OTP chairman-CEO remains richest Hungarian
Sándor Csányi, the food industry magnate and head of OTP Bank, remains at the top of Forbesʼ annual ranking of the richest Hungarians. The magazine puts Csányiʼs wealth at HUF 294.3 billion, some HUF 11 bln more than one year earlier.
Property developer Sándor Demján ranks second with HUF 192 bln, while investor György Gattyán - Hungaryʼs "porn king" who made a fortune in online adult content - is third with HUF 188.6 bln. Both have taken one step up as former runner-up László Bige, owner of artificial fertilizer producer Nitrogénművek, slips back to 6th.
Gábor Széles, who heads electronic manufacturing service provider Videoton, takes fourth spot with HUF 147.1 bln.
Lőrinc Mészáros, the former gas-fitter and mayor of Prime Minister Viktor Orbánʼs home village of Felcsút whose fortunes have leapt spectacularly in recent years, has jumped the most, to HUF 105.7 bln, earning him 8th spot on the list. The share prices of holding companies Opus Global and Konzum, in which Mészáros owns big stakes, have multiplied since summer, adding billions to his assets, notes state news wire MTI. Mészáros has increased the number of companies he owns from one when the Fidesz-KDNP government returned to power in 2010 to just over 30 in 2016.
György Wáberer, who sold his road haulage business a year ago and went into real estate, comes in 11th at HUF 86.3 bln. Hollywood producer and government film industry commissioner Andy Vajna, who recently bought up regional newspapers after being active in television and radio broadcasting, is 16th with wealth of HUF 62.2 bln. István Garancsi, owner of quickly expanding construction and property development concern the Market Group, lies 19th, having raised his wealth to HUF 48.7 bln.
Among the few businessmen with decreasing fortunes are Lajos Simicska, a business magnate and former Orbán ally who had a public falling out with the prime minister in 2015. He slips to 21st place with HUF 46.6 bln.
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.