Billionaire Profile
Michal Strnad
Global Rank
#277

Image: Public domain | via Wikimedia Commons

Michal Strnad

CEO, Czechoslovak Group (CSG)
CZ
Real-Time Net Worth
$10.7B
As of December 2025
Age
33
Source
Defense Contracting
Industry
manufacturing
Citizenship
CZ

Biography

Michal Strnad is a 33-year-old Czech entrepreneur and the owner and Chairman of the Board of Directors of Czechoslovak Group (CSG). His source of wealth stems from defense contracting and manufacturing. Under his leadership, CSG has become a major player in the global defense industry. Strnad's career began in his father's company in 2011, working his way through various managerial positions before becoming CEO in 2013 and eventually the owner in 2018. His focus is on strategic acquisitions and key business projects, transforming CSG into a global industrial brand with significant presence in the automotive, railway, aerospace, and defense industries. As of December 2025, his net worth is estimated at $10.7 Billion.

Wealth Over Time

In-Depth Profile

Early Life

Michal Strnad was born on August 4, 1992, in Chrudim, Czech Republic. He comes from an entrepreneurial family. His father, Jaroslav Strnad, founded Excalibur Army in 1995, which later became the basis for the Czechoslovak Group (CSG). Michal developed a keen interest in business and industry from a young age, with early exposure to the family business.

Rise to Success

Strnad joined his father's company in 2011, gradually taking on managerial roles within the growing holding. In 2013, he was appointed CEO of the emerging group, and in 2015, became the Chairman of the Board of Directors. In 2018, he became the direct owner of CSG after his father transferred ownership. Under Michal's leadership, CSG transformed into a mature corporation with strong management and well-developed processes, maintaining the flexibility of a family business.

Key Business Strategies

Strnad's primary strategy involves building CSG as a global industrial brand. This includes strategic acquisitions and partnerships in EU and NATO countries. He has expanded CSG through acquisitions in Italy, Spain, and the USA. In 2024, CSG acquired The Kinetic Group for over $2 billion, making CSG the largest producer of small-caliber ammunition in the Western world. He also focuses on innovation and efficiency, seeking to capitalize on market trends and strengthen CSG's foothold in key markets.

Philanthropy

Strnad's CSG has also been involved in partnerships and support in the field of sports, including a partnership with the Czech Olympic Team concluded in September 2025.

Career Milestones

2011

Joined Czechoslovak Group (CSG)

Began working in various managerial positions within the expanding holding.

2013

CEO of Czechoslovak Group (CSG)

Appointed as the Chief Executive Officer of the emerging group.

2015

Chairman of the Board of Directors of CSG

Became Chairman of the Board of Directors of Czechoslovak Group.

2018

Owner of Czechoslovak Group (CSG)

Became the direct owner of CSG.

2024

Acquisition of The Kinetic Group

Completed the purchase of The Kinetic Group, including leading American manufacturers of small-caliber ammunition.

2025

CSG Signs deal with Slovakia for Ammo Supply

Signed a framework deal with Slovakia's defence ministry to supply ammunition to EU states worth up to €58 billion.

Philanthropy & Social Impact

Sports Sponsorship

Czech Olympic Team Partnership

Undisclosed

Partnership with the Czech Olympic Team

Business Philosophy & Leadership

Notable Quotes

""We do not sell weapons primarily to kill or attack someone, but to defend oneself. We are a defense industry, not an offensive one,""

Leadership Principles

Strategic Acquisitions

Focus on acquiring companies to expand CSG's market presence and diversify its offerings.

Innovation and Efficiency

Capitalize on market trends and technological advancements to improve production and efficiency.

Building Partnerships

Establish and maintain key business partnerships globally.

Controversies & Challenges

2015

CSG Office Raid

Strnad's offices were raided as part of a probe of government officials.

2017

Azerbaijan Weaponry Controversy

Controversy surrounding the sale of weaponry to Azerbaijan.

2024

Kinetic Group Acquisition Backlash

Drawing severe criticism from Republican lawmakers.

2025

Alleged Plan for Andrej Babiš's Murder

Reports of alleged planning to murder Andrej Babiš.