Romanian investors Dinu Patriciu (in picture) and Frank Timis are the only Romanians who have been included in this year's edition of Forbes' billionaires top. Last year, Romania had two more representatives in the top: Ion Tiriac and Ioan Niculae, who are no longer listed this year.
Dinu Patriciu ranks 540th, with an estimated net worth of USD 2.2 billion. Last year, Patriciu ranked 437th. Frank (Vasile) Timis ranks on the 1,057th position in the Forbes top, with a wealth estimated at USD 1.1 billion.
Forbes about Dinu Patriciu:
Using cash from sale of his oil company Rompetrol to Kazakhstan's state-owned energy operator KazMunaiGaz in 2008 to expand in energy, real estate and retail. His Marexin plans to spend up to $1 billion exploring oil and gas in Black Sea. Developing grocery stores across Romania called Mic.ro network; in August bought Minimax hypermarket chain. Also set up Bet-Caffe, a sports betting agency last spring. Owns Adevarul Holding media trust, which publishes Forbes Romania under license from Forbes Media LLC. Via his foundation, founded in 2007, grants scholarships from high school level to Phd students; also sponsors education awards for innovative teaching.
Forbes about Frank Timis:
Oil and minerals investor debuts on the billionaires list this year thanks to stakes in three public companies: African Minerals, African Petroleum Corp. and International Petroleum, which extracts oil and gas in eastern Kazakhstan; the latter two companies are listed on Australia's National Stock Exchange. Was born in Romania, began working in mining industry in Western Australia at age 16. Now based in London. Has had a controversial past; while heading up UK-listed Regal Petroleum in 2009, company was fined nearly $1 million by UK authorities for issuing misleading statements about its oil reserves. Owns two Bombardier Challenger 604 airplanes.
Check out the entire Forbes top, lead by Mexican Carlos Slim Helu and his family, with an estimated wealth of USD 74 billion, here.