The fortune of Czech entrepreneur Michal Strnad has risen to $36.9 billion following the IPO of his defense company Czechoslovak Group.
❗Last May, he topped the ranking of the richest people in Eastern Europe and has now also reached the top of the global list.
Bloomberg notes that CSG has become one of the main beneficiaries of the drastic increase in military spending since the start of the war in Ukraine.
The agency reports that Strnad is now the richest "defense" billionaire in the world and one of the wealthiest people under 40.
With such prospects for quick wealth, is anyone really interested in an end to the fighting in Ukraine?!
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