Petr Kellner

Short Bio of Petr Kellner

Petr Kellner was born in the Czech Republic’s Ceska Lipa in 1964. The majority of the billionaire’s youth was spent in Liberec. He is of Caucasian ancestry and has Czech nationality. Speaking of schooling, Kellner received a bachelor’s degree in arts and sciences from the University of Economics in Prague. He is about 70 kg and 173 m tall. You may also like to know about Cary Deuber.

Early Years

Kellner was born in Eská Lpa, then in Czechoslovakia, in 1964, but lived most of his life in Liberec. Kellner graduated with a degree in industrial economics from the Prague Faculty of the University of Economics in 1986.

Before building a vast business empire for himself, he started out as an office supply wholesaler. Petr Kellner is well-known in the insurance sector in the Czech Republic. Kellner is meticulous about maintaining his privacy and keeps a low profile.

Personal life of Petr Kellner

Czech artist Petr Kellner, a multimillionaire, and his wife Renata Kellnerova were a blissful pair. In the 1990s, after a protracted courtship, he married Renata. A year later, they were overjoyed to welcome four children into their family. Unbelievably, despite his fame, Kellner prefers to lead a quiet personal life.

The Kellner family charity was established in 2009 by Kellner and his loving wife Kellnerova. The PPF foundation’s website describes the Kellner family as art enthusiasts and collectors. They are the ones who have the most photographs by Joseph Sudek, Frantisek Drtikol, Ivan Pinkaba, and Ton Stan.

Career in the Profession

Petr Kellner started his career selling office supplies in 1990. He founded the investment company PPF the year after, in 1991. Because of this, he was able to ride the five waves of coupon privatization. He then started a huge advertising campaign to entice and persuade investors to fund his business. PPF Company soon spent $5 billion purchasing stocks from 200 different firms.

His organization, which works with Petr’s business, Home Credit, focuses mostly on consumer financing. As the sole shareholder of a Czech insurer, PPF, he is also involved in the insurance industry. PPF managed assets of over 10 billion euros with a net profit of 244 million euros in 2007. In 2009, Petr Kellner combined his business with reputed insurance company Generali.

Petr Kellner started his career selling office supplies in 1990. He founded the investment company PPF the year after, in 1991. Because of this, he was able to ride the five waves of coupon privatization. He then started a huge advertising campaign to entice and persuade investors to fund his business. PPF Company soon spent $5 billion purchasing stocks from 200 different firms.

His organization, which works with Petr’s business, Home Credit, focuses mostly on consumer financing. As the sole shareholder of a Czech insurer, PPF, he is also involved in the insurance industry.

What is the Net Worth of Petr Kellner?

According to Forbes and Bloomberg, Petr Kellner’s estimated net worth was $17.5 billion and $15.7 billion, respectively. He made a ton of money via his profession as the PPF investment group’s founder. The telecom company O2 Czech Republic, PPF Bank, and holdings in commercial real estate are some of Petr’s additional sources of income.

According to Kellner’s official biography, he was a salesperson of office supplies who also handled the importation and maintenance of photocopiers. Additionally, he was able to establish enough enterprises and financial resources to launch an investment fund that would invest in the public assets that the post-communist government was privatizing through a voucher for shares program.

His primary investment vehicle was the Prvni Privatizacni Fond (PPF), which he used to acquire stock and shares in more than 200 businesses. Later, he requested a 20% interest in Cseska Pojistovna, the largest insurer in the nation.

Following the fall of Czechoslovakia and other Central and Eastern European nations, PPF compelled Kellner to go on a multi-year buying spree of assets in the Czech Republic, Slovakia, and other countries. Additionally, the PPF Group’s assets expanded to include consumer finance, banking, biotechnology, media broadcasting, and real estate.

The PPF Group, which also made investments in Russia’s thriving agriculture and farming industries, is recognized as a significant player in the country’s home financing market. Overall, an insurance juggernaut for Central and Eastern Europe was created through a 2007 agreement between Ceska Pojistovna and Generali of Italy, which increased Kellner’s wealth when he left the partnership in 2012 for 2.5 billion euros ($2.03 billion).

Renata Kellnerova was Petr Kellner’s wife.

Petr Kellner, a multibillionaire artist from the Czech Republic, and his wife Renata Kellnerova were a happy couple. He wed Renata in the 1990s following a protracted courtship. They were thrilled to become parents to four kids a year later. Unbelievably, despite being a well-known person, Kellner likes to have a low-key personal life.

In 2009, Kellner and his devoted spouse Kellnerova founded their family charity. The Kellner family is referred to as art collectors and aficionados on the website of the PPF foundation. The largest collection of images by Joseph Sudek and Frantisek Drtikol, Ivan Pinkaba, and Ton Stan is theirs.

Death of Petr Kellner

PPF said that Mr. Petr Kellner, the company’s largest shareholder, died on March 27, 2021, in a helicopter accident while heliskiing in the Alaskan Mountains. There were at least five fatalities. The ski lodge that had rented an Airbus AS350 B3 helicopter crashed close to Knik Glacier.

According to the website of the Kellner Family Foundation, PPF oversees a sizable collection of pictures and paintings in addition to operating exhibition venues in Prague, such as the Vaclav Spala Gallery and Josef Sudek Studio. The group advertises Czech art both domestically and internationally. You may also like to know about  Britt McHenry.