Grizzly Bulls LogoGrizzly BullsHow it WorksCalculator🚀 PremiumBlog
Log In

Grizzly Bulls’ Billionaires Index

⬅ # 494 Maria Angelicoussis|# 496 Liang Wengen ➡

# 495 Michal Solowow 

$6.37B

Real Time Net Worth
as of 12/24/2024
$47 (0.00%)

# 495 Michal Solowow 

$6.37B

Real Time Net Worth
as of 12/24/2024
$47 (0.00%)
OccupationFounder, Four Reasons Foundation
Source of WealthInvestments
Age62
ResidenceKielce, Poland
Marital StatusMarried
Children1
Age-Adjusted Net Worth$5.56B
Michal Solowow
Michal Solowow
Poland
Net worth: $6.37B

Self-Made Score 

TAG Heuer Formula 1 Automatic Chronograph

Wealth History

Hover or tap to reveal net worth by year
Loading Chart

Biography

Overview

Michał Sołowow was born on July 11, 1962, in Kielce, Poland.
He began his career in the late 1980s by establishing the construction company Mitex in Kielce.
In 2002, he sold Mitex to French investor Eiffage, marking a significant milestone in his career.
Sołowow invested the proceeds from Mitex's sale into the emerging Polish stock market.
He strategically took his companies private over the years, including Barlinek and Cersanit, two leading building materials producers.
In 2018, he also privatized his main listed asset, the chemical group Synthos.

Business Empire

Sołowow's industrial group spans 18 production plants across 8 countries and sells products in over 60 countries worldwide, employing over 16,000 individuals.
He is the sole shareholder of key companies such as Synthos, Cersanit, and Barlinek, which form the core of his capital group.
His investments extend across various sectors, including chemicals, ceramic tiles, wood flooring, real estate, technology, and biotechnology.
Sołowow manages his assets through several funds, including Black Forest SICAV-SIF, FTF Columbus Fund, and Magellan Pro-Equity Fund I S.A.
He actively participates in IPOs via IPOPEMA 112 FIZAN fund, investing in companies like Genicore and OncoArendi Therapeutics.
Notably, Synthos Green Energy S.A., a company within his group, signed a groundbreaking agreement with GE Hitachi Nuclear Energy for potential nuclear power plant construction in Poland.

Closed Investments

Throughout his career, Sołowow has made several successful closed investments, including the sale of Max, NOMI, and Exbud in the 1990s.
He also divested stakes in companies like Viscoplast and Mitex, which he founded in the 1980s and later sold to major international players.
Notable exits include the sale of Echo Investment in 2015, a real estate development company he founded in 1994.
Sołowow's strategic divestments have contributed to his entrepreneurial success and wealth accumulation.

Rally Career

Aside from his business ventures, Sołowow pursued a passion for rally driving, beginning his professional career in 2001.
Sponsored by his companies Synthos and Cersanit, he achieved notable success, becoming European vice-champion in multiple years and vice-champion of Poland.
He temporarily suspended his rally career in 2015 but resumed it in 2020, showcasing his determination and multifaceted interests.

Michal Solowow's Wealth is Equivalent to:

4,902,232 Herman Miller Aeron Chairs

Herman Miller Aeron Chair

1,204,920 Gold Bars (50 gram)

24K Solid 50g Gold Ingot

65,083 Tiny Homes

Tiny House, Two Bedroom Solar Prefab Home

How long would it take you to become as rich as Michal Solowow?

If you started with $10,000 and invested an additional $500 each month at a 42.82% CAGR, it would take you 5 years to reach Michal Solowow's net worth of $6.37B.

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 67.72% compared to 25.94% for the S&P 500 benchmark.

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

Michal Solowow 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 Michal Solowow, Investments is the primary source. 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.

Affiliate Disclosure: Some of the links on this page are affiliate links. This means that, at no additional cost to you, we may earn a commission if you click through and make a purchase. We only recommend products or services we believe will add value to our readers.

Edited by: Lee Bailey