Croatia News - CroatiaPress.com

Zagreb, May 23 (CP) – Croatian tycoon Ivica Todoric, who owns almost all business in Croatia has made it onto the list of the wealthiest men in the world and is currently no. 7.

Only six people in the world are better off than the Croatian tycoon and they are the Ikea owner Ingvar Kamprad, Mexican telecom owner Carlos slim Helu, Serb Miroslav Miskovic, Lakshmi Mittal of India who is the lord of steel, Bosko Srot, a Slovene master brewer and Oleg Deripaska from Russia.

The list was compiled by the Slovene Finance magazine, not using the same criteria as the Forbes magazine, but using its data. The criterion was the GDP of each country that those rich men come from.

Todoric made his base capital by flowers’ wholesale and through being at the right place at the right time during the period of company privatisation during the Tudjman regime managed to buy cheaply companies using cheap loans, as did most of those who make up the Croatian rich few.