Petr Kellner
Czech businessman (1964–2021)
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Key Takeaways
- Petr Kellner (20 May 1964 – 27 March 2021) was a Czech entrepreneur, the founder and majority shareholder (98.
- At the time of his death, he had an estimated net worth of $17.
- Early life Kellner was born in 1964 in Česká Lípa, then in Czechoslovakia, but spent most of his childhood in Liberec.
- Career In the late 1980s, he worked as a production assistant in Barrandov Studios, even having a cameo in the 1989 film Time of the Servants.
- While working for that company, he met Milan Maděryč and Milan Vinkler.
Petr Kellner (20 May 1964 – 27 March 2021) was a Czech entrepreneur, the founder and majority shareholder (98.93%) of the PPF Group. At the time of his death, he had an estimated net worth of $17.5 billion, making him the wealthiest person in the Czech Republic.
Early life
Kellner was born in 1964 in Česká Lípa, then in Czechoslovakia, but spent most of his childhood in Liberec. Kellner graduated from the University of Economics, Prague Faculty of Industrial Economics, in 1986.
Career
In the late 1980s, he worked as a production assistant in Barrandov Studios, even having a cameo in the 1989 film Time of the Servants.
After the Velvet Revolution he worked for the Czech company Impromat, an importer and seller of Ricoh photocopiers. While working for that company, he met Milan Maděryč and Milan Vinkler.
Investment fund PPF
In 1991, after the announcement of Czechoslovak voucher privatization, he founded the investment fund PPF (První Privatizační Fond: First Privatization Fund) with Milan Vinkler and state-owned glassworks Sklo Union. In 1992, PPF investiční společnost a.s. was established and the funds' names were changed from privatization to investment. The funds were very successful and purchased stock of more than 200 corporations with nominal value 5 billion CZK.
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