Zygmunt Solorz-Żak (born Zygmunt Józef Krok, August 4, 1956 in

Radom Radom is a city in east-central Poland, located approximately south of the capital, Warsaw. It is situated on the Mleczna River in the Masovian Voivodeship (since 1999), having previously been the seat of a separate Radom Voivodeship (1975� ...

) is a Polish businessman. He is the second richest person in

Poland Poland, officially the Republic of Poland, is a country in Central Europe. It is divided into 16 administrative provinces called voivodeships, covering an area of . Poland has a population of over 38 million and is the fifth-most populou ...

and has repeatedly appeared on ''

Forbes ''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also r ...

''' ranking of the world's billionaires, with an estimated net worth around €5.77 billion. He ranked #688 on the ''

'' 2016 with a net worth of

US$ The United States dollar (symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official ...

2.5 billion.

Businesses

Solorz-Żak launched the free-to-air commercial TV channel

Polsat Polsat is a Polish free-to-air television channel that was launched on 5 December 1992 by Zygmunt Solorz-Żak. , it is the most watched television channel in Poland with a market share of 11.30% Polsat belongs to Grupa Polsat Plus ( WSECPS, wh ...

in 1992, broadcast through satellite, and obtained a national commercial television license in 1993. Since the middle of the 1990s, Polsat has remained one of Poland's biggest television stations. His key assets also include the pay TV platform Cyfrowy Polsat. He holds controlling stakes in the pension fund PTE Polsat, small life insurer Polisa and retail bank Invest Bank. After winning control over the distressed

Elektrim Elektrim SA, is a Polish public company trading since 1992 on the Warsaw Stock Exchange, and is the result of the privatization of the former PHZ Elektrim. In the first period after privatization, Elektrim SA conducted very extensive and diversifie ...

conglomerate, Solorz-Żak obtained operating control over the lignite power plant PAK, ranked among the three largest electricity producers in Poland.Poland's Media Mogul: Zygmunt Solorz-Żak. , Trade & Development > Economic Development from AllBusiness.com
/ref> He has owned the

Śląsk Wrocław Wrocławski Klub Sportowy Śląsk Wrocław Spółka Akcyjna, commonly known as WKS Śląsk Wrocław, Śląsk Wrocław () or simply Śląsk, is a Polish football club based in Wrocław that plays in Ekstraklasa, the highest level of the Polish f ...

football club since 2008 and the Polish mobile phone company

Polkomtel Plus (formerly Plus GSM) is the brand name of Poland's mobile phone network operator, Polkomtel Sp. z o.o. The company is entirely owned by Cyfrowy Polsat S.A. and is part of Grupa Polsat Plus. It operates GSM (900/1800 MHz), UMTS, LTE, 5G ...

since 2011.

References

1956 births 20th-century Polish businesspeople 21st-century Polish businesspeople Living people Businesspeople from Warsaw Polish billionaires Polish business executives Polish chief executives Polish company founders Polish mass media owners People from Radom {{Poland-business-bio-stub