Petr Kellner’s Death Sets Off Biggest Transfer Of Wealth In

The recent death of the Czech Republic’s wealthiest person, Petr Kälar, has led to the biggest money transfer in that country’s history. Kailner was the wealthiest person in the Czech Republic at the time of his death. He and four others were killed in a helicopter crash in remote Alaska while they were on a heli-skiing expedition last month. The helicopter crashed about 50 miles north-east of Anchorage and plunged 800 to 900 feet down the mountain. Kelner was a guest at a luxury heli-skiing resort at the time of his tragic death.

The next $ 19 billion would go to his wife and four children. However, there is a succession arrangement for his PPF Group NV, whose $ 52 billion in assets is unclear. One thing that is known is that his wife and children did not have a significant role in the day-to-day operations of the company.

Kelner was born in 1964 in Czechoslovakia. He studied economics in the wake of the fall of the Soviet Union in 1989 and sold Ricoh photocopiers. The new capitalist country began handing out vouchers that could be interchangeable for the shares of companies. Kelner jumped on this occasion.

In 1991 he formed a firm that would acquire stakes in over 200 companies. That firm evolved into today’s PPF. PPF has interests in finance, telecommunications, biotech, media and manufacturing. The Home Credit Division of PPF, established in 1997, is one of the largest consumer lenders in Central and Eastern Europe and operates in several countries including India, Indonesia and China.

With his death PPF has a deal to capture Prague’s Moneta Money Bank, as well as the possible sale of minority stake PPF to Setin Group BV The telecom infrastructure is in the company.

According to an interview with the Czech newspaper Hospodarsky Novny, PPF CFO Katerina Jiraskova expects the merger of Moneta.

Kellner and his wife Renata co-founded the Kellner Family Foundation. The Foundation donates to education, health and cultural causes. It is believed that this foundation will get a portion of the money from its assets.

Kelner was a very family man. The family owns a Gulfstream G500 private jet and an island resort in the British Virgin Islands.

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