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Grizzly Bulls’ Billionaires Index

⬅ # 280 Dmitri Bukhman|# 282 M.A. Yusuff Ali ➡

# 281 Daniel Kretinsky 

$8.87B

Real Time Net Worth
as of 7/2/2024
-$126 (-0.00%)

# 281 Daniel Kretinsky 

$8.87B

Real Time Net Worth
as of 7/2/2024
-$126 (-0.00%)
OccupationChair and Owner, EPH
Source of WealthEnergy, Investments
Age48
ResidencePrague, Czech Republic
Marital StatusIn Relationship
Children1
EducationLaw Degree, Masaryk University
Age-Adjusted Net Worth$20.0B
Daniel Kretinsky
Daniel Kretinsky
Czech Republic
Net worth: $8.87B

Self-Made Score 

Wealth History

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Biography

Early and Personal Life

Daniel Křetínský was born on July 9, 1975, in Czechoslovakia.
His father, Mojmír Křetínský, is an informatics professor at Masaryk University, and his mother, Michaela Židlická, served as a justice on the Constitutional Court of the Czech Republic.
He graduated from the faculty of law at Masaryk University.
Křetínský is in a relationship with Anna Kellnerová, the daughter of his business associate Petr Kellner.

Early Career

Křetínský began his career as a legal trainee at a law firm.
In 1999, he joined J&T as a lawyer, later becoming a partner in 2003.

Involvement in Sports

Křetínský has been involved with AC Sparta Prague, serving as chairman since 2004 and believed to own a 40% share.
In 2009, he became chairman and a 20% shareholder of Energetický a průmyslový holding (EPH) when J&T founded the company.

Business Ventures

He divested from J&T and became chairman and majority shareholder (60%) of EP Industries in 2011.
Křetínský acquired 94% ownership of EPH in 2016 through a series of transactions, including the sale of a 30% stake in subsidiary EPIF.
He is also an owner of Czech media house Czech News Center, which publishes tabloid Blesk, since 2014.

Notable Investments

Křetínský made significant investments in various companies during the 2020 market crash, including purchases of stakes in Sainsbury, Foot Locker, and Royal Mail.
He acquired a 49% stake in French newspaper Le Monde in October 2018, causing concern among some of the paper's staff regarding editorial independence.
His holding company, Vesa Equity Investment Sarl, announced a 3.05% holding interest in J Sainsbury plc in September 2020.
By November 2020, Křetínský's holding company became the largest shareholder of Foot Locker.
In November 2021, Křetínský and his colleague Pavel Horský acquired 27% of the shares of English football club West Ham United, both becoming directors.
In August 2022, Křetínský's Vesa Equity Investment Sarl notified Royal Mail of plans to increase its shareholding to more than 25%.

Real Estate

He purchased the Heath Hall mansion in London for £65 million in 2015, featuring 15 bedrooms, 13 bathrooms, a cinema, and a tennis court.

How long would it take you to become as rich as Daniel Kretinsky?

If you started with $10,000 and invested an additional $500 each month at a 44.06% CAGR, it would take you 5 years to reach Daniel Kretinsky's net worth of $8.87B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 48.24% compared to 16.19% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Daniel Kretinsky is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Daniel Kretinsky, Energy and Investments are the primary sources. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey