Nerijus Numavicius’s profile picture

Nerijus Numavicius

Nerijus Numavicius’s profile picture
Net worth 2018: $1.01 Billion
Residence: Vilnius, Lithuania
Country: Lithuania
BirthDay: 12 May 1967
Sigh: Gemini
Children: 2
BIOGRAPHY

Nerijus Numavicius was bornon 12 May 1967 in Vilnius, Lithuania, Lithuania. Nerijus Numavicius is #1965 in List Billionaires People In The World. Mega-retailer Nerijus Numavicius runs Vilnius-based Vilniaus prekyba group, a holding company that controls retail and pharmacy chains in the Baltic states, Poland and Bulgaria. The group is planning to expand in Europe and has been scouting shopping centers in Ireland. Among its holdings: the Maxima supermarket chain and Euroapotheca pharmacies. Numavicius got his start in a partnership with his two brothers and six university buddies. Together they formed the precursor to the VP group. Their first investments were in real estate. The group later invested in privatized companies in post-Soviet Russia. In 2010 Numavicius consolidated his majority stake in VP group, which caused a rift with his brother Julius, who now lives in Florida. Julius is suing VP group for more than $150 million.

NET WORTH STATISTIC
2014

$1 Billion

2015

$1 Billion

2018

$1.01 Billion

TIMELINE
Nerijus Numavičius (born 12 May 1967 in Šilalė) originally from Lithuania, now lives in the UK. Nerijus Numavičius is investor, self-made billionaire and ultimate beneficial owner (UBO) of private holding company Vilniaus prekyba that controls and by means of its subsidiaries (private liability companies Maxima Group, Euroapotheca, Ermitažas, Akropolis group) operates retail and pharmacy chains, real estate development, shopping center lease and management companies in the Baltic states, Poland, Bulgaria and Ukraine. The group is operating in 18 countries and indirectly employs over 40 000 individuals. Nerijus is also a UBO of private investment group NDX group owing companies operating in food, baby food and pet food production and sales businesses, covering Sweden, Germany, Poland, Czech Republic, Belarus, Lithuania, Slovakia and other European and Asian countries.According to a study carried out by the investment bank Prudentia and stock exchange Nasdaq Riga (Riga Stock Exchange), the value of Maxima Group was totaling 1.62 billion and increased by 26% in 2017 (YOY)Forbes magazine included Nerijus Numavičius in The World's Billionaires 2015 list and his net worth was valued above EUR 1 billion . He was the first billionaire on this list in the Baltic states.In 2016, Lithuania got first university endowment fund and Nerijus Numavičius became a donor and a board member of Vilnius University Endowment in 2017. Nerijus Numavičius was born in Šilalė, a small town in Lithuania, the eldest of six children: three brothers and three sisters. Later the family moved to Šilagalys (near Panevėžys). He graduated from Panevėžio „Žemynos“ progimnazija. In 2001, Numavičius earned bachelor's degree in medical sciences from the Faculty of Medicine of Vilnius University, where he studied public health.The first capital was gained by selling real estate in Lithuania. The received money was successfully invested in various company stocks. In 1992, together with friends and his two brothers, he established Urdzia, a small retail firm in Vilnius. Later, in 1994 Vilniaus prekyba was established by 9 partners, merging 7 various and different size retail stores. The new era of mega-retail business in Lithuania has begun.The extensive growth of the retail chain was funded by sale of various stocks that the group acquired during post-Soviet privatization campaigns. One of the transaction involved stock sale of four sugar refineries to Danisco (Danish sugar company). Other companies included Vilniaus paukštynas (poultry farm), Birštono mineraliniai vandenys (mineral water), Vilniaus mėsos kombinatas (meat packing), Vilniaus duona (bakery). Four sugar refineries stock sale to Danisco was valued at USD 30 million and it created a good opportunities for retail business development. The first new type store of 3000 m2 was opened and Maxima Group brand was born in 1998.
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