Top billionaire died in helicopter crash

He came in at number 68 of Forbes 2020 billionaires, with a net worth of $17.5 billion

The Czech Republic's richest man, Petr Kellner, has died in a helicopter crash in Alaska. Alaska State Troopers said that the crash occurred near Knik Glacier northeast of Anchorage. The causes of the crash are still being investigated.


PPF said in a statement that "We announce with the deepest grief that, in a helicopter accident in Alaska mountains on Saturday, March 27, the founder and majority owner of the PPF group, Mr Petr Kellner, died tragically."


The 56-year-old billionaire was an important personality of the Czech post-communist era and came in at number 68 of Forbes 2020 billionaires, with a net worth of $17.5 billion (€14.8 billion).


Kellner started his business selling copy machines. The PPF is currently acquiring a stake in Moneta Money Bank and has proposed merging it with its Air Bank and parts of Home Credit. Moneta shares were down 2.7% in morning trade.

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