Petr Kellner
| Petr Kellner | |
|---|---|
| Born |
20 May 1964 Česká Lípa,Czechoslovakia |
| Nationality | Czech |
| Education | University of Economics, Prague |
| Occupation | Head of Strategic Development Operations for PPF Group |
| Net worth |
 $11.4 billion |
| Spouse(s) | Iva Kellnerová (divorced) Renáta Kellnerová |
| Children | 4 |
Petr Kellner (born 20 May 1964) is a Czech businessman. He is currently[update] estimated to have a net worth of $11.4 billion according to Forbes list of billionaires, making him the wealthiest person in the Czech Republic and the 102th richest person in the world as of 10 August 2016. In March 2016, his net worth was $10.9 billion.
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 . While working for that company, he met Milan Maděryč and Milan Vinkler.
In 1991, after the announcement of Czechoslovak voucher privatization, he founded the investment fund PPF (První privatizační fond) with Milan Vinkler and state-owned glassworks Sklo Union. In 1992, PPF investiční společnost a.s. was established and the funds’ names were changed from privatisation to investment. The funds were very successful and purchased of more than 200 corporations with nominal value 5 billion CZK.
In 1995 and 1996, PPF bought a 20% stake in the largest Czech insurance company, Česká pojišťovna 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 Komerční 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 branch and Assicurazioni Generali's corporations in the Czech Republic, Slovakia, Poland, Hungary, Romania, Bulgaria, Ukraine, Russia, Serbia, Slovenia, Croatia, Belarus, and Kazakhstan. According to sources PPF Group will own 49% of that company from the start, and Generali will pay €1.1 billion to the PPF Group for its stake. Petr Kellner became member of the Board of Directors of Generali. Kellner himself later bought 2.02% stake in Assicurazioni Generali.
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