Real estate juggler and founder of the largely bankrupt Signa conglomerate René Benko, a bankrupt entrepreneur, is said to have declared only meager assets in his bankruptcy proceedings. He depends on his mother’s help.
René Benko’s empire is slowly but surely collapsing. In early March, there were allegations of money laundering in Germany, and a criminal investigation is now being officially launched in Austria for the first time. One of the many questions: where have Benko’s private assets gone?
A report from the curator states that Benko earned 60,480 euros gross per month as an ’employee’ of Signa Holding until November 2023 – and received an annual bonus of 2.5 percent of Signa Holding’s pre-tax results.
A compensation of 29 million euros in 2019 alone
The fallen entrepreneur also received 200,000 to 300,000 euros annually in fees through consultancy contracts with Signa companies. As already announced in the University Committee, Benko received a salary of 29 million euros in 2019 alone.
An income of 3700 euros per month
According to a report in the “Tiroler Tageszeitung”, Benko currently stated that he earned 3,700 euros per month as an employee of two of his companies. He can “only support himself through the support of his family (especially his mother).”
According to the curator’s report, there are also “relatively small amounts” of balances in bank accounts.
Is this information correct? Rumors of a pompous lifestyle continue to circulate. In any case, the list of assets submitted by Benko is still being checked.
According to the land and commercial register, he has no property or investments in Austria. No documents are yet available for another two foundations in Liechtenstein.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
