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.
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
In 2011, he became chairman and 60% shareholder of EP Industries, that was divested from EPH
When in 2009 J&T founded Energetický a průmyslový holding, he became its chairman and 20% shareholder
Since 2004 he is chairman of football club AC Sparta Prague and he is believed to be its 40% shareholder
In 1999, he joined J&T as lawyer and become there a partner in 2003