How rich is Horst Paulmann?
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Horst Paulmann Net Worth, Wiki & Biography in 2017
Horst Paulmann Kemna is a Kassel, Germany-born German-Chilean entrepreneur best known for being the founder, CEO and Chairman of the holding company named Cencosud based in Chile. Born on 22 March 1935, Horst is also famous for being the second richest man in Chile as well as one of the richer people in the world. A retail tycoon, Horst has been active in business since 1978 and is identified as both a Chilean and German national.
One of the most successful businessman in Chile and all over the world, one may wonder how rich is Horst Paulmann as of early-2016? At the present, Horst has a net worth of $3.7 billion which has obviously been amassed from his involvement in business. Being the CEO and president of the largest retail chain in Chile, Cencosud has contributed a lot to Horst and is still adding extensively to his riches.
Horst Paulmann Net Worth $3.7 Billion
Initially raised in Kassel, Germany, Horst emigrated to Chile at the age of thirteen along with his parents and seven siblings. After settling down in the city Temuco, Horst’s father bought a local restaurant to convert it into a supermarket. After his father’s death, Horst and his brother Jurgen Paulmann went on to open a chain of the supermarket all over Chile, which would later be known as Cencosud. The retail marketer Cencosud was founded on 10 November 1978 by Horst and went on to grow in the good hands of Horst and his brother Jurgen. As of now, it is the largest retail marketer in Chile and the third largest in all of Latin America.
Currently, the company employs around 150,000 people in several countries including Argentina, Brazil, Colombia and others where Cencosud operates its chains. The company also owns the tallest tower in South America, the Costanera center in Santiago along with a six-storey mall, office towers and a hotel. Although the company began to trade its shares in 2004, the Paulmann family is still the largest shareholder, and of course, this is the major reason behind Horst being the richest person in Chile with billions of dollars of net worth.
During his career as an entrepreneur, the retail tycoon Paulmann has been rewarded with many honors and awards including Diego Portales Award for Outstanding Entrepreneur, ICARE Award for Entrepreneur of the year in 2005. He has also won Konex Awards as the Service and Commerce Entrepreneur in 2008. More recently, he was titled World Entrepreneur of the year 2012 by Ernst & Young. All of these recognitions have managed to make Horst one of the most successful and highly regarded entrepreneurs and businessmen in the world.
Currently, Horst lives in Santiago de Chile in Chile with partner Helga Koefper. He is a father to three children, Manfred, Heike and Peter Paulmann Koepfer, all of whom are involved with Cencosud. For now, 80 years old Horst enjoys his life as a retail tycoon while his present net worth of $3.5 billion has been complementing to his career as well as his daily life.
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