Does Romania Have Any Billionaires? An exploration of Romania’s Billionaire Population
Romania is a country located in Southeastern Europe, bordered by the Black Sea, Ukraine, Hungary and Serbia. It is the eleventh-largest country in Europe and has experienced a significant population growth since the fall of communism in 1989. Romania is one of the poorest and least developed countries in the European Union, with a median household income of only €12,816 in 2020. Despite this, it is still home to some of the wealthiest people in the world. So, does Romania have any billionaires?
List of Romain Billionaires
Romain billionaire wealth comes primarily from investments, real estate, and energy (especially oil and gas). According to Forbes, there are nine Romanian billionaires in 2021, with a combined net worth of $18 billion. These nine individuals are:
- Ion Tiriac: worth $1.76 billion
- Gyorgy Nagy: worth $1.4 billion
- Viorel Micula: worth $1.1 billion
- Ion Rosca: worth $900 million
- Ion Cambrea: worth $800 million
- Ioan Niculae: worth $700 million
- John Florescu: worth $600 million
- Petru Fudda: worth $500 million
- Bogdan Bucciali: worth $400 million
Sources of Wealth
Most of Romania’s billionaires owe their fortunes to investments and real estate. Romanian billionaire Ion Tiriac is credited with creating “The Tiriac Group,” a conglomerate of investments in over 20 countries—including real estate and private equity. Gyorgy Nagy is a private investor and the former CEO of Fondul Proprietatea, a Romanian investment fund. Viorel Micula is an entrepreneur who owns Micula Group, a company that invests in oil, gas, and energy.
Romania’s richest man, Ion Rosca, is the founder of RoAir Group, a private energy and asset management company. Ion Cambrea, the second-richest man in Romania, gained his wealth through investments in oil, gas, and energy. Another wealthy individual in Romania is Ioan Niculae, who is the chairman of InterContinental Group, a conglomerate of investments in the agricultural sector and energy.
John Florescu is a Romanian-American businessman and investor who inherited his wealth from his family. Petru Fudda is a private investor and the former chairman of Transilvania Bank. Lastly, Bogdan Bucciali is the founder and chairman of Albalact, the country’s largest dairy producer.
Richest Man in Romania
According to Forbes, Romania’s wealthiest man is Ion Rosca, with a net worth of $900 million. Rosca had an impressive career in the energy sector before founding RoAir Group, which led to his immense wealth. He is currently the chairman and CEO of Rosca Group, a Romania-based private energy and asset management company. Rosca has also established a charitable foundation and supports various humanitarian causes.
Romania is a small, developing nation located in the heart of the European Union. Despite this, it is home to some of the wealthiest people in the world. This is due to various factors, such as investments and real estate. According to Forbes, there are nine Romanian billionaires with a combined net worth of $18 billion. The wealthiest of them is Ion Rosca, with a net worth of $900 million. Romania is proving that despite its economic challenges, it is still capable of producing successful individuals with immense wealth.
