Romanian real estate tycoon Dan Petrescu dies at the age of 68
Romanian real estate tycoon Dan Petrescu dies at the age of 68
  Balkans

Romanian real estate tycoon Dan Petrescu dies at the age of 68

Petrescu controlled large areas of land in northern Bucharest, but also in the country.
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RE+D magazine
06.10.2021

Romanian billionaire Dan Petrescu, his wife, son and other five friends died on Sunday when their plane crashed near Milan, Italy, and burst into flames. The Pilatus PC-12 was being flown by Petrescu himself as the aircraft’s owner.

Petrescu had a vast fortune estimated at €3 billion, with businesses in real estate and others. He was the owner of several hypermarkets and shopping malls.

Almost unknown to the public, Dan Petrescu was one of the richest real estate moguls in Romania, according to Ziarul Financiar. He was a business partner of Romanian billionaire Ion Tiriac.

Petrescu controlled large areas of land in northern Bucharest, but also in the country.

He used his land to develop large commercial spaces for retail chains such as Metro, Real (Auchan), and Jumbo which he later sold to these companies in multi-million-euro deals.