June 20th, 2008

Richest Hungarian continues to get richer

forint.jpg Business daily Napi Gazdaság has published this year’s “100 Richest Hungarians” list, writes Index.hu. Only those with personal fortunes exceeding Ft 5 billion (roughly €20.8 millon) are eligible.

There has been no change at the top of the since last year. Sándor Demján still is the richest Hungarian, followed by Sándor Csányi and Gábor Várszegi. For the first time this year, the daily created three additional lists, the “50 Most Dynamic Young People,” the “25 Most Successful Women” and the “25 Richest Foreign Business People.” Wealthy Hungarians are predominantly involved in financial investment, trade, IT and property.

Demján’s wealth has grown Ft 40 billion to Ft 300 billion (€1.25 billion) since last year, which is in part a result of TriGránit Zrt’s construction projects in Eastern Europe and Russia. Second-placed Csányi with Ft 160 billion was negatively affected by the falling price of OTP stocks.

Of the top five, there is one more person whose companies have brought considerable profit, Tamás Leisztinger of Forrás Zrt, whose wealth rose to Ft 81 billion, making him the fourth richest man after Gábor Várszegi, head of retail-turned-property holding Fotex Zrt.

Gábor Kovács of Kogart Gallery vaulted into the top ten unexpectedly after selling his assets in Sasad, formerly a cooperative.

The combined net worth of the three founders of finance group Brokernet Zrt – Péter Kostevc, Pál Kutvölgyi, Erika Kósa – has grown to Ft 60 billion. Experts estimate the company’s worth to be between Ft 80 billion and Ft 100 billion. József Palásti’s Kecskemét-based pastry franchise Fornetti Kft has also closed a successful year and is now the second largest franchise in Europe.

Another outstanding businessman on the list is Ferenc Darvas whose inventions, lab equipment using nanotechnology, are successfully conquering the world.


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