Hungarian billionaire on Forbes list

Forbes magazine has published its latest World’s Billionaires list that contains the world’s 2,208 wealthiest people. Among them is Hungarian banker Sándor Csányi who is back on the list - on place 1,999 - after 2016.

The combined fortune of the world’s 2,208 wealthiest people is worth USD 9.1 thousand billion. This hard-to-imagine sum is 18% more than it was a year before. Compared to last year’s, there are 259 new names on the list from 35 countries around the globe. One of them is Sándor Csányi, Hungary's first USD billionaire, whose company is one of the largest financial-services firms in Central and Eastern Europe. He is back on the list after a year with a fortune estimated by Forbes to be USD 1.1 billion.

An article in Forbes points out that Csányi’s OTP Bank acquired four banks in the Balkan region in 2017. He owns Bonafarm Group, now the largest vertically integrated agricultural and food conglomerate in Hungary. He is also shareholder and member of board of the Hungary-based multinational oil and gas company, MOL Group.

He is a member of the European Board of Directors for MasterCard and is Vice Chairman of the Board of Directors of MOL Group as well as Co-Chairman of the Hungarian National Association of Entrepreneurs and Employers (VOSZ). Forbes notes that Csányi’s Gránit Development sold the Arena Centar Zagreb [in 2016], the biggest shopping center in the capital of Croatia. As a social position, Sándor Csányi is the President of the Hungarian Soccer Federation and he has just been elected as one of the Vice Presidents of the international federation FIFA.