What is Horst Paulmann’s Net Worth?
Horst Paulmann is a businessman who has a net worth of $5.6 billion {dollars} which makes him one of many richest individuals in Chile. Born in Germany, Horst Paulmann moved to Chile simply after World War II. He went on to create an enormous retail empire. He opened his first grocery retailer, Hipermercados Jumbo within the mid-70s. Since then, that first retailer has grown to over 600 supermarkets, unfold out throughout Chile, Argentina, Peru, and Brazil. He subsequently launched Cencosud, a holdings firm that controls his grocery store pursuits, in addition to insurance coverage teams, retail shops, malls, leisure facilities, and a journey company. His family owns 63% of Cencosud, and his kids are all members of the board. Cencosud is at present constructing the Costanera Center. When accomplished, the constructing would be the tallest in Santiago. He has not too long ago run into bother with the Chilean authorities for allegedly pretending to provide earthquake aid, after which promoting the products to the Chilean authorities as an alternative of donating them.
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