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Ion Tiriac bewilders Americans with his fortune. How the Romanian billionaire became rich

Former tennis player Ion Tiriac has managed to affect with wonder the American journalists with his fortune worth two billion dollars. US portal Celebrity Net Worth has published the ranking of the world’s richest former athletes which, to the surprise of many, Ion Tiriac leads at a great distance. With a fortune the cited source estimates at USD 2 bn, Tiriac decisively overtakes former basketball player Michael Jordan, whose assets are appraised to be worth USD 1 bn. ‘He’s The Richest Former Pro-Athlete In The World… And You’ve Never Heard His Name’ –is the headline of the article in the American publication. The source notes that Michael Jordan was making USD 274,000 per day ‘without having to lift a finger’, and still he cannot get anywhere Ion Tiriac. The US publication furthermore presents Ion Tiriac’s sportive career which it calls ‘remarkable’.

‘Ion Țiriac was born on May 9, 1939 in Transylvania Romania. As such, when he started to slay opponents on the tennis courts later in life, he appropriately earned the nickname “Count Dracula”. But before he became a tennis star, Ion was a star player for Romania’s national ice hockey team. He even represented Romania at the 1964 Olympic Games in Austria. Shortly after returning from Austria, Ion made the decision to switch to professional tennis’, reads the quoted source.

 

‘He had the money, experience, fame, connections and guts’

 

The journalists describe Tiriac’s career as being respectable. ‘Respectable enough that when Ion retired in 1980, he was a hot commodity as a coach and manager. He immediately became Ilie Năstase’s full time coach and eventually went on to coach for superstars such as Mary Joe Fernández, Guillermo Vilas, Marat Safin, Steffi Graf, and Goran Ivanišević. Between 1984 and 1993, Ion personally orchestrated Boris Becker’s ascent to become the #1 ranked player in the world (1991)’, reads Celebrity Net Worth.

‘He had the money, experience, fame, connections and guts to strike while the iron was very hot. Ion knew there would soon be many opportunities to bring capitalist-driven businesses to formerly communist countries like Romania’, reads the quoted source.

“In 1990, Ion founded Banca Țiriac (yup, he named it after himself), the very first privately owned bank in post-communist Romania (…) In 1990, Ion founded the Madrid Open. It has since grown into one of the most important tournaments in the tennis world. (…) Banca Ţiriac merged several times over the years to eventually become what it is today, UniCredit Ţiriac Bank. UniCredit Ţiriac Bank is one of the largest banks in Romania”, reads Celebrity Net Worth.

 

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