 14 April 2011.