Forbes: Orbán family, acquaintances see increase in wealth
The wealth of Hungarian Prime Minister Viktor Orbánʼs family is estimated at HUF 6.9 bln, according to a report in the latest issue of the Hungarian publication of Forbes magazine.
The most valuable asset of the family Dolomit Kft., which specializes in mining rock for road and other construction, is majority owned (51%) by the family, Forbes says,. The company doubled its turnover over the past four years, with 2014 being an exceptionally good year: Turnover reached HUF 3.3 bln, after-tax profit of HUF 1.1 bln, and owners were paid a total of HUF 900 mln in dividends, Forbes reports.
However, Forbes says that the increase in wealth of those businesspeople close to the prime minister is “more impressive”. István Garancsi, who told Figyelő in June that he is “tied” to Orbán with “a rope of friendship, saw his wealth increase by HUF 24 bln in the past few years, Forbes said.
The mayor of Felcsút – Orbán’s birthplace – Lőrinc Mészáros’, said the “good Lord, luck and Viktor Orbán” have played a major role in him becoming so successful, and his companies “are doing well” on tenders called by the state, Forbes reported.
Policymakers Cut Central Bank Base Rate by 50 bp to 7.75%
Bulgaria's Household Income, Spending Rise 20% in 2023
Spar Magyarország Revenue Climbs Close to 16% in 2023
Hungary Launches HUF 15 bln Tourism Sector Support Program
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
