Ioan Niculae
Food and Beverage

Ioan Niculae Net Worth

9 months ago

Ioan Niculae is a Romanian entrepreneur and founder of Interagro, Romania's leading agricultural and fertilizer conglomerate. He began his career at a state-owned agricultural company before branching out on his own. Niculae has been accused of receiving favorable discounts on gas transfers from 2006 to 2010, but he has also made headlines for his hunting trips to South Africa and his ownership of the soccer team Astra Giurgiu. He has also benefited from the conflict in Ukraine by picking up chemical contracts when Ukrainian suppliers could not deliver.
Ioan Niculae is a member of Food and Beverage

Age, Biography and Wiki

Birth Day July 19, 1954
Birth Place Romania
Age 69 YEARS OLD
Birth Sign Leo
Residence Bucharest, Romania
Education Ştefan Gheorghiu Academy
Occupation Businessperson
Known for Owner of InterAgro Group
Spouse(s) Divorced (present)
Children 3

💰 Net worth: $1.15 Billion (2024)

Ioan Niculae, a prominent figure in the food and beverage industry in Romania, is projected to have a net worth of $1.15 billion by the year 2024. With his extensive involvement in the country's food and beverage sector, he has managed to amass significant wealth and establish a strong reputation in business circles. Niculae's success is a testament to his exceptional entrepreneurial skills and strategic investments. As a key player in the industry, his accomplishments highlight his significant contributions to the growth and development of Romania's food and beverage sector.

2010 $1.1 Billion
2013 $1.1 Billion
2014 $1.2 Billion
2015 $1.15 Billion
2018 $1.15 Billion

Biography/Timeline

1990

He entered the Business world after 1990, setting up, alongside a Turkish partner, a chemical trade company – Interaction.

1995

In 1995, he founded InterAgro, a Romanian-Chinese joint venture.

1996

Since 1996 Niculae has been the owner of the Astra Giurgiu football team.

1997

In 1997, Niculae became the majority stakeholder of the Astra Ploiesti refinery, after a $16 million investment.

1998

In 1998, he bought into the Romanian insurance company Asirom, after investing $21 million. He sold those stocks in 2007, making a profit of $65 million.

2004

Since 2004, the total amount of agricultural Investments done by his company has surpassed €100 million.

2008

Through his company, Niculae manages approximately 50,000 hectares of agricultural fields and is the biggest Romanian cereal cultivator. He is also the owner of 170 hectares of vineyards, reaping their first harvest in 2008.

2012

In 2012, The Romanian National Tax Administration accused Niculae of defrauding the national budget due to accusations that his tobacco company, Galaxy Tobacco, had failed to pay its taxes, amounting to an excess of €120 million. Niculae fought the charges in Court and won.

2013

In 2013, Niculae filed divorce from his wife, Domnita Niculae, ending a 31-year-old marriage. The divorce trial is still pending.

2015

On 2 April 2015 he was jailed for two-and-a-half years for illegal financing the PSD electoral campaign from 2009.

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Tags 1954 births Living people People from Giurgiu County Romanian businesspeople Romanian billionaires Romanian white-collar criminals

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About the author

Lisa Scholfield

As a Senior Writer at Famous Net Worth, I spearhead an exceptional team dedicated to uncovering and sharing the stories of pioneering individuals. My passion for unearthing untold narratives drives me to delve deep into the essence of each subject, bringing forth a unique blend of factual accuracy and narrative allure. In orchestrating the editorial workflow, I am deeply involved in every step—from initial research to the final touches of publishing, ensuring each biography not only informs but also engages and inspires our readership.