Age, Biography and Wiki

Alexander Adamescu (Dan Grigore Adamescu) was born on 20 September, 1948 in Vaideeni, Vâlcea County, Romanian People's Republic, is a Romanian businessman. Discover Alexander Adamescu's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is he in this year and how he spends money? Also learn how he earned most of networth at the age of 68 years old?

Popular As Dan Grigore Adamescu
Occupation Businessman
Age 68 years old
Zodiac Sign Virgo
Born 20 September 1948
Birthday 20 September
Birthplace Vaideeni, Vâlcea County, Romanian People's Republic
Date of death 24 January, 2017
Died Place Bucharest, Romania
Nationality

We recommend you to check the complete list of Famous People born on 20 September. He is a member of famous Businessman with the age 68 years old group.

Alexander Adamescu Height, Weight & Measurements

At 68 years old, Alexander Adamescu height not available right now. We will update Alexander Adamescu's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

Physical Status
Height Not Available
Weight Not Available
Body Measurements Not Available
Eye Color Not Available
Hair Color Not Available

Who Is Alexander Adamescu's Wife?

His wife is Carmen Palade (divorced)

Family
Parents Not Available
Wife Carmen Palade (divorced)
Sibling Not Available
Children Alexander Adamescu

Alexander Adamescu Net Worth

His net worth has been growing significantly in 2023-2024. So, how much is Alexander Adamescu worth at the age of 68 years old? Alexander Adamescu’s income source is mostly from being a successful Businessman. He is from . We have estimated Alexander Adamescu's net worth, money, salary, income, and assets.

Net Worth in 2024 $1 Million - $5 Million
Salary in 2024 Under Review
Net Worth in 2023 Pending
Salary in 2023 Under Review
House Not Available
Cars Not Available
Source of Income Businessman

Alexander Adamescu Social Network

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Timeline

1948

Dan Grigore Adamescu (20 September 1948 – 24 January 2017) was a Romanian businessman who was the founder of The Nova Group, and was the second richest Romanian in 2013.

1971

Born in Vaideeni, Vâlcea County, Adamescu entered business in 1971, after graduating from the Bucharest Academy of Economic Studies.

Adamescu held Romanian and German citizenships.

1989

He spent eleven years working in Germany, and returned to Romania in 1989.

1990

He made his wealth in the early 1990s, when Romania was moving from communism to capitalism.

Adamescu was critical of the Romanian Government's anti-corruption policies.

2013

In 2013, Forbes estimated Adamescu's net worth at US$900 million, making him the second-richest Romanian, after Ioan Niculae.

At the time, he was the majority shareholder of The Nova Group, which owned companies including România Liberă, Astra Insurance, ASC Oțelul Galați, and the Unirea Shopping Center.

In 2013, Adamescu's company Astra Insurance went bankrupt; his family blamed the Romanian state for causing the bankruptcy.

During the bankruptcy trial, Adamescu was alleged to have bribed judges €20,000.

2014

In May 2014, Victor Ponta predicted that Adamescu would be arrested for corruption.

Adamescu was arrested a few weeks afterwards.

In the same year, one of the judges was arrested, after which Adamescu's lawyer allegedly committed suicide by throwing himself under a train.

2015

In 2015, Forbes Romania estimated his net worth to be €550 million.

2016

In 2016, he was sentenced to four years and four months in jail for bribing judges at his companies' insolvency trials.

In October 2016, Alexander Adamescu, Dan's son, denied that his father had affiliations with Black Cube.

HotNews.ro had claimed Adamescu was a client of Black Cube.

In March 2016, Adamescu was charged with causing $191 million of damages to Astra Insurance.

In May 2016, he was sentenced to four years and four months in jail for corruption.

In November 2016, Adamescu's parole request, based on ill health, was rejected by a local court.

In December, he had knee surgery, after which he developed infections.

In October 2016, Palade, Ademescu's ex-wife, attempted to sue him for ownership of the Unirea Shopping Center.

In May 2016 Romanian courts issued two national arrest warrants against Adamescu and then converted into a European Arrest Warrant in connection with his father's case.

On 13 June 2016, he was arrested by British police.

In an interview with The Times, he said he "fears that he will die in prison like his father if the Romanian government secures his extradition.

2017

He was in an induced coma from December 2016 until his death on 24 January 2017, and had been suffering from sepsis.

Adamescu was buried in the Lutheran section of Bellu Cemetery.

Adamescu was married to Carmen Palade, general manager of Unirea Shopping Center for "many years".

Palade had fought for control of the Nova Group with her husband and stepson, Alexander Adamescu, and was removed as head of Nova in 2017, with Alexander taking over after his father's death.

Alexander Adamescu, a director of his father's company, was accused by Romania's National Anticorruption Directorate (DNA) of consenting to bribery.

On 29 March 2017 during a hearing involving Adamescu's Dutch holding company Nova Group Investments and Romania, the International Centre for the Settlement of Investment Disputes tribunal recommended that Romania withdraw (or otherwise suspend operation of) the European Arrest Warrant against Adamescu, and called upon Romania to "refrain from reissuing or transmitting any other EAW against him".

On 10 April 2017, Romania asked the ICSID to reconsider its recommendation but this was rejected and the recommendation upheld.

2018

As of October 2018, Palade is being held by Romanian authorities after "several hours of hearings" on suspicion of embezzlement and tax evasion.