Early Life and Education
Tibor Veres was born in Hungary and graduated from the University of Moscow with an economics degree in 1986. This education provided the foundation for his future entrepreneurial endeavors.
Rise to Success
Upon returning to Hungary, Veres co-founded the Wallis Group with his father and another co-founder. Over the decades, the Wallis Group expanded its interests to encompass real estate development, automotive, retail, logistics, and manufacturing. A significant move was the acquisition of the Praktiker home improvement chain in 2016, which included a considerable real estate portfolio, broadening the group's scope. The Wallis Group has become a leading investment firm in the Hungarian market.
Key Business Strategies
Veres's business strategy has focused on diversified investments and strategic acquisitions. His control extends to multiple companies, including AutoWallis, a leading automotive and mobility service provider operating across Central and Eastern Europe. He also has significant holdings in the WING Group, a real estate development company. These strategic moves have been instrumental in the growth of his net worth.
Philanthropy
Veres is a member of the UNICEF Hungary Board of Trustees, showing his involvement in charitable activities.
