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Czech Billionaire Kellner Killed in Alaskan Helicopter Crash

  • Kellner started investment group PPF after fall of communism
  • PPF negotiating bank merger, mulling telecoms unit IPO
Petr Kellner
Petr KellnerPhotographer: Jirasek Vaclav/CTK/PPF
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Petr Kellner, the reclusive Czech billionaire who built a business empire with $52 billion in assets over three decades to become the country’s richest man, died in a helicopter crash in Alaska. He was 56.

Kellner was among five people killed in the March 27 crash of the Airbus AS350 B3 chopper, which went down near the Knik Glacier in Alaska, according to local authorities. One passenger survived and is in stable condition. Kellner had been on vacation at a remote luxury lodge located 40-minute flight from Anchorage, according to a statement cited by the Associated Press.