Sándor Demján, chairman of TriGránit, dies at 74

Retail

Hungarian businessman and entrepreneur Sándor Demján, chairman of real estate company TriGránit, died Monday evening aged 74, real estate developer Gránit Pólus announced yesterday. Demján was Hungaryʼs second richest man, according to Forbes. 

Demján was founder and chairman of the Gránit Pólus Group, served as executive president of the National Association of Entrepreneurs and Employers (VOSZ), and as chairman of the National Association of Savings Cooperatives (OTSz).  

From humble beginnings, Demján started the Skála department store chain in 1973 and founded Gránit Bank in 1985 and the Hungarian Credit Bank in 1986.  

In 1996, he became the chairman of TriGránit, and in 1999, inaugurated the WestEnd City Center mall, then the largest mall in the region.

In 2003, Demján founded the Prima Primissima Award, to recognize Hungarian excellence in science, arts and culture.

In 2012, Demján announced that he would leave a significant portion of his wealth to charity after his death. In 2014, he revealed he would gradually withdraw from business life, citing his age.

ADVERTISEMENT

Reforms to raise productivity would strengthen recovery - OE... Analysis

Reforms to raise productivity would strengthen recovery - OE...

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

Skanska commercial dev unit names new EVP of operations Hung... Appointments

Skanska commercial dev unit names new EVP of operations Hung...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

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.