Radovan Vítek Net Worth

Radovan Vítek has an estimated net worth of $6.8 billion, according to Forbes Real-Time Billionaires, Radovan Vítek profile (figures as of October 20, 2026). That is up from $3.5 billion in 2019.

Radovan Vítek is a Czech real estate investor known for building CPI Property Group into a major property company. He began in Slovakia during voucher privatization in the 1990s, then returned to the Czech Republic in 1997. In 1996, he bought an investment fund called Boleslavsko and turned it into the vehicle that became CPI. Over time, the business grew from local property deals into a large real estate platform across Central and Eastern Europe.

His wealth comes from commercial and residential property. In the early 2000s, CPI bought a broad mix of real estate and land in the Czech Republic and Slovakia, with a strong focus on retail as the Czech Republic moved toward the European Union in 2004. During the downturn, he added more office assets. In 2014, CPI and GSG Group were combined into CPIPG in its current format, creating one of the region's largest real estate groups.

How Radovan Vítek makes money

Vítek made his fortune in real estate. Forbes says his source of wealth is real estate, and CPI Property Group is the center of that story. The company owns a €9.8 billion property portfolio with 418 properties, including offices, retail, 12,306 residential units and 10,488 hotel beds. Forbes also notes that CPI owns 1 million square meters of property in Berlin, plus assets in Budapest, Croatia, the Cote d'Azure and Poland, including shopping centers.

His business expanded in stages. After starting in the 1990s, he moved back to the Czech Republic in 1997 and took over a cooperative, later turning its headquarters into a luxury hotel. In the early 2000s, CPI built a wider property base in the Czech Republic and Slovakia. The company later added more offices during the downturn. Through a subsidiary, CPI also owns and runs ski lifts, shops, restaurants and other businesses in Crans Montana.

Forbes wealth updates

Forbes tracked a long rise in Vítek's fortune through the 2020s. Its World's Billionaires List estimated his wealth at $3.5 billion in 2019, $4 billion in 2020, $4.8 billion in 2021, $5.8 billion in 2022, $6.5 billion in 2023, $6.7 billion in 2024, $6.6 billion in 2025 and $7.2 billion in 2026. Those moves followed years when CPI grew into a larger cross-border property owner.

The latest reading is lower than the 2026 annual list figure, but still places him among the richest people tied to Czech real estate. Forbes put him at $6.8 billion on its real-time billionaires tracker as of October 20, 2026. That estimate fits the same broad business picture: a self-made investor with major exposure to offices, retail, housing and hotels through CPI Property Group and property holdings across several European markets.