Billionaire Profile
Radovan Vitek
Global Rank
#512

Image: Public domain | via Wikimedia Commons

Radovan Vitek

CEO, CPI Property Group
CZ
Real-Time Net Worth
$7.1B
As of December 2025
Age
54
Source
Real estate
Industry
real-estate
Citizenship
CZ

Biography

Radovan Vitek, born January 22, 1971, is a Czech billionaire known for his significant holdings in real estate. His primary wealth source is his ownership of CPI Property Group, a major real estate company with a vast portfolio of properties across Europe. Vitek began his career in the 1990s, capitalizing on Slovakia's voucher privatization program. Over the years, he has built a successful career, with notable achievements in Central and Eastern European real estate markets. As of 2024, his net worth is estimated at $7.1 billion.

Wealth Over Time

In-Depth Profile

Early Life

Radovan Vitek was born in Nové Město na Moravě, Czechoslovakia, on January 22, 1971. His career began in the 1990s during Slovakia's voucher privatization.

Rise to Success

Vitek moved to the Czech Republic in 1997. In 1996, he acquired an investment fund named Boleslavsko, which was later transformed into CPI Property Group (CPIPG). CPIPG has become a leading real estate group in Central and Eastern Europe. He focused on the retail sector before the Czech Republic joined the EU in 2004 and expanded into the office segment during an economic downturn. In 2014, Vitek established CPIPG in its current format by combining CPI and GSG Group.

Key Business Strategies

Vitek's key strategies include strategic property acquisitions and expansion across Europe. His CPI Property Group owns a significant portfolio of properties, including office buildings, retail spaces, and hotels in various European cities, with a notable presence in Berlin, Germany. Vitek has also made strategic investments in other sectors like hospitality and retail, complementing his core real estate business.

Philanthropy

Radovan Vitek has been involved in various philanthropic efforts, although he has not widely publicized his charitable work. His philanthropic interests often focus on areas that align with his core values, such as urban development and improving the quality of life in cities where he holds significant real estate.

Career Milestones

1990s

Voucher Privatization

Began his career during Slovakia's voucher privatization.

1997

Moved to the Czech Republic

Expanded business ventures in the Czech Republic.

1996

Acquired Boleslavsko

Acquired an investment fund (later CPI Property Group).

2014

Established CPIPG

Combined CPI and GSG Group to form CPIPG.

Philanthropy & Social Impact

Urban Development

Various Philanthropic Efforts

Undisclosed

Involved in various philanthropic efforts focused on urban development.

Controversies & Challenges

2004

Imprisonment

Spent 52 days in prison for proxenetism; charges were later dismissed.

2019

Lawsuit in New York

Sued for allegedly defrauding a New York hedge fund and a Czech investment firm.

2018

Ski Resort Controversy

Faced challenges in managing a ski resort in Crans Montana, Switzerland, leading to fines and controversies.

2024

Asset Freeze

His CPI Property Group was hit with a half-billion-euro asset freeze in Cyprus.