Dinu Patricu remains on Forbes list, Ion Tiriac's fortune falls below 1bln dollar mark

Businessman Dinu Patriciu is the only local on the Forbes rank of the world’s billionaires, with a fortune estimated at 1.8 bln dollars, down from last year, when the prestigious magazine indicated for Patriciu a 2.5 bln dollar wealth.
In the last year’s list, another local was on the list, Ion Tiriac, whose fortune was estimated at 1.2 bln dollar. This year, the former Romanian tennis man was wiped off the list completely.

As for Patriciu, even if his fortune slumped from last year, as Forbes reveals, he climbed to spot 397 from 462 last year.

Forbes says Dinu Patriciu’s wealth stems from its refineries and business in oil industry.

Former architect, he acquired in 1998 the state-owned Rompetrol, stepping as chief executive in 2001. After a series of acquisitions, Patriciu turned Rompetrol into a multinational company that recorded 4.6 bln dollar sales. In 2007, he sold 75% stake to state-owned energy provider in Kazakhstan, KazMunaiGaz but keeping the chair.

He invested in real estates, and in January, the Romanian tycoon acquired via its Black Sea Global company, the investment fund Fabian Romania, listed at the London stock exchange.

Patriciu, former member of the Parliament and key-member of National Liberal Party holds the media group Adevarul Holdings, the publisher of Forbes Romania magazine, under Forbes Media LLC trademark.

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