Ioan Niculae’s profile picture

Ioan Niculae

Ioan Niculae’s profile picture
Net worth 2018: $1.15 Billion
Country: Romania
BirthDay: 19 July 1954
Sigh: Leo
Children: 3
BIOGRAPHY

Ioan Niculae was bornon 19 July 1954 in Romania. Founder of Interagro, Romania's leading agricultural and fertilizer conglomerate, Ioan Niculae benefited from the conflict in Ukraine by picking up chemical contracts when Ukrainian suppliers could not deliver. But he's still facing charges brought by state prosecutors alleging two Romanian politicians gave Interago favorable discounts on gas transfers from 2006 to 2010. He got his start at a state-owned agricultural company, then branched out on his own. An avid hunter, he made headlines in 2014 when he flew to South Africa to hunt elephant, lion, wildebeest, and buffalo in order to stuff and return then to Romania. He also owns soccer team Astra Giurgiu.

NET WORTH STATISTIC
2010

$1.1 Billion

2013

$1.1 Billion

2014

$1.2 Billion

2015

$1.15 Billion

2018

$1.15 Billion

TIMELINE
2015

On 2 April 2015 he was jailed for two-and-a-half years for illegal financing the PSD electoral campaign from 2009

2013

In 2013, Niculae filed divorce from his wife, Domnita Niculae, ending a 31-year-old marriage

2012

In 2012, The Romanian National Tax Administration accused Niculae of defrauding the national budget due to accusations that his tobacco company, Galaxy Tobacco, had failed to pay its taxes, amounting to an excess of €120 million

2008

He is also the owner of 170 hectares of vineyards, reaping their first harvest in 2008

2007

He sold those stocks in 2007, making a profit of $65 million

2004

Since 2004, the total amount of agricultural investments done by his company has surpassed €100 million

1998

In 1998, he bought into the Romanian insurance company Asirom, after investing $21 million

1997

In 1997, Niculae became the majority stakeholder of the Astra Ploiesti refinery, after a $16 million investment

1996

Since 1996 Niculae has been the owner of the Astra Giurgiu football team

1995

In 1995, he founded InterAgro, a Romanian-Chinese joint venture

1990

He entered the business world after 1990, setting up, alongside a Turkish partner, a chemical trade company – Interaction

1954

Ioan Niculae, (born July 19, 1954 in Buturugeni, Romania) is a Romanian businessman and entrepreneur

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