Pavel Tykač
| Pavel Tykač | |
|---|---|
| Born |
May 15, 1964 Čelákovice, Czechoslovakia |
| Alma mater | Czech Technical University in Prague |
| Occupation | investor |
| Net worth | US$1.03 billion (2015) |
| Spouse(s) | Ivana Tykač (current), Daniela Kuchtová (divorced) |
| Children | 6 |
Pavel Tykač (born 15 May 1964 in Čelákovice) is a Czech entrepreneur and investor. His wealth is estimated at US$1.03 billion, which according to Forbes magazine makes him the fifth richest person in the Czech Republic (Forbes rankings 2015).
Pavel Tykač started his entrepreneurial career after the Revolution by sale of computer technology. In the beginning of the 90s he and his partners established Vikomt company which had a great break through on the market. He sold his share of the company in the middle of the 90s. He used the acquired money to take over at the time small Regiobanka in Karlovy Vary (today`s Hypoteční banka); he subsequently sold it to IPB at a very advantageous price. Already at that time he was considered to be a very rich man. In 1995 he participated in the creation of free community of investors around Motoinvest whose participants gained shares in several banks and investment funds thanks to buying cheap shares after the privatization. Forced termination of their activities has led to the rapid sale of assets of the majority of participants in this community. At the turn of the millennium, after several years in seclusion, Tykač returned to the world of big business. Share trades (mainly electricity company ČEZ and Telefónica) and currency rate movement speculations are probably the biggest source of Tykač`s billion-dollar assets. In 2006, he invested into a minority share of the mining group Czech Coal, and in 2010 became its sole owner.
Tykač studied at the Czech Technical University in Prague where he obtained an engineer's degree in 1987.
After completing military service, he worked as a technician in the TOS Čelákovice. In 1990 he started to import and sell computer equipment, and later, in 1991, he founded Vikomt company with three other partners, which became one of the top three companies on the market in the first half of the nineties
In 1995 he sold his share and used the money (up to one billion dollars) to take over a small Regiobanka in Hradec Kralove, which he subsequently sold to IPB. IPB transformed it into Czechomoravian mortgage bank. The proceeds from this transaction were the source for his further activities.
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