Bloomberg Billionaires Index

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#482 Andrej Babis $4.09B

Random fact: Uses Bell & Ross watch.


Babis is founder and sole owner of Agrofert, a Czech conglomerate with investments in chemicals, agriculture, food processing and forestry. The Prague-based company controls more than 250 subsidiaries in 18 countries and had revenue of $5.7 billion in 2016. Babis was Czech Republic's finance minister from 2014 to 2017.

As of Oct. 23, 2017:
Last change +$35.6M (+0.9%)
YTD change +$1.11B (+37.1%)
Industry Industrial
Biggest asset Agrofert
Citizenship Czech Republic
Age 63
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Andrej Babis's net worth of $4.09B can buy ...

troy ounces of gold
barrels of crude oil

... and is equivalent to ...

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

Latest News

Net Worth Summary

Private asset
Public asset
Misc. liabilities
Confidence rating:

Babis's fortune is derived from his sole ownership of Agrofert, a Prague-based conglomerate with investments in the chemical industry, agriculture, food processing, forestry. The business has more than 250 subsidiaries and 34,000 employees working in 18 countries, and reported sales of $5.7 billion in 2016, according to its official financial report.

Agrofert is valued using its 2016 financial results and the average enterprise value-to-Ebitda multiple of five publicly traded peers: Yara International, Agrium, Bunge, Aryzta and Bell. A liquidity discount of 20 percent is applied because of a lack of transparency and the limited peer group available for comparison.


Birthdate: 9/2/1954
Family: Married, 4 children
Education: Economic University of Bratislava, Graduated

Andrej Babis was born in Bratislava, in what was then called Czechoslovakia, in 1954. He graduated from the business faculty at Bratislava University of Economics in 1978 and started working for chemical company Chemapol Bratislava, later renamed in Petrimex, an importer of oil and chemical products to Slovakia.

He worked in Morocco as representative of Petrimex from 1985 to 1991, and returned to Bratislava, in what is now Slovakia, in 1991, becoming the company's general director. He moved to Prague in 1993 and founded Agrofert, as a subsidiary of Petrimex, later acquiring the business outright through a secretive takeover involving Swiss-registered holding companies with opaque funding. A lawsuit in the Czech Republic that targeted the deal was later rejected.

In subsequent years through series of purchases and acquisitions, Babis has transformed Agrofert into conglomerate with more than 250 subsidiaries operating 18 countries.

In 2011, the billionaire created a political party called ANO -- the Czech word for “yes” -- an acronym that stands for Action of Disgruntled Citizens. After Babis spent lavishly on advertising in elections two years later, ANO finished second and he was appointed finance minister.

Babis remains the sole shareholder of Agrofert and since taking the government post spurned allegations of conflicts of interest, including the rejection of calls from Prime Minister Bohuslav Sobotka to sell his holdings. Sobotka sought Babis’s removal, also accusing him of past tax evasion. The two have been at odds for months. In May 2017, Babis was formally dismissed by Czech President Milos Zeman.

He lives with his wife in Pruhonice near Prague.

  • 1954 Andrej Babis is born in Bratislava, Czechoslovakia.
  • 1978 Starts working for chemical company Chemapol Bratislava (later Petrimex).
  • 1985 Moves to Morocco office of Petrimex.
  • 1993 Founds Agrofert in Prague with four co-workers.
  • 2012 Becomes chairman of ANO political party.
  • 2013 His ANO party gets 19 percent of vote in parliament election.
  • 2014 Appointed finance minister of the Czech Republic.
  • 2017 Dismissed by Czech President Milos Zeman.