Michal Strnad

Money Moves

Net worth estimated at $37 billion post-IPO

Europe spent three decades letting its defense industrial base wither. Now it's racing to rebuild. CSG, a Czech ammunition maker virtually unknown outside defense circles, just completed the largest defense IPO ever recorded—€3.8 billion—with shares surging 31% on their first trading day. The company is now worth €33 billion, and its 33-year-old owner Michal Strnad has become one of the world's richest people under 40.

Updated Jan 30