Frank Timiș

Vasile Frank Timiș (born 1964) is a Romanian-Australian businessman living in London, with interests in mining and oil extraction industries. The Sunday Times Rich List estimated his wealth at £162m (US$238m) as of April 2008, making him the 497th richest person in Britain. The Romanian magazine Capital reckoned Timiș to be the 9th richest Romanian, estimating his wealth at $290m as of 2006. In 2012 he became the richest Romanian with a net worth of £1.34 billion (US$2.13 billion). A BBC News investigation alleged that Timiș paid £35.20 in tax in 2017 despite living a life of luxury, and included a statement from the Tax Justice Network suggesting that Timiș be investigated for tax fraud. In 2017, BP acquired Frank Timis's stake in a Senegal gas field for $250 million, with documents later revealing an additional $9–12 billion in royalties to be paid to Timis's company. Both parties deny wrongdoing, with Timis having an estimated net worth of $12 billion.