2019.11.19 13:00

Maxima supermarket chain owner tops Lithuania's rich list

BNS2019.11.19 13:00

Nerijus Numavičius, the majority shareholder of Vilniaus Prekyba (VP), remains the richest person in Lithuania, followed by Girteka Logistics Chairman Mindaugas Raila and Avia Solutions Group Chairman Gediminas Žiemelis, according to the Top magazine's annual wealth list published on Tuesday.

MG Baltic President Darius Mockus is in fourth position, followed by Žilvinas Marcinkevičius, a former VP Group shareholder, at number five.

Numavičius now lives in London and is mostly engaged in retail trade and real estate. His wealth is estimated at 1.1 billion euros, according to the magazine.

Vilniaus Prekyba is the owner of the Maxima supermarket chain.

“Numavičius has held onto his position as Lithuania's richest businessman, but tighter competition in retail trade keeps him from resting on his laurels, and there is no lack of changes either,” the magazine said.

Raila, who is engaged in logistics, warehousing and real estate, has an estimated wealth of 750 million euros. Net profit indicators of Girteka Logistics, one of the biggest transport companies in Europe, are close to last year's levels and its value has remained virtually unchanged, according to the report.

Žiemelis has an estimated wealth of 630 million euros. This year's figure includes the estimated value of the aviation businessman's operations abroad, helping him climb up the magazine's ranking, compared with previous years.

Mockus' wealth is estimated at 610 million euros, and that of Marcinkevicius, at 405 million euros.

The top ten rich list also includes Achemos Grupė Chairwoman Lyda Lubienė (270 million euros), Kesko Senukai founder Augustinas Rakauskas (250 million euros), Vaizga shareholder Ivan Paleičik (215 million euros), VP Group shareholder Mindaugas Marcinkevičius (200 million euros), and Hanner Chairman Arvydas Avulis (190 million euros).

The magazine says its wealth estimates are based on publicly available information as well as declarations and reports submitted to the State Tax Inspectorate and the Centre of Registers.

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