Zsolt Felcsuti Explained

Zsolt Felcsuti
Birth Date:26 May 1971
Birth Place:Budapest
Nationality:Hungarian
Education:Corvinus University of Budapest
Occupation:Major shareholder
MPF Industry Group
Children:Gabor Felcsuti, Norbert Felcsuti

Zsolt Felcsuti (born 1971) is a Hungarian-born industrial investor and the major shareholder of the MPF Industry Group.[1] He is also Co-President of the Confederation of Hungarian Employers and Industrialists.[2] According to Forbes magazine, he is the 2259th richest person in the world with net worth of 1.2 billion USD. [3]

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.

Career

After years of working in Switzerland as sales and marketing manager[4] 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. According to Forbes Magazine, today this is the third biggest Hungarian owned family business,[5] with revenues of more than 800 million USD,[6] [7] with investments in East-Central Europe[8] and in the Far East,[9] seated in Singapore.[8]

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[5] and East Central Europe’s biggest heating device factory.[10] [11]

Family

Felcsuti is married with two sons, Gábor Felcsuti and Norbert Felcsuti.[12]

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.[13]

Additional information

He is the chairman of the jury of the "Díj a sikeres vállalkozásokért", launched in August 2013.[14]

He is fluent in English and German.

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

Notes and References

  1. Web site: 40th anniversary of the free trade agreement between Switzerland and the EU - Zsolt Felcsuti. Economie suisse.
  2. Web site: Who is who? - Zsolt Felcsuti. Confederation of Hungarian Employers and Industrialists.
  3. Web site: Zsolt Felcsuti. Forbes.
  4. Web site: Zsolt Felcsuti. European Forum Alpbach.
  5. Web site: 3 August 2015 . 3. The Felcsuti family's company empire of metal and plastic products . These are the Richest Hungarian Families . Daily News Hungary.
  6. Web site: Consolidated balance sheets and income statements. MPF Holding - Financials. 31 December 2019.
  7. Web site: 2013-12-31 "USD" - European Central Bank reference rates from 1999 to 2015. European Central Bank. 31 December 2013.
  8. Web site: index . MPF Holding.
  9. Web site: MPF Industry Group Business Report 2011 . MPF Holding.
  10. Web site: MPF Holding in talks to take over troubled FÉG. Budapest Business Journal and Absolut Media. 17 May 2011.
  11. Web site: FÉG takeover talks founder. Budapest Business Journal and Absolut Media. 18 May 2011.
  12. Web site: Ilona . Kocsi . 2011-05-08 . A magyar multi . 2022-09-10 . Világgazdaság . hu.
  13. Web site: 2022-08-31 . Sosem ért ennyit Mészáros Lőrinc csoportja, mégsem övé a legértékesebb családi cég – íme a friss lista . 2022-09-10 . Forbes.hu . hu.
  14. Web site: Díj a sikeres vállalkozásokért . 2022-09-14 . gazdasagidijak.kormany.hu.