⬅ # 355 Douglas Leone|# 357 Igor Olenicoff

# 356 Pavel Tykač 

$7.93B

Real Time Net Worth
as of 5/18/2024
-$3.5M (-0.04%)

# 356 Pavel Tykač 

$7.93B

Real Time Net Worth
as of 5/18/2024
-$3.5M (-0.04%)
Source of WealthCoal Mines
Age60
ResidencePrague, Czech Republic
Marital StatusMarried
Children4
EducationMaster, Czech Technical University, Prague
Age-Adjusted Net Worth$7.93B
Pavel Tykač
Pavel Tykač
Czech Republic
Net worth: $7.93B

Self-Made Score 

Wealth History

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Biography

Early Life

Pavel Tykač was born on May 15, 1964 in Čelákovice, Czechoslovakia
He earned an engineering degree from Czech Technical University in Prague (1987)

Career

Began entrepreneurial career post-Revolution selling computer technology in the early 1990s.
Co-founded Vikomt company in 1991, a major player in computer technology market.
Sold share of Vikomt in mid-1990s, used proceeds to acquire and sell Regiobanka.
Participated in the creation of Motoinvest, a group focused on privatization takeovers (1995).
Returned to big business in the 2000s, engaging in share trading and currency speculation.
Invested in CS Funds and faced legal proceedings related to fund management.

Entrepreneurial Ventures

Co-founded Motoinvest, specializing in hostile takeovers during Czech Republic's privatization.
Acquired significant stakes in various Czech banks through Motoinvest Group.
Invested in CS Funds, later facing legal proceedings related to fund mismanagement.

Entry Into Energy Sector

Entered energy sector in 2006 with investment in Czech Coal; became sole owner in 2010.
Significantly developed Czech Coal, acquiring Chvaletice Power Station in 2013.
Rebranded Czech Coal to Sev.en Group in 2017, entering European energy market in 2018.
Established Sev.en Energy AG, becoming second largest power company in Czech Republic.
Expanded Sev.en Energy AG into UK and Australia through acquisitions in 2019.

Legal Proceedings

Faced legal proceedings related to CS Funds mismanagement in the late 1990s and early 2000s.
Criminal prosecution in connection with CS Funds was terminated in 2008 and 2015.
Involved in disputes with various entities in the energy sector, settling some cases amicably.

How long would it take you to become as rich as Pavel Tykač?

If you started with $10,000 and invested an additional $500 each month at a 44.10% CAGR, it would take you 5 years to reach Pavel Tykač's net worth of $7.93B.

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 42.76% compared to 11.89% for the S&P 500 benchmark.

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

Pavel Tykač 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 Pavel Tykač, Coal Mines 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.

Edited by: Lee Bailey