Daniel Kretinsky’s profile picture

Daniel Kretinsky

Daniel Kretinsky’s profile picture
Net worth 2018: $2.64 Billion
Industry: Energy
Residence: Prague, Czech Republic
Children: 1
BIOGRAPHY

Daniel Kretinsky was born in Prague, Czech Republic, Czech Republic. Daniel Kretinsky is #901 in List Billionaires People In The World. Daniel Kretinsky joins the billionaire ranks after selling 31% of energy firm EPH for $1.6 billion to a consortium of investors led by Australia-based asset manager Macquarie Infrastructure and Real Assets in 2016.Two decades ago, Kretinsky started working as a lawyer for Slovak investment company J&T; now he runs and co-owns the biggest energy group in Central Europe. EPH (Energetický a průmyslový Holding) owns more than 50 companies in the Czech Republic, Slovakia, Germany, Italy, the U.K., Poland and Hungary, operating in electricity distribution and supply, gas storage and transmission, with some 25 000 employees. His strategy has been to find big players in the energy market that are struggling, buy their old coal-powered plants and mines, and bet on increasing electricity prices. Kretinsky owns 37% of EPH; he built up his equity stake over time by choosing to be compensated in shares instead of cash as the company has grown.

NET WORTH STATISTIC
2017

$2 Billion

2018

$2.64 Billion

TIMELINE
2014

From 2014 he is one of the owners of Czech media house Czech News Center, among others publisher of tabloid Blesk, that is the most read newspaper in the Czech Republic

2011

In 2011, he became chairman and 60% shareholder of EP Industries, that was divested from EPH

2009

When in 2009 J&T founded Energetický a průmyslový holding, he became its chairman and 20% shareholder

2004

Since 2004 he is chairman of football club AC Sparta Prague and he is believed to be its 40% shareholder

1999

In 1999, he joined J&T as lawyer and become there a partner in 2003

(4.7/178 votes)
Related Person
Terrence Pegula’s profile picture
Terrence Pegula
Net Worth is $4.35 Billion
Wang Yusuo’s profile picture
Wang Yusuo
Net Worth is $4.1 Billion
Kelcy Warren’s profile picture
Kelcy Warren
Net Worth is $3.91 Billion
Jeffery Hildebrand’s profile picture
Jeffery Hildebrand
Net Worth is $3.7 Billion
Arthur Irving’s profile picture
Arthur Irving
Net Worth is $3.58 Billion
Sid Bass’s profile picture
Sid Bass
Net Worth is $3.31 Billion