1910, Sarkad) which made him one of the wealthiest persons in Austria-Hungary. He founded in 1902 with Ferenc Chorin the National Alliance of Industrialists (Gyáriparosok Országos Szövetsége (GYOSZ)) and was the first vice president of the association. According to Forbes he was the 4th richest person in Hungary on the turn of the 19th century with a net worth of 25–30 million Hungarian pengő.
In 1910, Sarkad) catapulted him into one of Austria-Hungary's most affluent individuals. He co-founded the National Alliance of Industrialists (Gyáriparosok Országos Szövetsége (GYOSZ)) with Ferenc Chorin in 1902 and held the position of first vice president. Forbes ranked him as the 4th wealthiest person in Hungary at the start of the 20th century, boasting a net worth of 25–30 million Hungarian pengő.