Horst Paulmann
Birthname Horst Paulmann Kemna Birthplace Kassel, Germany Profession CEO Net worth $3,700,000,000 Source of Wealth Retail Nationality Chilean-Germany Country Germany Marital Status Divorced Children 3Horst Paulmann is a German-Chilean businessman with an estimated net worth of $3.7 billion as of December 2015 in keeping with Forbes.
Paulmann started collecting his estimated net worth of $3.7 billion because the CEO and Chairman of the Board of Cencosud, the operator of a series of supermarkets, department stores, banks, insurance teams, entertainment facilities, and a commute agency. He and his circle of relatives personal 61% of $15.6 billion 2011 revenues of the company and his three kids are all participants of the board. The company is currently working on the Costanera Center. Once completed, it is going to be the tallest development (960 toes) in Santiago. During its first three months of operation, an estimated 7 million folks visited the 250-store mall. In 2012, it has won over Wal-Mart in the acquire of Carrefour’s Colombian operation for $2.6 billion. It also purchased the nearly 39% stake of Jumbo Retail Argentina that it did not but own for $484 million.
Before that, Horst Paulmann opened the first Hipermercados Jumbo and he already has forty three grocery stores as of 2011. He still continues to create a massive retail empire which has already expanded throughout Chile, Colombia, Argentina, Peru and Brazil. Currently, it has 917 stores and 29 shopping centers.
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