According to Forbes’ list of the richest people: Benko’s wealth has halved since the summer

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Austrian billionaire René Benko (46) has suffered huge losses in assets, but still remains a billionaire: According to the US magazine “Forbes”, the assets of the founder of Signa have decreased by more than half in just a few months. It rose from US$6 billion in the summer to an estimated US$2.8 billion by the end of November. The 46-year-old man is 1,105th on Forbes’ list of global richest people, from 425th to 1,105th. fell back in line.

Forbes’ calculations also include the value of the shares each billionaire owns. Therefore, Benko’s wealth is primarily based on the stake Benko owns in Signa.

According to “Wirtschafts-Compass”, the private foundation of the Benko family directly and indirectly holds approximately 66 percent of Signa Holding GmbH. As the real estate group’s difficulties became increasingly evident in the autumn, the value of Benko’s Signa stake also fell.

Now the paintings and the yacht are for sale

It is not publicly known how high Benko’s net worth is outside of Signa. According to media reports, he is also the private owner of Signa properties such as the luxury resort “Eden Reserve” on the shores of Lake Garda.

Last week, it was announced that the Picasso and Basquiat paintings owned by Benko would be converted into cash. On Monday, an advertisement for Benko’s 62-meter-long yacht “Roma” with a sales price of 39.9 million euros appeared on the internet.

Over the last five years, Benko’s fortune has been estimated by Forbes at over four and a half billion dollars. In 2019, it was $4.9 billion. It decreased slightly in 2020 to $4.7 billion. It increased again to 5.6 billion dollars in 2021. And finally, in 2022, this figure is estimated to be 5.4 billion dollars. (SDA/sfa)

More about Rene Benko

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Does Signa deposit the balance sheet?

Bank Julius Baer is this deep in the Benko swamp

Who really is René Benko?

He goes shopping on his private jet as his empire collapses

Source :Blick

Tim

I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.