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Billionaire Profile
Tibor Veres
Global Rank
#1783

Image: Unsplash Contributor | Unsplash License | via Unsplash

Tibor Veres

CEO, Wallis Group
HUNGARY
Real-Time Net Worth
$2.353B
Estimated based on Wallis Group stock value as of April 20, 2026
-0.1% (24h)
Age
64
Source
Real Estate, Investments
Industry
diversified
Citizenship
HUNGARY

Biography

Tibor Veres is a Hungarian businessman with a net worth of $2.1 billion as of March 2026, primarily from his investments in real estate. Veres, 64, is a prominent figure in the diversified industry, known for founding the Wallis Group in 1987. His career has seen him lead the Wallis Group for over 35 years, expanding its operations to 18 countries. Veres is also a member of the UNICEF Hungary Board of Trustees and was awarded the EY 'Entrepreneur Of The Year' award in Hungary in February 2026. His leadership has been recognized for its focus on professionalism, reliability, and responsible business conduct.

Fact Checked
Verified by Editorial Team
Live Data
Updated 4/20/2026

Wealth Over Time

In-Depth Profile

Early Life

Tibor Veres was born in Hungary and graduated from the University of Moscow in 1986 with a degree in economics. He returned to Hungary and co-founded the Wallis Group with his father and another co-founder.

Rise to Success

Veres founded Wallis Group in 1987. The group operates in real estate development, automotive, retail, logistics, and manufacturing. He also controls AutoWallis, a leading automotive and mobility service provider with 23 brands operating across Central and Eastern Europe. Veres has grown his business to operate in 18 countries.

Key Business Strategies

Veres's business strategy has been marked by disciplined growth, a commitment to professionalism, and responsible business conduct. The Wallis Group has shown consistent revenue growth, even in challenging economic environments. He has focused on expanding internationally, with nearly 60% of the Wallis Group's revenues coming from international markets.

Philanthropy

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

Career Milestones

1986

Graduated from the University of Moscow

Obtained a degree in economics.

1987

Founded Wallis Group

Established Wallis Group, which operates in real estate, automotive, retail, logistics and manufacturing.

2026

Wins EY 'Entrepreneur Of The Year' award

Received the Grand Prize in Hungary and will represent Hungary in the global final in Monaco.

Philanthropy & Social Impact

Children's welfare

UNICEF Hungary Board of Trustees

Unknown

Serves as a member of the Board of Trustees.

Business Philosophy & Leadership

Leadership Principles

Disciplined Growth

Emphasizing consistent and controlled expansion of business operations.

Professionalism

Maintaining a high standard of conduct and expertise in all business dealings.

Responsible Business Conduct

Commitment to ethical practices and societal contributions.

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