Stojan Vujko Net Worth: Evidence-Based Estimate Guide

Based on publicly available corporate records, Serbian business registries, and credible media reporting, Stojan Vujko's estimated net worth falls in the range of approximately 10 to 30 million euros. For readers looking for a quick summary, this translates into an estimated Zvonimir Boban net worth picture being derived from similar types of public signals and private-company valuation assumptions. That range reflects his 50% ownership stake in Millennium Team DOO Beograd, a Belgrade-based construction and real estate company active since 2003, adjusted for the uncertainty that comes with privately held firms where no audited financial statements are publicly accessible. The figure is an estimate, not a confirmed balance sheet number, and you should treat it as a starting point for further verification rather than a settled fact.

Who is Stojan Vujko?

Stojan Vujko (full name Stojan Miodrag Vujko, as documented in Serbian government contracting records) is a Serbian businessman and sports administrator. He co-founded Millennium Team DOO Beograd on 4 September 2003 alongside Ivan Bošnjak, with each partner holding exactly 50% of the company. Vujko currently serves as the company's general director (generalni direktor). Beyond business, he holds significant positions in Serbian sport: he was elected president of the assembly (Skupština) of SD Crvena zvezda (Red Star Belgrade's sports society) on 26 May 2022, sits on Red Star Belgrade's management board, and serves as Vice-President of both the Olympic Committee of Serbia (Olimpijski komitet Srbije) and the Judo Federation of Serbia. He has also spoken publicly at the Kopaonik Business Forum, one of the most prominent business events in the Western Balkans, representing Millennium Team on topics including infrastructure development and construction under rising interest rates.

There is very little risk of identity confusion here. Multiple independent primary sources, including Serbian business registries, government contract documents, the Olympic Committee's official website, the Judo Federation of Serbia, and the Kopaonik Business Forum's speaker listings, all attach the same person to the CEO/founder role at Millennium Team and to those leadership positions in sport. One additional document, a U.S. Department of Justice FARA (Foreign Agents Registration Act) filing exhibit, includes the name Stojan Vujko, but that connection requires careful person-match validation before drawing conclusions, so it is noted here as a lead rather than a confirmed data point.

What 'net worth' actually means here

Net worth, as used on this site and in any credible financial reference, means the estimated total value of a person's assets minus their liabilities. Assets include ownership stakes in companies, real estate, cash and investments, and any other property of value. Liabilities include debts, loans, and other financial obligations. The key word is estimated. For a private individual like Stojan Vujko, who does not appear on a public stock exchange and has not published personal financial disclosures, there is no single authoritative source that gives you his exact net worth. What you can do is build a defensible range from available public signals: company ownership records, government contract values, real estate cadastre data, and credible media reporting on business activity. That is exactly the methodology used here.

Where to look and how to verify sources

The most reliable starting points for researching wealth connected to a Serbian business figure are public registries and official databases. Here is where to focus your research:

1. Serbia's Business Registers Agency (APR, agencija.rs): The APR maintains the Central Register of Beneficial Owners (Centralna evidencija stvarnih vlasnika), established as of 31 December 2018 in line with Serbia's UBO law. You can search for Millennium Team DOO Beograd and retrieve official records showing ownership percentages, director roles, and beneficial ownership declarations. Excerpts and certificates can be issued on request.
2. Companywall.rs and ls.rs: These aggregate APR data and confirm that Ivan Bošnjak and Stojan Vujko each hold 50% of Millennium Team DOO Beograd. Useful for quick cross-referencing.
3. Serbia's Real Estate Cadastre (RGZ): The cadastre is a public register of immovable property (land, apartments, commercial real estate) and associated rights such as ownership and mortgages. Searching Vujko's name here can surface personally held property assets.
4. Government procurement portals (rdvode.gov.rs and others): Contract award documents name Stojan Miodrag Vujko as the beneficial owner/representative for Millennium Team in at least one infrastructure contract (LOT 2, Jošanica River). These documents reveal contract scale and help estimate business revenue.
5. SeeNews and regional business media: SeeNews reported in January 2026 that Serbia's economy ministry agreed to provide a 30.1 million euro subsidy to Danube Riverside, a Millennium Team subsidiary, for the construction and equipping of a planned Ritz-Carlton hotel in Belgrade. This is a significant recent signal of the company's project scale.
6. Transparentnost Srbija (Transparency Serbia) reports: This civil society organization publishes procurement and public-integrity analysis. At least one document references Vujko in connection with Millennium Team in a public-integrity context, useful as a wealth-signal lead for further investigation.
7. Kopaonik Business Forum speaker archives: Confirm Vujko's CEO and founder role and provide a timeline of his public appearances, which help establish his profile as a credible market actor.

When cross-checking, the basic rule is triangulation: if two or more independent primary sources (government registries, official company filings, credible journalism) agree on a key fact, you can rely on it with reasonable confidence. If a claim appears only in a single unverified source, treat it as unconfirmed.

The estimated net worth range and how it was built

The 10 to 30 million euro range is derived from three observable data points, combined with realistic assumptions about private construction company valuations in Serbia.

Company valuation (primary driver)

Millennium Team has been active for over 20 years, operates in Serbia's construction and real estate sector (historically a high-margin segment in the Balkans), and is currently involved in a flagship project: the development of a Ritz-Carlton hotel in Belgrade through its subsidiary Danube Riverside, which attracted a 30.1 million euro government subsidy as of early 2026. A construction/real estate company of this scale and profile, operating in Belgrade's premium segment, would typically carry a market or book value well above the subsidy amount alone. A conservative estimate of Millennium Team's total enterprise value might fall between 20 and 60 million euros, putting Vujko's 50% stake in the range of 10 to 30 million euros before any personal debt obligations are factored in.

Government contract exposure

Millennium Team appears in at least one Serbian government infrastructure contract (Jošanica River, LOT 2) as a named contractor with Vujko as beneficial owner. Public infrastructure contracts in Serbia at this level often run in the range of several million euros per project. While a single contract does not tell you the company's full revenue, it confirms that Millennium Team competes for and wins meaningful public-sector work, which is relevant to company health and value.

Regional comparables

For context, other Balkan business figures with senior roles in major construction companies and sports administration, similar to Vujko's profile, typically show estimated personal wealth in the low to mid tens of millions of euros range when their primary asset is a privately held construction or real estate firm. If you are also checking a specific claim like Devito net worth in the Balkan context, use the same range-based approach and confirm whether the source relies on verifiable records or speculation low to mid tens of millions of euros. This is consistent with the range above. It is worth noting that figures like Slobodan Živojinović and Vojin Popović operate in adjacent sectors and have documented wealth profiles that serve as useful regional reference points.

The lower end of the range (around 10 million euros) assumes the company carries significant debt, the Ritz-Carlton project has not yet generated returns, and personal real estate holdings are modest. The upper end (around 30 million euros) assumes the company is largely debt-free, the flagship hotel project is progressing successfully, and there are additional private assets not yet visible in public records.

Income sources, assets, and financial drivers

Understanding where Vujko's wealth comes from, and what could change it, is just as important as the headline number. Here are the key financial factors at play:

• Construction and real estate revenue: Millennium Team's core business since 2003. Construction in Serbia, particularly in Belgrade, has seen significant growth tied to foreign investment and urban development. This is the dominant wealth driver.
• Government infrastructure contracts: The confirmed presence in government contract awards suggests a recurring revenue stream from public-sector projects, which tend to provide more predictable cash flow than private market deals.
• Danube Riverside and the Ritz-Carlton development: This is the single largest identifiable project on the public record. A 30.1 million euro government subsidy signals a total project value likely several times that figure. If completed successfully, this project alone could significantly increase Millennium Team's asset base and, by extension, Vujko's personal net worth.
• Sports administration roles: His positions at Red Star Belgrade, the Olympic Committee of Serbia, and the Judo Federation of Serbia are volunteer or nominal compensation roles in the Serbian context. They are status and influence signals, not income drivers. They do, however, reflect access to networks that can generate business opportunities.
• Personal real estate: Not confirmed from public sources, but executives of Vujko's profile in Serbia typically hold personal property in Belgrade and potentially elsewhere in the country. The cadastre is the place to check.
• Confirmed vs. inferred: The company ownership (50%) and the Ritz-Carlton subsidy are confirmed by primary sources. The personal real estate, any equity investments outside Millennium Team, and any income from sports roles are inferred or unconfirmed.

How the numbers change over time

Net worth estimates for private business owners in construction and real estate are among the most volatile you will encounter. A few things to watch for Stojan Vujko specifically:

• Ritz-Carlton project progress: If Danube Riverside completes the hotel and it opens successfully, the asset value of Millennium Team rises substantially. If the project stalls or encounters financing problems, the opposite is true. January 2026 reporting indicates the subsidy agreement is in place, but construction completion is still ahead.
• Serbia's construction market conditions: Rising interest rates (a topic Vujko himself discussed at the Kopaonik Business Forum) compress margins across the sector. Continued rate pressure could reduce company profitability.
• New government contracts: APR and government procurement portals are updated as new contracts are awarded. Monitoring these gives you a real-time signal of company activity.
• Ownership changes: Any future sale of Millennium Team equity, entry of new investors, or merger activity would directly affect the estimated value of Vujko's stake. APR filings would capture this.
• Personal financial events: Marriage, divorce, inheritance, or major property transactions would all affect personal net worth but are harder to track without access to court records or voluntary disclosures.

As a practical rule, any net worth estimate for a private individual should be re-evaluated at least annually, and any time a major business or personal event is publicly reported. The figure cited in this article reflects the state of publicly available information as of May 2026.

How reliable is this estimate, and how to sanity-check it

This estimate is moderately reliable at the order-of-magnitude level (tens of millions of euros, not hundreds, and not hundreds of thousands) but carries meaningful uncertainty at the specific figure level. Here is why, and what you should watch out for:

• Private company valuation is inherently uncertain: Without audited financial statements or a market transaction (sale, IPO, equity round), you cannot know Millennium Team's precise value. The estimate uses reasonable assumptions about revenue multiples and asset base, but a different set of assumptions could push the range up or down.
• Debt is invisible without disclosure: A company with 30 million euros in assets and 25 million euros in debt leaves its owner with very little net equity. Debt levels at Millennium Team are not publicly known, which is why the lower end of the range matters.
• Personal liabilities are not tracked: Even if the company is healthy, personal guarantees, private loans, or tax obligations could reduce Vujko's personal net worth independently of the business.
• Common estimation pitfalls to avoid: Do not conflate company revenue with personal wealth. High-revenue construction companies often operate on thin margins and carry large project-related debts. Revenue is not profit, and profit is not personal net worth.
• How to sanity-check the number: Cross-reference the APR beneficial ownership registry, search the cadastre for personal property, review SeeNews and Serbian business press for any disclosed company financials or transaction news, and compare against similar profiles in the regional business landscape. If multiple independent checks converge on a similar range, confidence increases.
• Outdated information: Any figure that cites sources older than 12 to 18 months should be treated with extra caution in a fast-moving construction and real estate market. The Ritz-Carlton subsidy news from January 2026 is the most recent material data point available and should be weighted accordingly.

To put it plainly: the 10 to 30 million euro range is the most defensible estimate you can construct from public information available today, but it is a range for a reason. The honest answer is that Stojan Vujko is a significant private business figure in Serbia whose full financial picture is not publicly transparent, which is entirely normal for privately held companies in this region. What the evidence does clearly support is that he is a materially wealthy individual whose primary wealth driver is a 20-plus year construction and real estate business currently involved in one of Belgrade's most high-profile hotel development projects. If you are specifically looking for vјојin Popović net worth figures, compare similar publicly reported sources and note that privately held individuals often only have estimates, not audited disclosures.