Petr Kellner Net Worth is$6 Billion
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Profession: Businessperson, Financier, Entrepreneur

Date of Birth: May 20, 1964

Country: Czech Republic

Petr Kellner was born in Czechoslovakia and has an estimated net worth of $6 billion dollars. Petr Kellner is a businessman who first worked for Impromat, a copier reseller and importer in Czechoslovakia, but post-privatization, co-founded an investment fund called PPF. He is the richest man in the Czech Republic, though there is some controversy regarding how much wealth he has actually amassed.
Petr Kellner (born 20 May 1964) is a Czech businessman. He is currently[update] estimated to have a net worth of US$ 9.2 billion according to Forbes' latest annual list of billionaires, making him the wealthiest man in the Czech Republic.

Petr Kellner graduated from the University of Economics, Prague Faculty of Industrial Economics, in 1986. After the Velvet revolution he worked for the Czech company Impromat, an importer and seller of Ricoh photocopiers. While working for that company, he met Milan Maderyc and Milan Vinkler.
In 1991, after the announcement of Czechoslovak voucher privatization he founded, with Milan Vinkler and state-owned glassworks Sklo Union, the investment fund PPF (Prvn'i privatizacn'i fond). In 1992, PPF investicn'i spolecnost a.s. was established and the funds' names were changed from privatisation to investment. The funds were very successful and purchased stock of more than 200 corporations with value over 5 billion CZK.
In 1995 and 1996, PPF bought a 20% stake in the largest Czech insurance company, Cesk'a pojistovna and started to manage it. Later PPF acquired more shares and became the dominant (93%) owner in 2001, when PPF bought large stakes of shares from Komercn'i banka and the Czech state. With help of these profitable transactions, the last investors from voucher privatization were bought out and Petr Kellner became the dominant owner of PPF group.
In 2007, PPF group signed a contract with Assicurazioni Generali to create a joint-venture between PPF Group's insurance and Assicurazioni Generali's corporations in the Czech Republic, the Slovakia, Poland, Hungary, Romania, Bulgaria, Ukraine, Russia, Serbia, Slovenia, Croatia, Belarus and Kazakhstan. PPF Group will own 49% of that company, Generali will pay PPF Group EUR1.1 billion and Petr Kellner became as a member of the Board of Directors of Generali. Kellner himself owns 2,02 % stake in Assicurazioni Generali.
As of 2009, Kellner owned 94.36% of the PPF financ

Petr Kellner Latest News

Open Fiber Head Says Well-Placed to Buy Telecom Italia's Network

The fixed-line networks business was spun off to become part of the PFF private equity group controlled by the Czech republic's wealthiest man, billionaire Petr Kellner, leaving the phone operations with O2 Czech Republic. (Reporting by Valentina Za and ...
Posted: August 7, 2017, 5:29 am

Czech investment group PPF triples profit in 2016

PRAGUE, June 5 (Reuters) - Czech investment group PPF, owned by the country's richest man Petr Kellner, said on Monday its net profit tripled to 1.1 billion euros ($1.24 billion) in 2016, boosted by consumer lender Home Credit's expansion in Asia.
Posted: June 5, 2017, 7:00 am

Czech Billionaire Petr Kellner on Philanthropy

Petr Kellner: There was no particular catalyst to my decision. The motivation came as my life experience grew. Both my wife and I are fully involved in our philanthropic projects; I manage some of them, and some of them are led by my wife – and so it ...
Posted: September 19, 2012, 10:03 am

Respekt: Panama Papers reveal PPF owner Kellner's anonymous firm

Prague, May 10 (CTK) - The Panama Papers have revealed that the PPF financial group of Petr Kellner, now the richest Czech, founded Cadogan Telecommunications, an anonymous firm that took a controversial loan from the collapsing IPB bank in 1999 ...
Posted: May 10, 2016, 11:41 pm

Czech tycoons reportedly eyeing Nova purchase

Coal tycoon Pavel Tykáč is teaming up with the country’s richest man, Petr Kellner, in a bid to buy Nova’s owner CME, Mladá fronta Dnes reported on Tuesday. A number of Czech financiers – including minister of finance and food magnate Andrej ...
Posted: April 29, 2014, 5:04 am
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