The Czech business tycoon Petr Kellner is the richest person in the Czech Republic. In 1986, Kellner received his undergraduate degree from the University of Economics in Prague. In March 2015, he was estimated to have a net worth of $8.3 billion according to Forbes ’, making him the wealthiest person in the Czech Republic and the 106th richest person in the world as of 2014. In 1991 he founded the investment fund PPF. The funds were very successful and purchased stock of more than 200 corporations with nominal value 5 billion CZK. By 2013, Kellner was the majority owner of the PPF Financial Group where he held 98.94% of the company. Kellner’s wealth has consistently grown since 2006, when he was listed as the 224th wealthiest person in the world. By 2007, he became the 76th.