The nine richest Romanian businessmen on the Stock Exchange havea fortune put at over half a billion euros on the Romanian marketin more than 60 listed companies. Their fortune accounts for just4,2% of the Stock Exchange capitalisation, which stands at 13billion euros. However, none of them came to the Stock Exchangewillingly, but took over companies that had already been listed,especially on the RASDAQ market, where companies were privatisedvia MEBO (Management and Employee Buyouts) over 10 years ago. Aportion of the companies were taken over via privatisationprogrammes or later, when the companies were experiencing problemsbecause of weak management. Some of the Romanian businesspeoplebecame aware in time that they could make good money on the StockExchange and took advantage of the booming market in 2007-2008 toraise millions of euros from shareholders. The major businessmen,such as Ion Ţiriac, Dinu Patriciu and Gheorghe Copos keep away fromthe Stock Exchange because they do not want investors rummagingthrough their records and analysts going into too many details.Romania's millionaires also stay away from the Stock Exchangebecause of recent scandals started by several minority shareholderswho dragged the companies into dozens of court cases that tend tostretch out for several years. The Stock Exchange has, however,made a few millionaires. One such example is Cătălin Chelu, whofirst became a millionaire from SIF (Financial InvestmentCompanies) investments, and then expanded his business, andacquired tens of companies he uses as investment vehicles.
The nine billionaires are as follows: Cătălin Chelu (14companies - 126 million RON), Cristescu brothers (8 companies - 648million RON), Ştefan Vuza (7 companies - 281 million RON), IlieCarabulea (6 companies - 267 million RON), Gheorghe Călburean (5companies - 337 million RON), Ovidiu Tender (5 companies - 228million RON), Constantin Boromiz (5 companies - 110 million RON),Cristian Burci (4 companies worth 80.4 million RON), Dan Adamescu(2 companies worth 295 million RON).
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