- Margus Reinsalu
-
Margus Reinsalu 
Born November 20, 1960
Kohtla-Järve, EstoniaNationality Estonian Occupation Entrepreneur Net worth Undisclosed Spouse Külli Reinsalu Children Kristel (July 1983), Oliver (July 1987), Henri (June 1997) Margus Reinsalu (born 20 November 1960) is an Estonian entrepreneur and the Moroccan honorary consul in Estonia.[1] Reinsalu is a part owner and a managing director of Property Logic, a global real estate developer. Company's biggest projects are luxury beach and golf resort Le Jardin de Fleur and Ilha De Cajaba – a 1,100-hectare Cajaba island on the northeastern coast of Brazil, where Property Logic is developing one the world’s most exclusive five-star resorts.[2] Reinsalu is also a founder and owner of KC Grupp, which was originally an Estonian real estate development company but now mainly concentrating on various global investments like motor sports, real estate and fast-moving consumer goods.[1]
Contents
Early life
Margus Reinsalu spent his early years in Kohtla-Järve, which was an industrial town in Estonia. In his childhood, Reinsalu was active in sports, loved to study and read. On leaving school he went to technical college, but with strong views that Estonia should be independent, despite high marks his path to university was politically blocked.[3]
In 1980 he became a construction engineer, and within 10 years—by this time married and with young family—he was the top manager. He and a colleague formed a construction company, and in 1991 with the Soviet grip loosening on Estonia, Margus—without capital—obtained a $210,000 bank loan "in one hour" after answering a newspaper advertisement seeking tenders and a business plan for privatisation of the state-owned taxi company.[3]
Reinsalu immediately formed a new company, got rid of old Volga taxis, purchased instead 300 new Opel Omegas and reduced the number of employees. In three years he managed to pay off bank loan. Later Reinsalu swapped his taxi company interests in order to take control of the construction firm. 1994 he founded KC Grupp as a real estate developer where he is still chairman but now mainly concentrating on global investments.[4]
Business ventures
Le Jardin de Fleur - located on the Mediterranean coastline of Morocco is a luxury beach and golf resort on the six-kilometre sandy beach at Saïdia, offering a unique investment opportunity to invest in a private luxury residence in one of the largest resorts on the Mediterranean. Among other prestigious Arabian CNBC property awards, Le Jardin de Fleur has won the award for the Best Development in Morocco. It also has the support of His Majesty King Mohammed VI as one of the six government-backed coastal projects aimed at boosting tourism in Morocco. Upon completion the resort will comprise 11 hotels, 3 golf courses, a 1 000-berth marina and almost 3,000 residential and luxury vacation homes. Footballers John Terry and Rio Ferdinand who play for England are already among villa owners at Saïdia.[5]
Ihla De Cajaiba - In 2006, Reinsalu's company Property Logic acquired the 1,100-hectare Cajaiba Island, situated in the sheltered bay of Baia de Todos os Santos on the northeastern coast of Brazil, where they are developing one the world’s most exclusive five-star resorts. Ilha de Cajaíba will be a unique resort community of more than 1,500 holiday homes and more than 2,000 hotel units.[6]
Motor sports – a subsidiary of KC Grupp launched in 2007. KC Racing is a racing team aimed at offering its clients an opportunity to experience the exciting life of racing. KC Racing supported the young and talented driver, Sten Pentus.[7]
Tone Tea and FatBurner – One of his other companies, Tone Tea, where he is a shareholder concluded an advertising contract with the Spanish GP2 team Racing Engineering to advertise its product - the fitness drink Fat Burner. The team participated in GP2 Fat Burner Racing Engineering. Fat Burner is an Estonian beverage created in 2004 with specialists from body building and fitness associations. In 2007, entrepreneur Mr. Margus Reinsalu discovered the product and its potential to help people and founded the company Tone Tea together with business partner Mr. Greg Grace. In the summer of 2008, Tone Tea acquired the rights for Fat Burner with the aim to market it worldwide.[3]
Education
Tallinn College of Engineering – construction and engineering
University of Tartu – business administration
Honors and awards
2009 – Decoration of the Republic of Estonia[8]
Margus Reinsalu is the Moroccan honorary consul in Estonia[9]
In 2009, Margus Reinsalu was elected the president of Estonian Autosport Union.[10]
Pro bono
Crystal Ball - Margus Reinsalu purchased the Crystal Ball Painting for £95,000 at the Professional English Footballers Association 100 Years Anniversary Auction for Manchester Children Hospital.[11]
Tone Tea sponsorships – one of the latest business ventures of Margus Reinsalu is company Tone Tea with slimming fitness drink Fat Burner. Fat Burner was a Spanish GP2 team Fat Burner Racing Engineering main sponsor.[12]
KC Racing - a subsidiary of KC Grupp launched in 2007. KC Racing is a racing team aimed at offering its clients an opportunity to experience the exciting life of racing. KC Racing supported the young and talented driver, Sten Pentus.[12]
Oandu Watermill - Reinsalu renovated the centuries-old Oandu Watermill in Estonia to help preserve the heritage of the Estonian countryside.[13]
Good Will Foundation (Youth to School project) - mission is to develop the field of social entrepreneurship in Estonia and who is best known for the Estonian homeless football team and the education program Noored Kooli (Youth to School).[14]
Estonian Song and Dance Celebration - in 2009 Margus Reinsalu hired a PR agency Vare & Jaakkola in order to introduce Estonian Song and Dance Celebration to the rest of the world. The Song Celebration is the most famous and unique Estonian thing in the world, which has tremendous importance for Estonia and to the Estonian nation.[4]
Estonia`s Friends International Meeting - The gathering of friends of Estonia is a joint initiative launched by Enterprise Estonia, Mr Reinsalu and President Mr Toomas Hendrik Ilves to thank and recognize business, political and cultural figures whose actions and advice have helped Estonia to become a truly European country with a dynamic economy and thriving culture.[15]
ERSO Friends Society - In 2010, Mr Reinsalu together with Estonian born conductor Neeme Järvi established ERSO Friends Society to support Estonian National Symphony Orchestra.[14]
Hobbies
Margus Reinsalu has several interests but his greatest passion is cars.[3] His collection consists of 14 cars, including Pagani Zonda, Rolls Royce Phantom, Ferrari and Porsche. Besides collecting cars and enjoying motorsports he likes travelling, reading, fishing, hunting, yachting and also he's fond of aviation and golf.[3]
External links
KC Grupp [1]
Le Jardin de Fleur [2]
Ilha de Cajaíba [3]
Tone Tea and Fat Burner [4]
KC Racing [5]
Notes
- ^ a b http://www.mees.eu/artikkel/margus-reinsalu-kasiinomeistrist-kinnisvarakuningaks.html
- ^ http://paber.ekspress.ee/viewdoc/EDBF7C52BC126E84C22573CA002DCC25
- ^ a b c d e http://www.ap3.ee/?PublicationId=31503ED6-39D4-4163-9D98-74AA1E3959CE&code=4559/uud_uudidx_455901
- ^ a b http://www.e24.ee/?id=140494
- ^ http://www.ap3.ee/?PublicationId=f1a708aa-c2e5-4106-a88b-bbc37e3bb6fe
- ^ http://www.ilhadecajaiba.com
- ^ http://www.ohtuleht.ee/index.aspx?id=190485
- ^ http://www.kcgrupp.com/news-press;55/reinsalu-is-among-the-97-people-who-received-decorations-of-the-republic-of-estonia-in-connection-with-independence-day
- ^ http://www.kcgrupp.ee/maroko/honorary-council-of-the-kingdom-of-morocco
- ^ http://sport.delfi.ee/news/auto/eesti/margus-reinsalu-valiti-eesti-autospordi-liidu-presidendiks.d?id=27076621
- ^ http://www.kcgrupp.com/pro-bono?SID=0854dd41be49a4489978d48642573c0e
- ^ a b http://www.kcgrupp.com/motor-sport
- ^ http://www.kcgrupp.com/gallery;1/oandu-watermill
- ^ a b http://www.kcgrupp.com/pro-bono
- ^ http://www.aripaev.ee/4782/uud_uudidx_478207.html
Categories:- 1960 births
- Living people
- People from Kohtla-Järve
- Estonian businesspeople
- Recipients of the Order of the White Star, 3rd Class
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