Bloomberg Billionaires Index

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# 294 Karel Komarek $7.39B

Random fact: Started his first business with a $10,000 loan from his father.

Overview

Komarek is the founder and owner of KKCG, a Czech conglomerate. The Prague-based company's biggest division is Allwyn, an operator of lotteries in Austria, Czech Republic, Greece and Italy. It also controls Aricoma, an information technology company, and has interests in oil, natural gas and real estate.

As of :
Last change -$17.7M ( -0.2%)
YTD change -$1.78B ( -19.4%)
Biggest asset Allwyn
Country / Region Czech Republic
Age 53
Industry Diversified
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Karel Komarek's net worth of $7.39B can buy ...

0
troy ounces of gold
0
barrels of crude oil

... and is equivalent to ...

0%
of the GDP of the United States
0%
of the total wealth of the 500 richest people in the world
0%
of the top 100 U.S. college endowments
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of the top 200 U.S. executives’ total awarded compensation
0%
of U.S. existing home sales
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times the median U.S. household income

Latest News

Net Worth Summary

Cash
Private asset
Public asset
Misc. liabilities
Confidence rating:

The majority of Komarek's fortune is derived from his stake in Allwyn, a lottery and gaming group. Komarek controls the company, formerly known as Sazka, through his Prague-based conglomerate KKCG. Allwyn has interests in its home country as well as Greece, Austria, Italy and the UK. Komarek is the owner of KKCG, according to its website.

KKCG also controls the MND Group, an oil & gas exploration and production company. It's using 2020 financial results and the average enterprise value-to-Ebit and enterprise value-to-sales multiples of two publicly traded peers: MOL Hungarian Oil & Gas PLC and Polski Koncern Naftowy ORLEN SA.

The billionaire's other assets include Aricoma, an information and communications technology group, and US Methanol, a producer of methanol to industrial consumers.

Dana Dvorakova, KKCG spokeswoman, declined to comment on the net worth calculation.

Biography

Birthdate: 1969
Family: Married, 4 children

Karel Komarek was born in Hodonin, Czech Republic, in 1964. He started selling industrial fittings with his father following the end of communism in his home country.

He established an oil and gas venture in 1992 and in 2004 his KKCG group became the majority shareholder of Fischer, a Czech travel agency that he sold in 2020.

KKCG became the sole owner of the largest Czech lottery company, Sazka, 2012. This would become the cornerstone of a pan-European lotteries group. Allwyn, as Sazka became known, was awarded a UK lottery license in 2022.

Komarek lives in Verbier, Switzerland, with his wife, Stepanka Komarkova.

Milestones
  • 1969 Karel Komarek is born in Hodonin, Czech Republic.
  • 1992 Starts his first business, selling industrial fittings.
  • 1995 Karel Komarek founds KKCG group.
  • 2012 KKCG becomes the sole owner of the largest Czech lottery company, Sazka.