The wealth of the 100 richest people in the region increased by two billion euros over the past year, according to a study by the magazine Nedeljnik titled “100 Richest in the Region.”
The list is dominated by people from Serbia (48), and there are a total of 20 billionaires.
“In the top 10 richest, there are four businessmen from Serbia and six from Croatia — the wealth of the four Serbians amounts to 9.8 billion euros, while the six Croatians total 10.9 billion euros,” Nedeljnik reports.
Traditional businesses such as trade and distribution, agriculture and the food industry, as well as construction and real estate, continue to dominate the region.
According to financial reports for 2024, the richest person in the region is Miroslav Mišković, owner of Delta Holding, with wealth exceeding three billion euros.
In second place is the Kostić family, owners of MK Group, with wealth exceeding 2.9 billion euros. Their fortunes grew during 2024, while third-ranked Silvio Kutić, owner of Infobip from Croatia, ranks third with 2.5 billion euros.
In fourth and fifth place are again billionaires from Serbia. Dejan Čakajac and Jadranka Stepanović, owners of Mozzart betting and pharmaceutical company Vega, have a combined wealth of 2.07 billion euros, according to Nedeljnik.
Petar Matijević, whose wealth comes from agriculture, is in fifth place with 1.8 billion euros.
The next six spots are held by Croatian businessmen, from Mate Rimac with 1.7 billion to Emil Tedeschi, owner of Atlantic Group, at 11th place with 1.6 billion euros.
Filip Cepter ranks 12th with 1.47 billion, while the owners of Sportvision, Borislav and Dragan Stanojlović, are 13th with 1.37 billion euros.
Other Serbians in the top 20 include Petar Matić, owner of Merkate VT (1.2 billion), Nelt owners Nebojša Šaponjić and Ranko Sočanac with a total wealth of 1.13 billion, and Dragan Šolak, co-owner of United Group, with 1.1 billion euros.
Also on the list are Novak Đoković at 65th place with 455 million euros and Nikola Jokić at 74th place with 385 million euros.
“This list of the 100 richest in the region was compiled by experts from two renowned consulting firms working on the New York Stock Exchange. They used the most reliable multipliers from Stern School of Business at New York University (and comparable companies), including market transaction results in the region and globally. Financial methodology and a range of tools were used to arrive at the most realistic company values. Quality data was considered — turnover, EBITDA, net profit, cash conversion was calculated, comparisons were made within the same industry among similar firms, and accumulated unreinvested profit was included. Our consultants collaborated with leading investment bank Hefestos Capital and its owner Stefan Petrović, using the bank’s company valuation methodology adapted to our region. The bank assisted with all analyses, and we believe this list reflects the closest approximation of reality.
The list of the 100 richest in the region was produced in collaboration with leading regional media: the Slovenian daily Finance (and the portal Finance Manager), the Croatian economic weekly Lider, the Bosnian daily Oslobođenje, and the economic portal Kapital from North Macedonia,” the methodology for calculating the wealth of regional businessmen was explained, noting that the wealth of Slovenian businessmen was not published due to a different methodology used by Finance.
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Source: Mondo, Foto: Reuters