Pavel Tykac – Billionaire

Coal, energy and real estate investor Pavel Tykac began as a computer distributor in the early 1990s, plowing profits into a small regional bank. He later partnered with four colleagues to found Motoinvest, which specialized in hostile takeovers during the Czech Republic’s privatization program. Known as “Motorky” (or “Boys”), they bought and later sold banking stakes. His largest assets now are two Czech coal mining firms that he owns through Cyprus-based Indoverse Czech Coal Investments. Tykac is an avid runner and badminton player.

Pavel Tykac Net Worth: Pavel Tykac is a Czech businessman and entrepreneur who has a net worth of $1.1 billion. Pavel Tykac was born in Celakovice, Czechoslovakia in May 1964. As of 2014 Tykac was the 4th richest person in Czechoslovakia. Tykac has been a controversial figure and made much of his money during the privatization of the Czech national economy in the 1990s. Pavel graduated from the Czech Technical University in Prague and became an engineer. His coal mine gained a long term contract with Czech electricity producer CEZ. Tykac started off as a computer distributor and invested in banking. He co-founded Motoinvest which utilized hostile takeovers during the Czech Republic’s privatization program. The company bought and sold banking stakes and had many transactions investigated.

Source:

1. forbes

2. celebritynetworth