Billionaire Profile

Global Rank

#1891

Image: Tibor Végh | CC BY 3.0 | via Wikimedia Commons

Tibor Veres

CEO, Wallis Group

HUNGARY

Real-Time Net Worth

$2.193B

Estimated based on Wallis Group stock value as of March 6, 2026

+0.07% (24h)

Age

Source

Real Estate, Investments

Industry

diversified

Citizenship

HUNGARY

Biography

Tibor Veres is a prominent Hungarian businessman with a net worth of $2.3 billion as of early February 2026. His wealth primarily stems from real estate and investments, with a diversified portfolio spanning multiple industries. Veres is the founder of Wallis Group, established in 1987, which has interests in automotive, real estate development, retail, and manufacturing. He is a member of the UNICEF Hungary Board of Trustees and is known for his reclusive nature. Veres is 64 years old and resides in Budapest, Hungary.

Fact Checked

Verified by Editorial Team

Live Data

Updated 3/6/2026

Wealth Over Time

Portfolio Holdings

AutoWallis

WING Group

In-Depth Profile

Early Life

Tibor Veres was born in Hungary. He earned an MA in economics from the Moscow State Institute of International Relations in 1986.

Rise to Success

Veres, along with his father György Veres, co-founded the Wallis Group in 1987. Over the decades, Wallis Group has become a leading investment firm in the Hungarian market. Through holding companies, Veres controls interests in automobiles, real estate development, retail, and manufacturing. Veres also controls AutoWallis, a leading automotive and mobility service provider. In 2016, he acquired the Praktiker home improvement chain, expanding Wallis Group's portfolio.

Key Business Strategies

Veres has focused on building a diversified portfolio. Wallis Group operates in several sectors, including real estate development, automotive, retail, and renewable energy. Three companies established by Veres are active on the Hungarian stock exchange.

Philanthropy

Veres is a member of the UNICEF Hungary Board of Trustees.

Career Milestones

1986

Graduated

Obtained an MA in economics from the Moscow State Institute of International Relations.

1987

Founded Wallis Group

Co-founded Wallis Group with his father György Veres.

2016

Acquired Praktiker

Acquired the Praktiker home improvement chain.

Philanthropy & Social Impact

Philanthropy

UNICEF Hungary Board of Trustees

Undisclosed

Member of the UNICEF Hungary Board of Trustees.

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