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OTP Bank Chief Sándor Csányi Becomes First Hungarian To Make Forbes Magazine’s Billionaires List

By Tamás Székely // 2015.11.03.

Sándor Csányi, head of Central Europe’s biggest lender OTP Bank and owner of Hungary-based agribusiness Bonafarm, has made Forbes magazine’s newest list of the world’s 1,700 wealthiest people. Forbes has Csányi listed as the richest Hungarian, with a net worth of 287.9 billion forints (USD 1.01bn). Csányi is the first ever Hungarian to make the Forbes World’s Billionaires list.

Last year Csányi’s worth was estimated at “only” HUF 159.5 billion, making him the second richest man in Hungary. According to economic news portal portfolio.hu, the difference stems from the fact that this year Forbes included in its assessment the latest report of Sándor Csányi’s Singapore-based interests and investment fund, which revealed that he holds HUF 64.5 bn worth of money in its Sertorious fund in Singapore.

The Hungarian list was topped last year by “porn baron” György Gattyán, owner of adult internet sites such as jasmin.com, with an estimated wealth of HUF 165.4 bn. The third richest men in Hungary is László Bige, owner of chemical works Nitrogénművek (HUF 157.3 bn), followed by real estate tycoon Sándor Demján, the owner of TriGranit (HUF 155.6 bn); conservative media mogul Gábor Széles (HUF 125 bn), and businessman-oligarch Lajos Simicska (HUF 112 bn), former friend and current rival of Prime Minister Viktor Orbán.

The new Forbes list of the world’s 1,700 wealthiest people will be published in the magazine’s March 2016 issue. The list is topped by Microsoft founder Bill Gates, who is reported to be worth 79.3 billion US dollars. Gates is followed by Spanish businessman Amancio Ortega, while US investing icon Warren Buffett is third in the pecking order.

via hungarymatters.hu and portfolio.hu photo: János Marjai – MTI