Age, Biography and Wiki

Dinu Patriciu (Dan Costache Patriciu) was born on 3 August, 1950 in Bucharest, People's Republic of Romania, is a Romanian billionaire businessman and politician (1950–2014). Discover Dinu Patriciu'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 64 years old?

Popular As Dan Costache Patriciu
Occupation Businessman · politician · architect
Age 64 years old
Zodiac Sign Leo
Born 3 August, 1950
Birthday 3 August
Birthplace Bucharest, People's Republic of Romania
Date of death 19 August, 2014
Died Place London, United Kingdom
Nationality Romania

We recommend you to check the complete list of Famous People born on 3 August. He is a member of famous Businessman with the age 64 years old group. He one of the Richest Businessman who was born in Romania.

Dinu Patriciu Height, Weight & Measurements

At 64 years old, Dinu Patriciu height not available right now. We will update Dinu Patriciu'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 Dinu Patriciu's Wife?

His wife is Dana Patriciu (m. ?–2014)

Family
Parents Not Available
Wife Dana Patriciu (m. ?–2014)
Sibling Not Available
Children Ana Patriciu, Maria Patriciu

Dinu Patriciu Net Worth

His net worth has been growing significantly in 2023-2024. So, how much is Dinu Patriciu worth at the age of 64 years old? Dinu Patriciu’s income source is mostly from being a successful Businessman. He is from Romania. We have estimated Dinu Patriciu's net worth, money, salary, income, and assets.

Net Worth in 2024 $2.7 billion (2007)
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

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Timeline

1950

Dan Costache ("Dinu") Patriciu (3 August 1950 – 19 August 2014) was a Romanian billionaire businessman and politician.

At the time of his death, Patriciu was the richest man in Romania.

His wealth was based on the Rompetrol company (the second largest oil company in Romania), which he took over from the Romanian state and later sold to Kazakhstan's state-owned KazMunayGas.

Patriciu's business activity was marred by legal troubles, being charged with defrauding the state, money laundering and illegally manipulating markets, but he successfully withstood the investigations into allegedly corrupt privatization deals.

A supporter of right-libertarian politics, Patriciu was a long-time member of the National Liberal Party (PNL).

Patriciu was born in Bucharest in 1950, the son of Valeriu Patriciu, a mining engineer and chief geologist for Astra Română oil company during the interwar period.

1975

He graduated the Bucharest Institute of Architecture in 1975 and worked as an architect.

1978

Starting in 1978 he taught at the Institute of Architecture.

He won several architecture awards and he was involved in building projects in Romania and in the United Arab Emirates, including a palace in Abu Dhabi.

1990

A founding member of the National Liberal Party in 1990, Patriciu was elected a member of the Chamber of Deputies in the 1990 Romanian general election on the lists for the Timiș County.

In 1990, he founded the first private company in Romania, "Alpha", having architecture and constructions activities.

The following year, Patriciu's company began buying land in a northern district of Bucharest to build an apartment complex.

A couple of octogenarians initially refused to sell, before reaching an agreement.

Short time after this, the old man died and his wife disappeared, police being informed of this disappearance by a business associate of Patriciu.

Not long after, the house was demolished and the land was taken over.

Accused by the press of involvement in a murder, Patriciu denied any involvement and claimed that her death delayed the project.

1991

In 1991, he was named the Minister for Public Works and Territorial Planning.

He was part of the Partidul Liberal '93 (PL '93) which split from PNL.

He was re-elected a member of the parliament on the list of Democratic Convention of Romania (of which PL '93 was a member) in Dâmbovița County.

Patriciu was the leader of the parliamentary group of PL '93 and Partidul Alianța Civică.

1996

Patriciu was an unsuccessful candidate for Mayor of Bucharest in the 1996 Romanian local election.

1998

In 1998, he bought from the Romanian government the oil company Rompetrol.

A year later, the company took over the Vega Ploiești oil refinery.

In the same year, the headquarters of the company was moved to the Netherlands.

2000

In 2000, he was elected on the lists of PNL for the Prahova County.

In 2000, Rompetrol took over Petros, Romania's only oil well services company at the time, renaming it Rompetrol Well Services.

2001

In 2001, Petromidia Năvodari, the largest refinery in Romania was sold to Rompetrol for $50 million.

2003

He resigned on June 18, 2003 due to incompatibility between public office and his private business interests.

The €570 million debt of Rompetrol to the Romanian state was converted in 2003 into bonds by the Adrian Năstase Government.

2006

Patriciu bought the Adevărul newspaper in 2006 and increased the holding's portfolio to include the Click! tabloid, the local edition of Forbes, OK! and Foreign Policy, as well as cultural magazine Dilema Veche, women's magazine Tango and science popularization magazine, Știință și Tehnică.

2007

In 2007, he bought the Fabian Romania Property Fund, a British real estate investment fund in Romania.

Dinu Patriciu sold 75% of the shares in Rompetrol to Kazakhstan's KazMunayGas for $2.7 billion in 2007, becoming the richest Romanian.

2009

During the 2009 Romanian presidential election, Patriciu released a video in which President Băsescu appeared to hit a boy; Traian Băsescu sued for libel and won.

2011

He previously, in 2011, liquidated his worth €110 million portfolio of Swedish property, as well as some properties in Paris and Hague.

2012

As of 2012, his Dinu Patriciu Global Properties company owned real estate (office and commercial buildings) worth an estimated $1 billion in Germany and Romania, as well as 25 residential projects in the United Arab Emirates.

In 2012, he sold Adevărul Holding to Cristian Burci.

Together with former Georgian prime minister Lado Gurgenidze, Patriciu bought the Liberty Bank (formerly "People's Bank").

Patriciu attempted to build a convenience store chain named mic.ro, however it quickly ended in bankruptcy, with over 45 million € debts to banks in addition to large debts to suppliers.

According to Coface Romania, the development was done using credit from suppliers and banks, with almost no funding from the investors.

2014

In 2014, the Victor Ponta government erased the debt.