 According to the same financial magazine, in 2006, he became the wealthiest Romanian, at $1.3-1.6 billion.Drăgan was involved in a series of controversies, including some alleged deals with the Securitate, his admiration of Romanian leader Ion Antonescu and being one of the main figures in the Protochronist current of Romanian historiography.Born in Lugos, Austria-Hungary (now Lugoj, Romania), Drăgan graduated from Law School at the University of Bucharest in 1938, and earned in 1940 a scholarship at the University of Rome, where he studied political science and economics, earning a Ph.D. in law.