René Benko was one of the richest Austrians. picture alliance / Jens Kalaene/dpa-Zentralbild/ZB | Jens Kalaene
René Benko, founder of the real estate empire Signa, is privately insolvent, according to “Standard”. One reason is his departure from Signa and an extremely lavish lifestyle with high expenses. Signa Holding owned luxury real estate and retail companies such as Galeria Karstadt Kaufhof, but went bankrupt in 2021.
René Benko, the once celebrated founder of the Signa real estate empire, is broke. Now the liquidator speaks out and explains how it could have come to this. He says, according to the Austrian newspaper, “Standard“That it hasn’t been finally clarified yet.
One reason is that Benko left Signa last year – and with it a large part of his income. According to the report, he received a salary of around 60,500 euros per month, plus millions in bonuses.
Are these the reasons for Benko’s personal bankruptcy?
But an “extremely lavish lifestyle” may also have contributed to this. From Beno’s list of expenses and income, it can be seen that the ex-billionaire’s expensive lifestyle is. According to “Standard”, this included payments in the millions and expensive birthday gifts.
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Agree and show external content Watch the video here to see how the rise and fall of René Benko came about.
René Benko was one of Europe’s most dazzling billionaires until 2023. The Austrian worked his way up from a humble background and built what is now one of the largest real estate empires in the world: Signa Holding. It included luxury properties in top locations, such as Hamburg’s Elbtower, or retail companies such as Galeria Karstadt Kaufhof. Last year the company went spectacularly bankrupt.
LS