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

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Posted: July 2, 2014, 1:07 pm

Poland - Factors to Watch Dec 20

SYNTHOS Michal Solowow, Polish businessman and biggest shareholder in Polish chemical producer Synthos, has increased its stake in the company to 90 percent as a result of the tender offer he announced in October, Puls Biznesu daily said quoting unnamed ...
Posted: December 20, 2017, 6:20 am

Polish billionaire buys further 41 pct of Rovese, plans delisting

WARSAW, Jan 14 (Reuters) - Polish billionaire Michal Solowow has completed the purchase of 40.6 percent of Poland’s largest bathroom tile maker Rovese, the broker handling the deal said on Wednesday, a move which brings him closer to delisting the company.
Posted: January 13, 2015, 4:00 pm
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