- 7 Sep 2020 8:31 AM
- Daily News Hungary
Forbes looked at companies where the majority of the owners and management were related, and 50% of the shares belonged to the same family. Where possible, they calculated with EBITDA to show the companies’ ability to generate money.
They used industry multipliers and then deducted the company’s liabilities from the value and added its cash balances.
Publicly available data was used which was consolidated in most cases, where it was not, researchers consolidated the results based on the available information These are the Top 5 family businesses in Hungary in 2020:
1. Mészáros Group Opus Global, Talentis Group, Talentis Agro, Status Capital and Fejér B.Á.L.
Family: Lőrinc Mészáros and his family
Estimated value: 703,500,000 Euros (252.3 billion forints)
2. MPF Holding
Family: Zsolt Felcsuti and his family
Estimated value: 565,000,000 Euros (202.6 billion forints)
3. Bonafarm Group
Family: Sándor Csányi and his family
Estimated value: 295,000,000 Euros (105.6 billion forints)
Headquarters: Budapest (Pécs, Szeged, Bóly, Nádudvar, Mohács, Szentes)
4. Budapesti Ingatlan (BIF) Ltd.
Family: Mária Schmidt and her family
Estimated value: 238,000,000 Euros (85.5 billion forints)
5. Jász-Plasztik Ltd.
Family: Kasza family
Estimated value: 233,000,000 Euros (83.6 billion forints)
Daily News Hungary, Forbes
Photo of Lőrinc Mészáros (left) with PM Orbán / Courtesy of kormany.hu