Polish businessman Aleksander Gudzowaty, the CEO of barter-trade firm Bartimpex and one of Poland's wealthiest men, passed away on Thursday morning in a Warsaw hospital. He was 75.
Mr Gudzowaty began his business career in the 1970s, working in Moscow for Polish foreign trade companies. He later worked for PHZ Kolmex, a railway industry company. His biggest success was selling freight trains to Iraq.
In 1992 he became an owner of Bartimpex, a company that he founded, which specialized in barter trade. He would buy gas from Russia's Gazprom in exchange for foodstuffs and industrial products. This is where he earned most of his fortune
In 2008, with a fortune worth zł.3.7 billion, he was ranked ninth on the list of wealthiest Poles compiled by weekly Wprost.
He was also known for his close ties with politicians. He employed many former ministers, he funded Lech Wałęsa's presidential campaign, and had close ties with many leaders of the left.
From Warsaw Business Journal
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