Ion Tiriac Net Worth: $1.2 billion
| Category | Information |
|---|---|
| Net Worth | $1.2 billion |
| Salary | N/A |
| Birthdate | May 1939 |
| Birthplace | Brasov, Romania |
| Gender | Male |
| Height | N/A |
| Profession | Romanian Businessman and Former Professional Ice Hockey and Tennis Player |
| Nationality | Romanian |
Highlights
Ion Tiriac is a Romanian businessman and former professional ice hockey and tennis player who has a net worth of $1.2 billion. He was once the richest former professional athlete in the world, with his net worth peaking at around $2 billion. He was born in Brasov, Romania in May 1939.
Early Life
Ion Tiriac was born in Brasov, Romania in May 1939. He had a successful career as a tennis player, winning the Bavarian International Tennis Championships in 1970 and reaching the quarterfinals of the French Open in 1968. He also had a successful doubles career, winning 22 career titles including the French Open in 1970. Tiriac represented Romania in international competition and won Gold medals in singles and mixed doubles at the 1965 Budapest Summer Universiade. He reached the finals at the Davis Cup in 1969, 1971, and 1972.
Career
After retiring from sports, Tiriac began managing other players. He coached players such as Ilie Năstase, Mary Joe Fernández, Guillermo Vilas, Marat Safin, Steffi Graf, and Goran Ivanišević. He played a significant role in Boris Becker’s rise to becoming the #1 ranked player in the world in 1991. Working with Becker exposed Tiriac to western business practices, which eventually led him to found his own bank, Banca Tiriac, in Romania in 1990. He has since expanded his business empire to include retail businesses, auto dealerships, an airline, and an insurance company. Tiriac owns a large residential and commercial real estate portfolio and is the owner of the Mutua Madrilena Madrid Open. He was elected to the International Tennis Hall of Fame in 2013.
Personal Life
Ion Tiriac’s personal life is relatively private, and not much information is available about his family or personal relationships.
Net Worth Over Time
Ion Tiriac’s net worth has seen fluctuations over time. In the early 1990s, shortly after the fall of the Berlin Wall, Tiriac’s net worth exceeded $100 million. By 2000, his net worth reached $500 million, and it was estimated at $900 million in 2005. In 2007, Forbes recognized Tiriac as the 840th richest person in the world with a net worth of $1 billion. As of now, his net worth stands at $1.2 billion.
Components of Net Worth
Ion Tiriac’s net worth comes from his various business ventures, including retail businesses, auto dealerships, an airline, an insurance company, and a real estate portfolio. His bank, Banca Tiriac, was the first privately owned bank in post-communist Romania. Additionally, he owns the Mutua Madrilena Madrid Open, which further contributes to his net worth.