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

Kellner’s PPF to Buy Telefonica Czech Stake for $3.4 Billion

Billionaire Petr Kellner’s PPF Group NV agreed to buy a controlling stake in Telefonica Czech Republic AS for about $3.4 billion, returning the country’s biggest phone company to local ownership after eight years. Kellner’s investment company will ...
Posted: November 5, 2013, 4:08 am

Kellner increases stake in O2 Czech Republic

The richest Czech, Petr Kellner increased his stake in O2 Czech Republic and O2 Slovakia to more than 83 percent, reports the portal His group PPF bought more than 5 percent of shares in O2 Czech Republic from UniCredit. In November 2013 ...
Posted: November 3, 2014, 1:56 am

Kellner again tops Forbes Czech rich list

Petr Kellner remains the wealthiest Czech, according to an annual rich list published on Wednesday by Forbes. The owner of the PPF group has assets totalling CZK 255 billion, the magazine says. Second on the list is Andrej Babiš, the finance minister and ...
Posted: October 5, 2016, 2:26 am
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