Horst Paulmann Net Worth is$9.3 Billion
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Date of Birth: 1936
Net Worth: View Horst Paulmann Net Worth
What is Horst Paulmann's net worth? Horst Paulmann's net worth is $9.3 billion dollars which makes him one of the richest people in Chile. Born in Germany, Horst Paulmann moved to Chile just after World War II. He went on to create a massive retail empire. He opened his first grocery store, Hipermercados Jumbo in the mid-70s. Since then, that first store has grown to over 600 supermarkets, spread out across Chile, Argentina, Peru, and Brazil. He subsequently launched Cencosud, a holdings company that controls his supermarket interests, as well as insurance groups, retail stores, malls, entertainment centers, and a travel agency. His family owns 63% of Cencosud, and his children are all members of the board. Cencosud is currently building the Costanera Center. When completed, the building will be the tallest in Santiago. He has recently run into trouble with the Chilean government for allegedly pretending to supply earthquake relief, and then selling the goods to the Chilean government instead of donating them.
Horst Paulmann is a German-Chilean businessman. He is the CEO and Chairman of the Board of Cencosud.
Horst Paulmann was born in 1936 in Germany. He immigrated to Chile as a teenager after the Second World War. In 1976, he opened the first Hipermercados Jumbo and he has forty-three as of 2011, in Chile, but also in Argentina, Brazil, Peru and Colombia. He has served on the Board of Directors of Banco Paris and the Costanera Center. He is a member of the Latin American Advisory Board of Deutsche Bank.
He lives in Santiago. According to the March 2011 issue of Forbes, he is worth US$10.5 billion. He owns 64% of Cencosud. He is the second richest person in Chile, and the 75th richest person in the world. In 2008, he received an honorary diploma from the Konex Foundation.
He is married with three children. All three sit on the Board of Directors of Cencosud.

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Horst Paulmann Latest News

Carrefour shares up on Colombia sale to Cencosud

Shares in Carrefour ... well as in Colombia since 2007. "Not only are we acquiring a great operation, but we're also entering an extraordinary market, which wouldn't have been possible via organic growth," said Cencosud president Horst Paulmann.
Posted: December 8, 2017, 8:32 am

Gates widens lead over Slim as richest lose $27 billion

Thomson Reuters is a competitor of Bloomberg News. Billionaire Horst Paulmann's Cencosud SA is handing bondholders the best returns among high-grade Chilean debt as the retailer's $1.6 billion share sale trims the record leverage that put it at risk of a ...
Posted: June 2, 2013, 9:00 am

Cencosud shareholders okay $1.5 bln capital hike

Horst Paulmann's family, which has a 60.8% stake in Cencosud as of Sept. 30, will fully subscribe to the increase as part of shareholders' preemptive right. The equity transaction will also have around $150 million in stock option for employees ...
Posted: November 20, 2012, 4:10 am
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