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

Santiago's Gran Torre skyscraper viewed with foreboding

Its owner, German-born supermarket magnate Horst Paulmann, once gushed that the site will be for Santiago what the Eiffel Tower is for Paris - a comparison that raised eyebrows, if not sniggers. The Gran Torre is emblematic of a country with strong ...
Posted: December 16, 2012, 10:16 pm

Gujarati college dropout among Forbes' new billionaires

The Gujarati college dropout Shahid Balwa, and a Pakistani exporter Mian Muhammad ... Out of the 97 debutantes in the list, the richest is Chile's Horst Paulmann and family, with a fortune of $5 billion. Paulmann established Cencosud, one of Chile's ...
Posted: March 11, 2010, 10:05 am

Council of the Americas Announces Final Group Of Honorees Of The 23rd Bravo Business Awards

María Fernanda Mejía, senior vice president of Kellogg Company and president of Kellogg Latin America, joins José Ángel Gurría, Horst Paulmann, Fernando González, Ed Bastian, Andrés Conesa, and Jorge Pérez as the final member of this group of ...
Posted: September 21, 2017, 7:43 am
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