Daniel Kretinsky

About Daniel Kretinsky

Birth Place: Prague, Czech Republic, Czech Republic

Daniel Kretinsky Net Worth

Daniel Kretinsky was born in Prague, Czech Republic, Czech Republic. Daniel Kretinsky joins the billionaire ranks after selling 31% of energy firm EPH for $1.6 billion to a consortium of investors led by Australia-based asset manager Macquarie Infrastructure and Real Assets in 2016.Two decades ago, Kretinsky started working as a lawyer for Slovak investment company J&T; now he runs and co-owns the biggest energy group in Central Europe. EPH (Energetický a průmyslový Holding) owns more than 50 companies in the Czech Republic, Slovakia, Germany, Italy, the U.K., Poland and Hungary, operating in electricity distribution and supply, gas storage and transmission, with some 25 000 employees. His strategy has been to find big players in the energy market that are struggling, buy their old coal-powered plants and mines, and bet on increasing electricity prices. Kretinsky owns 37% of EPH; he built up his equity stake over time by choosing to be compensated in shares instead of cash as the company has grown.
Daniel Kretinsky is a member of Energy

💰 Net worth: $2.6 Billion (Updated at 22 June 2018)

Biography/Timeline

1999

He graduated from the Faculty of Law of Masaryk University and started to work as legal trainee in law firm. In 1999, he joined J&T as Lawyer and become there a partner in 2003. Since 2004 he is chairman of football club AC Sparta Prague and he is believed to be its 40% shareholder.

2009

When in 2009 J&T founded Energetický a průmyslový holding, he became its chairman and 20% shareholder. He also ceased to be partner of J&T. In 2011, he became chairman and 60% shareholder of EP Industries, that was divested from EPH. From 2014 he is one of the owners of Czech media house Czech News Center, among others publisher of tabloid Blesk, that is the most read newspaper in the Czech Republic.