The Czech tycoon knew how to take advantage of the post-Cold War international changes to position himself at the top
Radovan Vitek is a businessman from the Czech Republic born on January 22, 1971. He is currently a real estate investor whose assets exceeds 9 billion dollars and has more than 418 properties in its possessionincluding more than 12,000 residential units and 10,000 hotel rooms.
The curiosity about this Czech billionaire is that he was self-made and did not make his fortune thanks to some inheritance. He started his businesses in 1990, after the fall of the Berlin Wall. in what was Czechoslovakia, today become two different countries (Czech Republic and Slovakia). And he began by acquiring an investment fund called Boleslavsko, which he transformed into his main investment vehicle and today is called CPI.
CPI Group
Who is Radovan Vitek
Since the 2000s, began to grow strongly in real estate investmentsboth in the Czech Republic and in Slovakia. Firstly, it began with the retail sector, in a context where the country was beginning its process of joining the European Union, which it achieved in May 2004. The curious thing about the investor is that in the face of the real estate crisis that broke out in the year 2008, it found the opportunity to overcome and, when it ran out of competitors, it began to grow strongly.
As of 2014, combined its investment fund CPI with the newly acquired company GSP Groupdedicated exclusively to the construction and management of properties. This new company was renamed CPIPG. This platform has become one of the largest in the entire country in the real estate field. In this way, by 2020, his fortune reached 4 billion dollars.
How much is Radovan Vitek’s net worth today?
In the year 2024, the Czech tycoon He has a fortune of more than 6.7 billion dollarsranking number 409 among billionaires around the world. He lives in Switzerland, is married and has 4 children.
Source: Ambito
