Pavel Tykač, Date of Birth, Place of Birth
TweetPavel Tykač
Czech billionaire and entrepreneur
Date of Birth: 15-May-1964
Place of Birth: Čelákovice, Central Bohemian Region, Czech Republic
Profession: investor
Nationality: Czech Republic
Zodiac Sign: Taurus 
About Pavel Tykač
- Pavel Tykac (born 15 May 1964 in Celákovice) is a Czech entrepreneur and investor with long-term experience in the energy sector.
- At present, he is the sole owner of Sev.en Energy Group, a major player in the Czech energy market which is planning to expand to the European energy market.
- His wealth is estimated at US$1.03 billion, which according to Forbes magazine makes him the fifth richest person in the Czech Republic (Forbes rankings 2015).
- Together with his wife, Pavel Tykac is significantly engaged in charity projects and support for the North Bohemian Region and the Pardubice Region.Pavel Tykac started his entrepreneurial career after the Revolution by sale of computer technology.
- In the beginning of the 90s he and his partners established Vikomt company which had a great break through on the market.
- He sold his share of the company in the middle of the 90s.
- He used the acquired money to buy at the time small Regiobanka in Karlovy Vary (today`s Hypotecní banka); he subsequently sold it to IPB at a very advantageous price.
- Already at that time he was considered to be a very rich man.
- In 1995 he participated in the creation of free community of investors around Motoinvest whose participants gained shares in several banks and investment funds thanks to buying cheap shares after the privatization.
- Forced termination of their activities has led to the rapid sale of assets of the majority of participants in this community.
- At the turn of the millennium, after several years in seclusion, Tykac returned to the world of big business.
- Share trades (mainly electricity company CEZ and Telefónica) and currency rate movement speculations are probably the biggest source of Tykac`s billion-dollar assets.In 2006, he entered the energy sector by investing in a minority stake in the Czech Coal mining group.
- In 2010, he became its sole owner.
- During that period, Pavel Tykac significantly developed the company in the energy sector and, primarily, invested in the know-how in assets and energy market.
- In 2013, he bought the Chvaletice Power Station, creating a new entity in the domestic energy market.
- In 2017, he completed a commercially successful period with several major contracts, rebranding Czech Coal to Sev.en Group.
- In 2018, he decided to enter the European energy market through the emerging Sev.en Energy (SE) holding, which relies on renowned experts.
- The new company will focus on investing in innovative technologies in energy, as well as in operating and innovating conventional resources that will enable European energy systems to switch to renewable resources in the long run.
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