Radovan Vítek built his fortune through post-communist privatization and a series of property acquisitions that evolved into CPI Property Group, where trusts associated with him still control nearly nine-tenths of the shares. [1][2][3][4]
Privatization deals supplied the first property platform
Forbes says Vítek got his start during Slovakia's voucher privatization in the 1990s, placing the origin of his fortune in acquired assets rather than an inherited real-estate company. [1]
After moving to the Czech Republic in 1997, he took over a cooperative and converted its headquarters into a luxury hotel, an early example of the acquisition-and-redevelopment strategy that preceded CPI's later scale. [1]
CPI Property Group describes Vítek as its founder and primary shareholder, while a 2014 company announcement says he contributed his wholly owned CPI Group into listed GSG Group and became a 94% shareholder of the combined platform. [2][3]
Control remained concentrated as the portfolio scaled
CPIPG's current shareholder disclosure attributes 89.18% of the company's shares and 89.91% of voting rights to Vítek trusts, showing that most of the economic upside from decades of acquisitions remained closely tied to his ownership. [4]
The resulting fortune is best understood as self-created through privatization-era investing, property acquisitions and concentrated ownership of the group he assembled. The reviewed record does not establish a material inherited operating base or family fortune at the start. [1][2][4]
Sources for background
Sources reviewed Sep 26, 2026.
- Radovan Vitek · Forbes · Mar 10, 2026
- About us · CPI Property Group
- CPI Group allied with German GSG Group · CPI Property Group · Jul 23, 2014
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