Hungarian financier moves assets from Budapest to Dubai

Adam Matolcsy, the son of Hungary’s former central bank governor, is moving some of his most valuable movable assets from Budapest to Dubai, according to sources cited by 444.hu. The transport is being handled by a Hungarian logistics company, with a foreign partner also involved.

The assets, including vintage cars, furniture and other items, are being shipped in containers from Hungary by rail to European ports and then onward by sea to the United Arab Emirates. The transfers began several weeks ago, according to available information.

While Matolcsy is relocating part of his assets to Dubai, he has also sold some vehicles. His car collection has previously drawn public attention.

In 2019, he owned several Porsche 911 Targa models from the 1990s, which he said he was buying as an investment for future appreciation.

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