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Crisis not crisis, Babis got rich by billions in a year

“Although the wide range of his business interests this year has caused considerable fluctuations both between the individual areas where his property comes from and within them, as a result, Andrej Babiš is still better off. At the beginning of the year, the media and agriculture suffered as a result of the pandemic, but due to seasonality, this eventually reaches better numbers than last year, “Forbes analyzes.

Babiš is thus the fourth richest Czech with an estimated 74 billion crowns in assets. On the other hand, Petr Kellner, a long-time premiumant in terms of accumulated assets, lost significantly last year. He lost 57 billion. Its assets are now estimated at 293 billion crowns. Nevertheless, he is still the richest Czech.

Petr Kellner (left) and Andrej Babiš

Photo: Law

“This is due to the black first half of the financial group Home Credit, which lost 690 million euros. The losses were not offset by the successful telecommunications and media division, which recently added Nova TV, among others, ”says Forbes.

The second richest Czech last year was Radovan Vítek, the main owner of CPI Property Group, with assets estimated at 86 billion crowns. He also got rich last year when he increased his fortune by 11 billion, says Forbes. In third place, with assets of 78 billion crowns, is the entrepreneur Daniel Křetínský, who also improved by 12 billion.

Ranking of the 10 richest Czechs according to Forbes magazine (in CZK)
1. Petr Kellner 293 billion -57 billion
2. Radovan Vítek 86 billion +11 billion
3. Daniel Křetínský 78 billion +12 billion
4. Andrej Babiš 74 billion +4 billion
5. Karel Komárek 71 billion
6. Pavel Baudiš 51 billion +13 billion
7. Pavel Tykač 32 billion
8. Eduard Kučera 29 billion +6.5 billion
9. Marek Dospiva 25.3 billion +2.3 billion
10. Dušan Kunovský 20.7 billion +3.6 billion

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