What is Andrej Babis' Net Worth?
Andrej Babis, a native Slovak entrepreneur with Czech citizenship, has a net worth of $2.4 billion. Born to a diplomat father in what is now the Slovak Republic, Babis began his career as a fertilizers trader for Petrimex. He later ascended to become the director of a trade group responsible for importing all raw materials required for fertilizer production.
The Founding of Agrofert
In 1995, Babis founded Agrofert, a chemical, agricultural, and food product holding company. Over time, Agrofert expanded across Eastern Europe and into Germany with the acquisition of the bakery group Lieken. Today, Agrofert comprises more than 230 companies, leasing most of the agricultural land in the country. The company is also actively purchasing firms involved in wood processing, media, and healthcare.
Despite leading a vast enterprise, Babis has maintained traditional management methods, preferring a paper calendar to a computer.
Shift in Responsibilities and Political Involvement
Babis recently announced plans to step back from day-to-day operations and is considering launching the company on the stock market. Apart from his entrepreneurial endeavors, Babis is also active in politics. He launched a new political party aiming to address widespread corruption in the country.
As of March 2012, Forbes ranked Babis as the 913th richest man in the world.
Personal Life
Babis is divorced from his first wife, with whom he has two children. He currently resides with his girlfriend Monika, and they have two children together.
