Horst Paulmann Net Worth

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How much is Horst Paulmann worth?

$9.3 Billion

What is Horst Paulmann's net worth? Horst Paulmann's net worth is $9.3 billion dollars which makes him one of the richest people in Chile. Born in Germany, Horst Paulmann moved to Chile just after World War II. He went on to create a massive retail empire. He opened his first grocery store, Hipermercados Jumbo in the mid-70s. Since then, that first store has grown to over 600 supermarkets, spread out across Chile, Argentina, Peru, and Brazil. He subsequently launched Cencosud, a holdings company that controls his supermarket interests, as well as insurance groups, retail stores, malls, entertainment centers, and a travel agency. His family owns 63% of Cencosud, and his children are all members of the board. Cencosud is currently building the Costanera Center. When completed, the building will be the tallest in Santiago. He has recently run into trouble with the Chilean government for allegedly pretending to supply earthquake relief, and then selling the goods to the Chilean government instead of donating them.

Horst Paulmann Net Worth

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Brian Warner
Prior to launching Celebrity Net Worth, Brian spent seven years as the Managing Editor of one of the largest entertainment portals on the internet. Before that, Brian attended Georgetown University where he double majored in finance and marketing. A native of Northern California, Brian currently resides in Los Angeles. Follow him on Google+.
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