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Karel Komárek

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Karel Komárek
Komárek in 2023
Born
(1969-03-15) 15 March 1969 (age 55)

Hodonín, Czech Republic
Occupation(s)Businessman, philanthropist
Years active1992–present
Known forFounder of KKCG
Spouse
Štěpánka Komárková
​
(m. 2015)​
Children4

Karel Komárek (born 15 March 1969) is a Czech businessman worth $9.4 billion as of March 2024.[1] He is one of the wealthiest Czech citizens and the founder of the investment company KKCG.[2][3]

Personal life

Komárek was born in Hodonín, Czech Republic on 15 March 1969. He graduated in engineering and then worked briefly at Sigma Hodonín.[4]

Komárek married Štěpánka Komárková in 2015.[5][6][7] He was previously divorced before marrying Komárková.[6] He has four children, and resides in Verbier, Switzerland.[2][8][9] Komárek is considered an avid cyclist, rower and golfer.[10]

Business career

In 1992, he became an entrepreneur for the first time, founding the industrial valves wholesale company M.O.S. Hodonín with a start-up capital of CZK 300,000 borrowed from his father.[11][5] In 1995 Komárek founded the internationally active investment company KKCG.[3] In 1996, his company M.O.S. Hodonín changed its name to MOS Hodonín Morovia Systems and developed into a technology supplier for the mining industry, allowing Komárek to enter the energy business.[4][12] This was followed by the energy production company Moravské naftové doly (now MND Group), which now belongs to Komárek's investment company KKCG.[4]

Komárek is chairman of the board of trustees at the Karel Komárek Family Foundation, alongside his wife Štěpánka.[13]

KKCG

Komárek in 2023

KKCG's business activities comprise lotteries and gambling, energy, information technology, and investments. Its member companies include Allwyn, MND, ARICOMA Group, KKCG Real Estate Group, Springtide Ventures venture capital fund, and others.[14][15][16] As of 2022, KKCG operated in 33 countries.[5]

In 2012, KKCG became the sole owner of the largest Czech lottery company Sazka, which later served as the cornerstone for the establishment of Europe's gambling conglomerate, the Sazka Group.[14][17] In 2021, Sazka Group's mother company, Sazka Entertainment, rebranded to Allwyn.[18] Allwyn's portfolio includes Camelot UK, Camelot US (operators of the Illinois State Lottery), Opap (Greece and Cyprus), Casag (Austria), Sazka (Czech Republic), and Lottoitalia (Italy).[19]

KKCG has also made investments in information technologies[20] and is active on the real estate market. It has completed various "top rezidence" residential projects in Prague. In June 2021, it finished the Bořislavka Office and Shopping Center in the Prague 6 district.[21][22][23]

In 2023, KKCG opened a methanol factory in West Virginia through the company US Methanol, which was founded by KKCG in 2016.[24][25][26]

Wealth

In 2018, Bloomberg estimated Komárek's worth at $3.3 billion.[14][27] In 2019, Forbes ranked Komárek in 715th place among the world's billionaires with estimated worth of $3 billion;[28] in 2022, Forbes ranked him in 502nd place with estimated worth of $5.3 billion.[2] Bloomberg values his net worth at US$8.18 billion as of February 2023.[1]

Philanthropy

Komárek founded the Karel Komárek Family Foundation, which supports the Dvořák Prague International Music Festival,[29] which he co-founded in 2008,[30] and the Proměny Foundation. The Proměny Foundation focuses on the development of public space in the Czech Republic and in particular the reconstruction of parks and school gardens. The Foundation participated, among other things, in the reconstruction of the Park Střed in Most.[31]

In 2020, the Karel Komárek Family Foundation launched a project in which it donated instruments to Czech schools and purchased 11 pianos worth 200,000 euros from the Czech manufacturer Petrof to be donated.[32] At the same time he started a public collection of instruments for 45 other schools.[33][34] In 2023, the second fundraising campaign was launched to procure 21 instruments worth CZK 10.3 million, half of which will be raised by the KKFF.[35] In August 2021, it donated CZK 150 million to the reconstruction of Hodonín after the town was devastated by a tornado in June 2021.[36][37][38]

The Karel Komárek Family Foundation also supported the Gardens of Peace project in France in 2022, that commemorates the soldiers who died in the First World War.[39]

Komárek has received the Gold Medal in the Arts from the Kennedy Center International Committee on the Arts for his achievements in the field of art.[3] He and his wife have also supported the construction of the "Reach center" building in the Kennedy Center in 2019.[40][41][42]

In 2022, Komárek launched a project called "More than Equal" in Silverstone. Its aim is to find, train, and support the first female Formula One World Champion. Co-founder of the project is David Coulthard. "More than Equal" has since partnered with Motorsport Network to deliver a global survey on the state of motorsport.[43][44][45]

References

  1. ^ a b "World's Billionaires List". Forbes. Retrieved 7 August 2024.
  2. ^ a b c "Karel Komarek". Forbes Karel Komarek Profile. 8 January 2019. Retrieved 1 August 2019.
  3. ^ a b c Radu, Sintia (11 September 2019). "A Billionaire's advice: Embrace the arts". U.S. News & World Report. Retrieved 8 May 2023.
  4. ^ a b c "Král hazardu a ropy. Miliardář Komárek oslavil 50 let, podívejte se na jeho říši | Aktuálně.cz". Aktuálně (in Czech). 19 March 2019. Retrieved 8 May 2023.
  5. ^ a b c "Poznejte 5 nejbohatších Čechů, kteří se koupají v penězích". cdr (in Czech). Retrieved 8 May 2023.
  6. ^ a b "Co letos čeká naše (nejen) dolarové miliardáře? Souboj o německé uhlí nebo návrat ke kořenům" (in Czech). Forbes. Retrieved 9 September 2024.
  7. ^ Šimůnková, Petra (2 October 2022). "Ve víru katastrof. Čelí jim Štěpánka Komárková a nadace, kterou má s manželem". Forbes (in Czech). Retrieved 13 December 2022.
  8. ^ Davies, Rob (15 March 2022). "Karel Komárek profile: the entrepreneur who will run UK national lottery". The Guardian. Retrieved 15 March 2022.
  9. ^ "Karel Komárek prodal dům na Floridě za půl miliardy. Má devět koupelen". Seznam Zprávy. Retrieved 13 December 2022.
  10. ^ Mareš, Michael (6 May 2016). "After Making A Fortune At Home, Czech Billionaire Karel Komarek Makes A Play In America". Forbes. Retrieved 8 May 2023.
  11. ^ Andrea Hodoschek: Kampf um die Casinos: Showdown der Milliardäre. In: Kurier, p. 8. 1. December 2019.
  12. ^ Wer steht hinter der Sazka Group? In: Österreichischer Rundfunk. 15. December 2019.
  13. ^ "Karel Komárek Family Foundation - About the Foundation". Karel Komárek Family Foundation - Every potential deserves a chance to be developed. Retrieved 5 May 2023.
  14. ^ a b c Alexander, Sophie (30 October 2018). "The Billionaire Who Took a Bet on Lotteries to Live the Dream". Bloomberg.
  15. ^ Mares, Michael. "Dvorak And Methanol. Odd Combo That Makes Perfect Sense for Czech Billionaire". Forbes. Retrieved 1 August 2019.
  16. ^ Lopatka, Jan (21 January 2022). "European lottery group Allwyn to list on NYSE with blank check firm Cohn Robbins". Reuters. Retrieved 14 February 2022.
  17. ^ "Czech investors divide up lottery group Sazka". Reuters. 14 March 2019. Retrieved 1 August 2019.
  18. ^ Orme-Claye, Ted (8 December 2021). "Sazka Entertainment renamed Allwyn in global rebranding". SBC News. Retrieved 14 February 2022.
  19. ^ Blomefield, Anna (20 January 2022). "Just The Ticket: It's One Small Step Per Day for Entrepreneur Karel Komárek". Vanity Fair. Retrieved 24 May 2023.
  20. ^ "KKCG buying 70 % of IT holding AutoCont". Prague Monitor. 20 October 2017. Archived from the original on 17 June 2019. Retrieved 30 September 2020.
  21. ^ "KKCG invests several billions into Top Rezidence projects in Prague". Prague Monitor. Retrieved 30 September 2020.
  22. ^ "Otevírá komplex Bořislavka Centrum, nabídne obchody i umění". MediaGuru (in Czech). Retrieved 8 September 2021.
  23. ^ "Komárkova Aricoma jde na západ. Její šéf Sameš vyhlíží kyberpunkovou budoucnost". Forbes (in Czech). 19 March 2021. Retrieved 14 February 2022.
  24. ^ Ewers, Josh (24 April 2023). "Institute's US Methanol plant celebrates near-full operational status". Charleston Gazette-Mail. Retrieved 24 May 2023.
  25. ^ "Komárkova KKCG spustila v USA továrnu na metanol. Investice přesáhla pět miliard". Forbes (in Czech). 25 April 2023. Retrieved 24 May 2023.
  26. ^ "KKCG Karla Komárka spustila miliardovou fabriku na metanol v Západní Virginii". Newstream (in Czech). 25 April 2023. Retrieved 24 May 2023.
  27. ^ McLean, Craig (6 November 2019). "Washington's democratic revolution in the arts: How the REACH centre is opening culture to new audiences". Evening Standard.
  28. ^ "Karel Komárek". Forbes. Archived from the original on 3 October 2019. Retrieved 22 February 2022.
  29. ^ Masek, Jaroslav (8 September 2020). "Miliardář Komárek kupuje piana Petrofu, která odmítla Čína. Dá je českým školám - Seznam Zprávy". Seznamzpravy (in Czech). Retrieved 8 May 2023.
  30. ^ Robehmed, Natalie. "A Modern Day Patron: Czech Billionaire Karel Komarek's Pledge To Dvořák". Forbes. Retrieved 8 May 2023.
  31. ^ Beneš, Jan (4 January 2022). "Letos by měla začít přestavba parku Střed v Mostě, vyjde na více než 60 milionů korun". Czech Radio (in Czech). Retrieved 8 May 2023.
  32. ^ Atlas, Matt (9 September 2020). "Komarek Buys Piano's Rejected By China Over Taiwan Row". Prague Business Journal.
  33. ^ Saiver, Filip (21 September 2020). "Čína je odmítla, Komárek koupil. Teď se o klavíry Petrof uchází přes 400 škol". Forbes (in Czech). Retrieved 8 May 2023.
  34. ^ Masek, Jaroslav (24 November 2020). "Komárek rozjel sbírku Piana do škol. Průměrné stáří nástrojů je 49 let - Seznam Zprávy". Seznamzpravy (in Czech). Retrieved 8 May 2023.
  35. ^ Zunová, Andrea (21 February 2023). "Projekt Piana do škol pomáhá i letos". Novinky.cz (in Czech). Retrieved 8 May 2023.
  36. ^ Turek, Petr (8 September 2021). "Mecenáš rozdává miliony: pomohou obnovit Hodonínsko po tornádu". Hodonínský deník (in Czech). Retrieved 8 May 2023.
  37. ^ "Komárek pošle "svému" Hodonínsku 150 milionů korun - Novinky". Novinky (in Czech). 25 June 2021. Retrieved 8 May 2023.
  38. ^ "Nadace manželů Komárkových rozdělí 150 milionů na pomoc postiženým tornádem". E15 (in Czech). 7 September 2021. Retrieved 8 May 2023.
  39. ^ Faikis, Marcel (11 November 2022). "Fotky zahrady na památku legionářů. Francie uctila československé hrdiny". Seznam Zprávy (in Czech). Retrieved 24 May 2023.
  40. ^ Mareš, Michael (8 September 2019). "Česká stopa ve Washingtonu. Komárek pomohl postavit nové centrum umění JFK". Forbes (in Czech). Retrieved 5 May 2023.
  41. ^ "Manželé Komárkovi se podíleli na vzniku Kennedyho nového centra umění ve Washingtonu". Lidovky (in Czech). 9 September 2019. Retrieved 12 May 2023.
  42. ^ Zedník, Josef. "Ve Washingtonu slavnostně otevřeli REACH, novou část Kennedy Centra pro umění". Klasikaplus (in Czech). Retrieved 12 May 2023.
  43. ^ "More Than Equal launches Global Attitude Survey". Motorsport. 11 January 2023. Retrieved 24 May 2023.
  44. ^ Francis, Anna (17 August 2022). "Why Coulthard's plan to support a future female F1 driver isn't a 'token gesture'". RacingNews365. Retrieved 24 May 2023.
  45. ^ Curi, Mandy (22 November 2022). "More Than Equal aims to offer females a shot into F1 within 10 years". Motor1. Retrieved 24 May 2023.
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