Latvia is a member of the WTO and EU. The nation’s currency is euro. Euro became the nation’s currency on January 1 2014, superseding Lats. Many millionaires live in Latvia.
Here is a brief overview of the top 10 millionaires of Latvia as of 2013, published by Pietiek.com.
10) Uldis Asars (LVL 37 million)
This Latvian businessman is the owner of AKZ (Aizkraukles Kokzagetava), a company that earns profits by investing in foreign markets. He also owns 60 percent of C22, a company that is into real estate property management.
9) Justs Nikolai Karlsons (LVL 42 million)
Justs Nikolai Karlsons is the owner of Omnium, Omnium Invest, Omnium Plus and Hotel Bergs. He is working on improving the services and infrastructure of his hotel.
=7) Vadim Telista (LVL 45 million)
Vadim Telista owns half of the pharmaceutical company Repharm. He has been among the top 10 millionaires in Latvia for many years.
=7) Joesph Apts (LVL 45 million)
Joesph Apts owns half of Recipe Plus and Sentor Farm. Recipe Plus is doing well. Its market-share is more than 30 percent. He also owns Soneil Studio beauty shop, half of AZ Group and Faraway real estate property.
6) Valery Maligin (LVL 50 million)
Valery Maligin is the owner and manager of OlainFarm, one of the biggest pharmaceutical companies in Latvia. The company is doing very well. OlainFarm bought 70.88 percent of shares in Silvanols. With its nearly 40 years of experience in the pharmaceutical industry, it is attracting the attention of many investors.
5) Arkady Sukharenko (LVL 51 million)
Arkady Sukharenko is the co-owner of Rietumu Bank. He owns 17 percent shares of the bank. His bank is benefiting from the residence permit program.
4) Arnis Riekstins (LVL 56 million)
Arnis Riekstins is the co-owner of Wi-Fi solutions company Mikrotikls. He owns 50 percent of the company. The company’s computer networking products are of high quality. Mikrotik RouterOS and Mikrotik RouterBOARD are its popular products.
3) Leonid Esterkin (LVL 100 million)
Leonid Esterkin is the largest owner of Rietumu Bank. He owns around 33 percent shares of the company. The bank has been using the residence permit program to earn profits. It is seeking to expand by attracting customers from nations like China. The bank is doing good business.
2) Ernests Bernis (LVL 162 million)
Ernests Bernis is he second largest owner of ABLV Bank. He has invested in the bank through his Cassandra Holding Company. He owns 99.92 percent shares of Cassandra Holding Company.
1) Olegs Fils (LVL 165 million)
Olegs Fils is the richest man in Latvia. He is the largest shareholder of ABLV bank. He has invested in the bank through his OF Holding. The successful running of the bank has played a major role in creating wealth for Olegs Fils. The decision to turn to servicing non-residents’ business is yielding excellent results. The bank has been investing heavily in an endeavor to consolidate its position in the market and to improve its financial position.
The above-mentioned Latvian millionaires are highly influential in the region.
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