Horst Paulmann & family
$4.9B
Born
Jan 01, 1935
Age
90
Source of Wealth
Retail
Residence
Santiago,
Citizenship
Chile
Marital Status
Children
3
Education
- 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.
- In January 2016 Chilean regulators accused Cencosud of price-fixing fresh chicken between 2008 and 2011. The company denied the allegations.
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