Zygmunt Solorz-Żak

Zygmunt Solorz-Żak

Polish businessman (born 1956)

Zygmunt Solorz (Polish: [ˈzɨɡ.munt ˈsɔ.lɔʂ]; born Zygmunt Józef Krok, August 4, 1956 in Radom) is a Polish businessman and a media tycoon known for launching Polsat, one of the largest private television channels in the country. As of 2024, he is the fifth richest person in Poland and has repeatedly appeared on Forbes' ranking of the world's billionaires, with an estimated net worth around €5.77 billion.2

From Wikipedia’s article on Zygmunt Solorz-Żak (this version), CC BY-SA 4.0.

Born Aug 4, 1956.1

About

He ranked #688 on the Forbes 2016 with a net worth of US$2.5 billion. The companies controlled by him include Cyfrowy Polsat, Polkomtel, Netia, Elektrim and Interia.

From Wikipedia’s article on Zygmunt Solorz-Żak, shared under CC BY-SA 4.0.2

Companies

Early life and education

Early life

According to the media, Zygmunt Solorz was born in Radom, a city to the south of Warsaw, and originally had the surname Krok. In 1977 he escaped the Polish People's Republic while on a holiday trip and settled in Munich, in the then West Germany. In the 1980s, he took the surname Solorz after his first wife for feminist reasons. Several years later, after the second marriage, he added the hyphen and became Solorz-Żak. He currently uses just Solorz as his only surname.

In his early twenties, he managed to escape closed-off Poland and got to Germany, where he founded a transport company.

From Wikipedia’s article on Zygmunt Solorz-Żak (this version), CC BY-SA 4.0.

Career

Occupation: entrepreneur.5

Businesses

His first major investment on the Polish media market was purchasing the majority stake in the Kurier Polski daily newspaper in early 1992. The same year, Solorz launched the free-to-air commercial TV channel Polsat, 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 conglomerate, Solorz obtained operating control over the lignite power plant PAK, ranked among the three largest electricity producers in Poland. He has owned the Śląsk Wrocław football club since 2008 and the Polish mobile phone company Polkomtel since 2011.

At the turn of the millennium, he owned three television channels in the Baltic states, TV1 in Estonia, LNT in Latvia and BTV in Lithuania.

In 2017, his Cyfrowy Polsat acquired telecommunications company Netia, which owns the second-largest fixed-line cable television and broadband network in Poland.

In 2019, ZE PAK Capital Group, a company controlled by Solorz, initiated a collaboration with the Korean company KHNP concerning the potential construction of small modular reactors on the site of the Pątnów Power Station. He also established the Czysta Polska Foundation, which is concerned with the promotion of ecology and environmental protection. The same year, Cyfrowy Polsat became a shareholder in Poland's biggest IT company Asseco while in 2020, the group bought the web portal Interia.

From Wikipedia’s article on Zygmunt Solorz-Żak (this version), CC BY-SA 4.0.

Personal life

  • BornAug 4, 1956, Radom6
  • CitizenshipPoland7
  • ResidenceWarsaw8
  • SpouseMałgorzata Żak 1992 to 20149
  • Children310

In 1983, he married Ilona Solorz, a Polish expatriate living in Germany who originally came from Silesia. He has a son Tobias with her. The couple divorced in 1991. From 1992 to 2014, his second wife was Małogrzata Żak with whom he has son Piotr and daughter Aleksandra. In 2022, he divorced his third wife, Małgorzata Nawrocka. In 2024, he married his fourth wife Justyna Kulka.

From Wikipedia’s article on Zygmunt Solorz-Żak (this version), CC BY-SA 4.0.