How much is Petr Kellner’s net worth?
| net worth: | $19 billion |
|---|---|
| age: | 59 |
| Birth: | May 20, 1964 |
| gender: | Male |
| Height: | 1.73 m (5 ft 8 in) |
| country of origin: | Check |
| Sources of funds: | entrepreneur |
| Last Updated: | January 17, 2024 |
Introduction
Petr Kellner is a Czech billionaire businessman. Kellner is best known as the founder of PPF.
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As of 2013, Kellner owned 98.94% of the PPF Financial Group.
In 2006, Forbes estimated the PPF’s net worth at US$3 billion and listed Kellner as the 224th-richest person globally.
Petr Kellner’s net worth is estimated to be around $19 billion.
early life
Petr Kellner was born on May 20, 1964 in Ceska Lipa, Czechia.
Kellner graduated from the University of Economics, Prague Faculty of Industrial Economics in 1986.
Livelihood
Before becoming even richer than Richard Branson, Petr Kellner graduated from the Faculty of Industrial Economics at the University of Prague in 1986.
After graduation, Kellner worked as a production assistant at Barrandov Studios, a film studio in the Czech Republic.
While working there, he also got a chance to do a cameo in the 1989 film ‘Dabangg’. servants timeHowever, acting was not his passion.
After the Velvet Revolution, Kellner learned how to develop a wealthy mindset and began working impromptu as an importer and salesman of Ricoh photocopiers.
Make smart investments
Petr Kellner founded the investment fund First Privatisation Fund (PPF) in 1991, following the Czechoslovak voucher privatisation and long before the best investment apps.
The following year, Kellner, together with his partner Milan Winkler, changed the fund’s name from Privatisation to Investment and purchased shares in over 200 corporations.
In 1995, PPF purchased a 20% stake in Ceská pojištovna, the Czech Republic’s largest insurance company, and took over its new management.
Like many of the world’s richest people, Kellner focused on growing his investments to build safe assets.
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Kellner purchased a 31.5% stake in Ceska Pozistovna from IPB using PPF in 2000 for approximately $27.27 million.
However, this transaction eventually led to IPB paying a penalty of $40.93 million to PPF, which was a huge boon for Kelner.
Later, PPF bought more shares from Komercno banka and the Czech state, and in 2001 became the majority owner of Ceska pojištovna, holding 93% of the company.
Growing influence of Kellner
In 2007, Petr Kellner’s company PPF signed a contract with Assicurazioni Generali, creating a joint venture between the two.
This gave the PPF access to Assicurazioni Generali’s corporations in the Czech Republic, Slovakia, Poland, Hungary, Romania, Ukraine, Serbia, etc.
According to a press release at the time, PPF owned a 49% stake in the company, and Generali paid them $1.29 billion for their stake.
From 2007 to 2013, Petr Kellner served on Generali’s board of directors and later purchased a 2.02% stake in the company himself.
In 2013, PPF sold its shares in Generali PPF Holding to Generali for approximately $3.32 billion, making them its sole owner in 2015.
Although Kellner was not as rich as Warren Buffett at this time, he still became the 224th richest person in the world.
A Lasting Legacy
Simultaneously with joining the board of directors of Generali in 2007, Kelner’s addition to the board of directors of Central European Media Enterprises was announced.
Although it was not very significant at the time, by 2019, the PPF Group had acquired CME in its entirety and taken it under its management.
A few years later, in 2013, Kellner purchased the Hotel Praha in the Dejvice area of Prague, a luxury hotel built under the communist regime.
The following year, he demolished the Hotel Praha, aiming to build the Open Gate private school on the land.
However, in 2005 an Open Gate location was created outside Prague, and this was merged with the Kellner Family Foundation in 2011.
Although he was on his way to becoming as rich as Jack Ma, Petr Kellner unfortunately died in a tragic helicopter crash in 2021.
While heliskiing, the helicopter they were in crashed into a mountain, and although they survived the accident, they died while awaiting rescue.
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His family is now suing for the accident in which Petr died when he was only 56 years old and at the pinnacle of his successful career.
petr kellner net worth
Petr Kellner’s net worth is estimated to be around $19 billion.
How does Petr Kellner spend his money?
Petr Kellner spends some of his money on football, his home in Prague and charity work.
Petr Kellner’s purchases
Kelner is a huge football fan. He seems to own an executive box there and enjoys the game very much. He once considered becoming more active as the owner of a London Premier League club.
Petr Kellner’s house
Kellner has a beautiful house in Prague.
Petr Kellner’s charity work
In 2009, Kellner and his wife established the Kellner Family Foundation.
Over the years he has donated a lot of money to different charities. He has helped build a school and provided opportunities to poor, disabled and exceptionally talented children.
They focus heavily on education-related activities to promote schooling in their country. The foundation has also made significant donations to cultural and health-based causes and some individual funds.
Highlights
Here are some of the best highlights of Petr Kellner’s career:
- Founder of PPF
- Assicurazioni Generali (2007)
- Kelner owned 98.94% of PPF Financial Group (2013)
Frequently Asked Questions
How much is Petr Kellner’s net worth?
Petr Kellner’s net worth is estimated at $19 billion.
How old is Petr Kellner?
Petr Kellner was born on 20 May 1964 and currently, he is 60 years old.
How tall is Petr Kellner?
Petr Kellner has a height of 1.73 m, which is equivalent to 5 feet 8 inches.
Summary
Petr Kellner is a Czech businessman who started out working for Impromat, which imported and sold Ricoh photocopiers.
Kelner co-founded the investment fund PPF.
The fund purchased stock in over 200 corporations and was valued at over 5 billion CZK.
Petr Kellner’s net worth is estimated to be around $19 billion.
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Source: https://th-xuyenmoc.edu.vn
Category: Net worth