Karel Komarek, a Czech entrepreneur, is worth $1.6 billion.
A newcomer to the world of billionairery, Mr.
Komarek’s fortune was boosted in 2010 when he liquidated his family’s conglomerate.
He also acquired the company’s oil and gas holdings at that time, while his father and sister took over the machinery division.
Karel started his career in the family trading business in the early 1990s. The Komarek family purchased shares in various oil and gas companies, as well as machinery companies, during the Czech Republic’s privatization process, and eventually merged them into KKCG group.
Karel Komarek has acquired Moravske Naftove Doly, the largest crude oil and gas company in the Czech Republic, and he intends to team up with Russia’s Gazprom to construct a new gas tank.
Karel accumulated a vast number of interests and contributed an additional $300 million to acquire the remaining 50% of Sazka, a betting company that he had previously partnered with Petr Kellner, the richest man in the Czech Republic.
Palm Beach, a nearby mansion to Celine Dion’s, is where Komarek spends his free time.