"Michal Strnad, 33, has grown $22 billion richer since the start of January, the Bloomberg Billionaires Index shows. Only the Tesla and SpaceX CEO, who is up $70 billion year to date, has built more wealth over that period. Strnad's net worth has soared 150% to $37 billion in less than a month, vaulting him into 64th place on the rich list. He's now wealthier than Facebook cofounder Eduardo Saverin, SoftBank chief Masayoshi Son, and steel magnate Lakshmi Mittal."
"His wealth surge was sparked by the listing of his company, Czechoslovak Group, in Amsterdam on Friday. CSG secured a public valuation north of $30 billion with Strnad selling about $3 billion worth of his shares in the IPO, paring his ownership from virtually 100% to 85%. As a defense executive in his 30s, Strnad stands out among the 10 greatest wealth gainers this year, many of whom are much older and have software fortunes."
Michal Strnad, 33, gained $22 billion since early January, increasing his net worth 150% to $37 billion and ranking 64th on the rich list. The surge followed the Amsterdam IPO of his Czechoslovak Group (CSG), which secured a public valuation north of $30 billion. Strnad sold about $3 billion of shares in the IPO, reducing his ownership from nearly 100% to 85%. CSG began as Excalibur Army, founded by Strnad's father in 1995. Strnad joined in 2011, became CEO in 2013, and took ownership in 2018. CSG employs over 14,000 people across eight countries and operates in the auto, aerospace, and railway sectors. Bloomberg updated Strnad's net worth based on his CSG stake.
Read at Business Insider
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