Michal Solowow Net Worth is$2 Billion
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Michal Solowow net worth: Michal Solowow is a Polish businessman and rally driver who has a net worth of $2 billion. Michal Solowow made his first million trading currency and then was wise enough to buy shares in chemical company Dwory and fund its expansion with debt, taking advantage of low interest rates at the time. In the late 1980s he founded construction company Mitex, which he sold in 2002 to French investor Eiffage. Next, he diversified his interests into ceramic tiles, wood floors and real estate. Even though he gave up any management roles, he has still remained an active investor on Warsaw Stock Exchange and one of the biggest Polish stock exchange investors. He is currently holding major shares in numerous Polish public companies including chemicals firm Synthos, ceramics maker Rovese, real estate developer Echo Investment and flooring outfit Barlinek. Apart from being maybe the fastest growing billionaire in Poland, Solowow is an avid race-car driver who regularly takes the scene at the European Rally Championships. As for his private life, he is married and lives in Maslow.
MichaA? SoA?owow (born July 11, 1962 in Kielce) is a Polish businessman and rally driver. The European vice-champion (2008), vice-champion of Poland (2006), the European vice-champion (2006), two-time Vice-champion of Poland (2004, 2005).
His wealth is estimated at the over 6 bn zA?oty (in 2006 - 3.6 bn); one of the biggest Polish stock exchange investor. He is an important shareholder of the following companies: Synthos (chemical industry), Cersanit (sanitary ceramics and tiles), Echo Investment (development activity), Barlinek (producer of floorboard).
In 2007, Forbes estimated his net worth at 2.3 billion US dollars.
MichaA? SoA?owow bought shares in chemical company Dwory and funded its expansion with debt, taking advantage of low interest rates at the time. He then diversified into ceramic tiles, wood floors and real estate. He gave up any management roles but is still an active investor on Warsaw Stock Exchange and he remains one of the biggest Polish stock exchange investors. He is married and lives in Maslow, a village on the borders of Kielce, Swietokrzyskie voivodship.
He is an important shareholder of the following companies:
- Synthos S.A. (chemical industry). One of the largest Polish chemical company. It manufactures synthetic rubber and latex, styrene materials and vinyl dispersions.
- Cersanit S.A. - (sanitary ceramics and tiles). One of the largest and most dynamically growing companies in Poland and a nationwide leader in complex bathroom equipment, intensely expanding its range of export operations (the share of export in total revenues from sales earned by the company exceeds 40%).
- Echo Investment (property development activity). The company conducts building projects for flats, offices, shopping centres, hotels, entertainment and also property management.
- Barlinek S.A. (producer of floorboards). One of the largest manufactuer of natural wooden flooring systems in the world, and the most recognizable brand of natural f

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Michal Solowow Latest News

Deals of the day- Mergers and acquisitions

(Adds Vodafone, Facebook, Ingenico, UGI, Lamda, Ambev, Nexter, CITIC; updates Telefonica, Kroger, Orange, Total, Netia, Vopak) July 2 (Reuters) - The following bids, mergers, acquisitions ... The fourth richest Pole Michal Solowow wants to sell his entire ...
Posted: July 2, 2014, 12:58 pm

Cersanit to open new Ukraine plant as zloty stings

Cersanit, controlled by one of Poland’s richest businessman Michal Solowow, sells one-fifth of its production in dollars and its results have suffered after the dollar sunk. The company has scrambled to protect its bottom line by moving production abroad ...
Posted: July 10, 2008, 8:12 am

Photographer in hospital after Rally Sweden crash

Rally racing is a dangerous sport for drivers and photographers. Credit: Reuters The accident happened on Thursday morning near the town of Raada when Polish driver Michal Solowow lost control of his car in a bend and flew off the road, striking the ...
Posted: February 12, 2015, 2:09 am
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