In this success post, we are going to share the story of Petr Kellner, the richest man in the Czech Republic. He started working as an office supplies distributor and went on to build an empire of business for himself.
Petr Kellner is a known name in the insurance industry of the Czech Republic. Kellner is particular about maintaining his privacy and keeps an extremely low profile. With a net worth of $8.3 billion, he had emerged as one of the most successful entrepreneurs of the country.
Petr Kellner Business Activities
Petr Kellner started his career by selling office supplies in the year 1990 and then started a business by founding investment fund PPF in 1991. This helped him go through the five waves of coupon privatization. Following his, he made a massive advertising campaign, attracting and persuading investors to invest in his firm. Soon, PPF Company acquired stocks from around 200 firm’s worth US 5 billion.
His group primarily focuses on consumer financing with the help of a Home Credit, a company established by the Petr. He is also active in the industry of insurance, PPF being the sole shareholder of a Czech insurance company. In the year 2007, PPF was managing assets more than 10 billion EURO worth, with a net profit of 244 million Euros. In the year 2009, Petr Kellner merged his group with Generali, a reputed insurance company.
Additionally, Petr also focuses on the energy, and presently owns 29% of the energy and industry holding. He is involved in the production of heat and electricity, heat distribution, power trading, power installation, and some other associated fields in the Czech Republic. His holding also produces buses. His power station supplies thermal energy to Prague to some county towns, including the Hradec Kralove, Plzen and Pardubice, and also to Chrudim and Litvinov.
Petr Kellner Philanthropy
In addition to his business activities, Petr Kellner is a patron for sport, education, and culture. He established Open gate Grammar School for underprivileged children, and a school for disabled children. He also supports a number of galleries and theatres through his company. Because he combined the Kellner Family Foundation and Educa, his two foundations, to make one big foundation, which has become one of the biggest donors for education in the Czech Republic.
Despite all this business success, Petr Kellner maintains a very low profile and gaining an interview or photographs from him is next to impossible. He remains very careful about his and his family’s privacy and keeps moving from one place to another. He is a connatural leader, intractable boss, and is full of self-confidence and persistence. Also, he has hard situations in his life with perseverance and has emerged out to be one of the most successful businessmen in the Czech Republic.
Petr Kellner Net Worth
According to the Forbes List, he is ranked as the 67th in the list of the richest people in the world. He offers scholarships to children at his Open Gate School. He is also known to have made a major contribution to the Think Tank Library project. That The former president of the Czech Republic, Vaclav Klaus proposed.
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