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The recent death of Petr Kellner, the richest person in the Czech Republic, has set off the biggest transfer of wealth in the history of that country. Kellner was the wealthiest person in the Czech Republic at the time of his death. He and four other people died in a helicopter crash in the remote Alaskan back-country while they were on a heli-skiing expedition last month. The helicopter crashed about 50 miles northeast of Anchorage and slid 800 to 900 feet down the mountain. Kellner was a guest of a luxury heli-skiing resort at the time of his tragic death. Much of his $19 billion net worth will pass to his wife and four children. However, succession arrangements for his PPF Group NV, which has $52 billion in assets are unclear. One thing that is known is that his wife and kids didn t have important roles in the day-to-day operations of his company.

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