Real estate tycoon Demján is the richest Hungarian

Most of the richest men in Hungary started to look to the east. The most ambitious plans were conceived by Demján's TriGranit, which has entered virtually every real estate market of the region, including Romania, Slovenia, Slovakia and Croatia. The group is also present in St. Petersburg and Moscow. TriGranit announced in mid-September that it started to realise its heralded EUR 5 billion worth of investments in Russia by purchasing 50% of Russian real estate company Torgoviy Kvartal. TriGranit is owned by Demján, Peter Munk, the Rotschild family and OTP chief Sándor Csányi. The company is currently valued at around EUR 2.5 billion, and ongoing investments in Russia are expected to further increase that value.