Karl Wlaschek is a highly successful businessman who hails from Austria. His financial breakthrough occurred when he became the founder of Billa, an Austrian supermarket chain that he later sold to German REWE Group for a price of $1 billion in 1996. Since then, Wlaschek has heavily invested in prime real estate and has risen to become one of Austria’s biggest private real estate owners.
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He has a highly successful real estate company known as Amisola, as well as other highly valued properties across the country. His real estate company purchased Schlosshotel Velden, which is considered to be one of the first-rate hotels in the country. The hotel is situated in Worther See in Carinthia, and the reason why Wlascheck purchased it is because he is emotionally connected to it. In the early 50s, he was a poor musician (a jazz pianist to be precise) and he frequented the hotel together with his jazz band to play music.
Regrettably, the hotel has currently suffered significant losses as a result of mismanagement. Nevertheless, Wlaschek remains one of the most financially successful businessmen in Austria and has an estimated net worth of $4.8 billion. This self-made billionaire is widowed and has 2 children. He currently resides in Vienna.