These are the wealthiest Hungarian families in 2020

Just as Forbes creates its annual list of the wealthiest people in the country, it also looks at the most valuable companies. Check out the top family businesses in Hungary in 2020.

Forbes looked at companies where the majority of the owners and management were related, and 50% of the shares belonged to the same family. Where possible, they calculated with EBITDA to show the companies’ ability to generate money. They used industry multipliers and then deducted the company’s liabilities from the value and added its cash balances. Publicly available data was used which was consolidated in most cases, where it was not, researchers consolidated the results based on the available information

These are the TOP 5 family businesses in Hungary in 2020:

1. Mészáros Group

• Opus Global, Talentis Group, Talentis Agro, Status Capital and Fejér B.Á.L.
• Family: Lőrinc Mészáros and his family
• Estimated value: 703,500,000 Euros (252.3 billion forints)
• Headquarter: Felcsút
• Founded: 2001.
• Generations: 2

1. MPF Holding

• Family: Zsolt Felcsuti and his family
• Estimated value: 565,000,000 Euros (202.6 billion forints)
• Headquarter: Singapore
• Founded: 1976
• Generations: 2

1. Bonafarm Group

• Family: Sándor Csányi and his family
• Estimated value: 295,000,000 Euros (105.6 billion forints)
• Headquarter: Budapest (Pécs, Szeged, Bóly, Nádudvar, Mohács, Szentes)
• Founded: 2004
• Generations: 2

1. Budapesti Ingatlan (BIF) Ltd.

• Family: Mária Schmidt and her family
• Estimated value: 238,000,000 Euros (85.5 billion forints)
• Headquarter: Budapest
• Founded: 1995
• Generations: 2

1. Jász-Plasztik Ltd.

• Family: Kasza family
• Estimated value: 233,000,000 Euros (83.6 billion forints)
• Headquarter: Jászberény
• Founded: 1990
• Generations: 2

Read alsoForbes: These are the most valuable Hungarian athletes in 2020

Source: www.forbes.hu