Zsolt Felcsuti

Zsolt Felcsuti (born 1971) is a Hungarian-born industrial investor and the major shareholder of the MPF Industry Group.[2] He is also Co-President of the Confederation of Hungarian Employers and Industrialists.[3] In 2022, he has been the 34th most influential person in Hungary.[4]

Zsolt Felcsuti
Born (1971-05-26) May 26, 1971
Budapest
NationalityHungarian
CitizenshipHungarian
EducationCorvinus University of Budapest[1]
Occupation(s)Major shareholder
MPF Industry Group
ChildrenGabor Felcsuti, Norbert Felcsuti

According to Forbes magazine, his corporation is the first, biggest Hungarian-owned family business with an estimated value of HUF 401.9 billion (USD 1.1 billion). in 2022,[5] In 2022, he has been ranked as the 3rd richest person in Hungary, with an estimated wealth of between HUF 286.4 billion[6] and HUF 345 billion[7] (USD 0.671 billion and USD 0.863 billion).

Early life

Zsolt Felcsuti is the son of Csaba Felcsuti, who was an engineer and started the company which is now operated by his son. He studied economics at Corvinus University of Budapest.[1]

Career

After years of working in Switzerland as sales and marketing manager[8] Felcsuti came back to Hungary, to find business opportunities for his father’s small enterprise, which was specialized in the production of metal and plastic industry products.[1] According to Forbes Magazine, today this is the third biggest Hungarian owned family business,[9] with revenues of more than 800 million USD,[10][11] with investments in East-Central Europe[12] and in the Far East,[13] seated in Singapore.[12]

Felcsuti did not privatize any companies, but built a self-created business model based on the East-Central European and Far Eastern labor market and manufacturing sector. He owns one of the largest abrasive products manufacturing company in Europe[9] and East Central Europe’s biggest heating device factory.[14][15][16]

Family

Felcsuti is married with two sons, Gábor Felcsuti and Norbert Felcsuti.[17]

Felcsuti family's holding, with an estimated value of HUF 401.9 billion (1.1 billion USD), is Hungary's most valuable family business, ranking at the top of Forbes' 2022 ranking.[5]

Additional information

Felcsuti has conservative values and is right-wing.[17]

According to the 2022 Befolyás-barométer, Felcsuti is the 34th most influential person in Hungary, up 2 places from the previous year.[4]

He is the chairman of the jury of the "Díj a sikeres vállalkozásokért", launched in August 2013.[18]

He is fluent in English and German and speaks Russian.[17]

He spends most of the year in Switzerland, Hungary and Spain.

References
  1. Corporate profile: MPF venture may be hard cell, Financial Times, 15 December 2006
  2. "40th anniversary of the free trade agreement between Switzerland and the EU - Zsolt Felcsuti" (PDF). Economie suisse.
  3. "Who is who? - Zsolt Felcsuti". Confederation of Hungarian Employers and Industrialists.
  4. A 100 Leggazdagabb magyar 2022 (ISSN 1789-2570) 153. p.
  5. "Sosem ért ennyit Mészáros Lőrinc csoportja, mégsem övé a legértékesebb családi cég – íme a friss lista". Forbes.hu (in Hungarian). 2022-08-31. Retrieved 2022-09-10.
  6. "#3 – Felcsuti Zsolt". forbes.hu. Retrieved 2022-09-10.
  7. "Kijött a friss lista: íme a 100 leggazdagabb magyar". Portfolio.hu (in Hungarian). Retrieved 2022-09-10.
  8. "Zsolt Felcsuti". European Forum Alpbach.
  9. "3. The Felcsuti family's company empire of metal and plastic products". These are the Richest Hungarian Families. Daily News Hungary. 3 August 2015.
  10. "Consolidated balance sheets and income statements". MPF Holding - Financials. 31 December 2019.
  11. "2013-12-31 "USD" - European Central Bank reference rates from 1999 to 2015". European Central Bank. 31 December 2013.
  12. "index". MPF Holding.
  13. "MPF Industry Group Business Report 2011" (PDF). MPF Holding.
  14. "MPF Holding in talks to take over troubled FÉG". Budapest Business Journal and Absolut Media. 17 May 2011.
  15. "FÉG takeover talks founder". Budapest Business Journal and Absolut Media. 18 May 2011.
  16. Production to restart at troubled FEG Konvektorgyarto, Budapest Business Journal and Absolut Media, 15 August 2011
  17. Ilona, Kocsi (2011-05-08). "A magyar multi". Világgazdaság (in Hungarian). Retrieved 2022-09-10.
  18. "Díj a sikeres vállalkozásokért". gazdasagidijak.kormany.hu. Retrieved 2022-09-14.
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