Never before in the history of Hungarian rich lists has the estimated wealth of a billionaire exceeded HUF 500 billion. Now, it has changed. The new record holder is also not who we might first think. Forbes has made a list of the 10 richest Hungarians. Read on to find out who they are and what they do.
Four times in a row, Lőrinc Mészáros, a billionaire gas fitter, was the country’s richest. However, in the latest Forbes billionaires list, he was dethroned by his eternal rival, Sándor Csányi, the Chairman and CEO of OTP Bank. What is more, the fortunes of Mészáros have fallen so much that a surprise billionaire has managed to keep him from the second place as well. Now, let us see the list.
Estimated assets: HUF 541.6 billion (EUR 1.34 billion)
In recent years, the gap between the wealth of Lőrinc Mészáros and Sándor Csányi has been narrowing. This year, the OTP leader has come out on top. According to Forbes’ estimates, he has increased his wealth by more than HUF 70 billion in the past year. This makes him the first person in the history of the Forbes billionaires list to cross the HUF 500 billion mark.
Estimated assets: HUF 468.6 billion (EUR 1.16 billion)
Zsolt Felcsuti is an industrial investor, major shareholder of MPF Holding and co-president of the National Association of Hungarian Industrialists (Magyar Gyáriparosok Országos Szövetsége). He is the 34th most influential person in Hungary in 2022. The growth of MPF Holding in 2022 is reflected in the estimated assets of the billionaire. This is the first year he has finished second on the national billionaires list.
Estimated assets: HUF 436.5 billion (EUR 1.08 billion)
Where did Lőrinc Mészáros’ fortune go, one may ask if they have followed the evolution of the rich list in recent years. The growth of his wealth has slowed down and has stagnated in the recent period, estimated at around HUF 480-490 billion over the last two years.
The fact that Mészáros has a large exposure to the stock market, which accounted for about a quarter of his wealth last year, has a significant role in the decline in his wealth. At the time of writingthe list, the price of Opus securities was down 42.2 percent compared to 1 January 2022. This has also left its mark on the billionaire’s fortunes.
Estimated wealth: HUF 357 billion (EUR 884.5 million)
Hungarian businessman, founder of the sex camera service LiveJasmin and the International Teqball Federation (FITEQ).
Estimated assets: HUF 295.9 billion (EUR 733.2 million)
Businessman, principal owner of the Wallis Group.
Estimated assets: HUF 229 billion (EUR 567.4 million)
Entrepreneur, businessman, co-founder of Duna Aszfalt Kft.
Estimated assets: HUF 224.7 billion (EUR 556.7 million)
Economist, founder, majority owner and CEO of Indotek Group.
Estimated wealth: HUF 220.1 billion (EUR 545.3 million)
Widow of Sándor Demjén. Her husband was a businessman and economist. He became known as the founder of the first Hungarian privately owned commercial bank, MHB.
Estimated assets: HUF 190.2 billion (EUR 471.2 million)
Hungarian businessman, chairman and owner of the Székesfehérvár-based Videoton and Ikarus companies.
Estimated wealth: HUF 174.1 billion (EUR 431.4 million)
Son of Megdet Rahimkulov. Owner of the Általános Értékforgalmi Bank Zrt. (General Securities Bank Ltd.) with his father and his brother Timur Rahimkulov.