Poland's sole billionaire returns to ranks after a one-year hiatus with successful listing of his digital television platform Cyfrowy Polsat.
Poland's sole billionaire returns to ranks after a one-year hiatus with successful listing of his digital television platform Cyfrowy Polsat. Enthusiasm for the stock, which is up 23%, lifted his fortune in an otherwise dismal year; Poland's WIG index is down 51% and the 6 Polish billionaires from 2008 all dropped off the list. Controls Polsat, now one of the nation's biggest television stations. Deal to sell a 25% stake of Polsat TV to Germany's Axel Springer for $325 million and list shares failed when parties could not agree on price. Also owns shares in Invest Bank, pension fund PTE Polsat, pharmaceutical Bioton and TV producer ATM Grupa. Shares in Elektrim challenged in court. Began importing cars from the then East Germany in the 1980s; moved into media in 1992.