#697
Horst Paulmann & family
Overview
- Source of Wealth
- Retail
- Industry
- Fashion & Retail
- Residence
- Children
- 3
Assets
- Cencosud S.A.1,562,080,000 shares @ --CENCOSUD-CL
Biography
German-Chilean mogul Horst Paulmann is the founder of Cencosud, one of the largest retail conglomerates in Latin America.
The publicly-traded company has 120,000 employees and operations in Argentina, Brazil, Chile, Peru and Colombia; Paulmann and his family own a 55% stake.
As a teenager, Paulmann moved from his native Germany to Chile after World War II and opened his first supermarket in 1976.
Cencosud has nearly 1,500 supermarkets and dozens of shopping centers, including Costanera Center in Chile, South America's largest mall.
About
In January 2016 Chilean regulators accused Cencosud of price-fixing fresh chicken between 2008 and 2011. The company denied the allegations.