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March 4, 2021
BUSINESS

Ioan Niculae, the only Romanian on Forbes World’s Billionaires list

Ioan Niculae, owner of the InterAgro Group, is the only Romanian that made it on the 2013 Forbes World’ Billionaires list, with an estimated wealth of USD 1.1 bln. He ranks 1,268th worldwide. Dinu Patriciu, who ranked 854 last year, no longer made it on the list this time.Dinu Patriciu’s fortune was assessed at USD 1.5 bln, down USD 700 M, from 2011. Patriciu is known for his role in the development of the Rompetrol Group and its selling later on to Kazakh state-owned KazMunaiGaz company. Frank Timis, another Romanian on the Forbes list last year, with an estimated fortune of USD 1.1 bln in 2011, no longer appears on the list in 2012 and 2013.  “Ioan Niculae returns to the Forbes Billionaires list with soaring sales at Interagro, the agricultural and fertilizer conglomerate he founded. Over the past year, he invested nearly USD 50 million in a cogeneration plant, part of his long-term strategy to reduce energy costs and begin to resell excess capacity. Niculae also owns a private plane operator. He got his start at a state-owned agricultural company, then branched out on his own. Niculae is an avid hunter, who prefers home to travel,” Forbes wrote about the Romanian businessman.

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