1 / 8Romanian billionaire Dan Petrescu died in a plane crash near Milan on Sunday, according to Italian media reports. 2 / 8Petrescu, 68, was reported by Romanian media to be one of the richest people in his native country, with personal net worth of over 1 billion euros ($1.2 billion). 3 / 8Holding both Romanian and German citizenship, Petrescu kept a low profile as he built up a fortune in the post-Communist era.4 / 8Petrescu partnered in ventures with ex-tennis star and sports impresario Ion Tiriac and held a stake in UniCredit Tiriac Bank.5 / 8His Rocar holding company was active in the Romanian real estate sector with interests in a number of shopping malls. 6 / 8 Much of Petrescu’s wealth stemmed from lucrative rental contracts with retail chains including Metro AG and Carrefour SA.7 / 8Petrescu was reported to be the pilot of the single-engine Pilatus PC-12, which had been due to fly from Milan to the city of Olbia on the island of Sardinia.8 / 8The aircraft went down minutes after takeoff, crashing into a building site. Eight people died in the crash, including Petrescu’s wife and son. Romania’s Foreign Ministry confirmed the death of seven of its citizens, all of whom held dual citizenships.