Abílio dos Santos Diniz Net Worth

How much is Abílio dos Santos Diniz Worth?

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Abílio dos Santos Diniz Net Worth
Net Worth:
$4 Billion
Date of Birth
December 28, 1936
Place of Birth
São Paulo
Profession
Race car driver

Abilio dos Santos Diniz Net Worth: Abilio dos Santos Diniz is a Brazilian retailer who has a net worth of $4 billion. Born on 28 Decembre 1936 in Sao Paulo, Abilio dos Santos Diniz made his fortune as the Chairman of Companhia Brasileira de Distribuicao (CBD), Brazil's leading retailing company. In 1948, his father Valentim, a Portuguese immigrant, started Pao de Acucar as a bakery. Upon his graduation from the University in Sao Paulo in 1959, Ablio helped his father in turning the family business into a multimillion-dollar chain of retail CBD. An event that marked Ablio's life was his kidnapping in December 1989, by Canadian extremists that held him underground for a week until the federal police set him free. The kidnapping happed on the same day as the first Brazilian democratic president election, and many found some connection between the two. After his kidnapping, Ablio returned a single-minded man who succeeded in selling a large stake to French retailer company Casino Guichard-Perrachon SA for $860 million, stepped down as CEO, but served as Chairman. Moreover, Ablio was actively involved in car racing when he was young, and together with his brother Alcides, they won the 1970 Mil Milhas Brasil. Following in his father's footsteps, his son Pedro Diniz is a former Formula One driver.

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Abílio dos Santos Diniz

Abílio dos Santos Diniz

Abílio dos Santos Diniz a Brazilian businessman. He is the former chairman of the Brazilian retail chain Grupo Pão de Açúcar, and victim of a famous kidnapping. Abílio Diniz is the father of former Formula One driver Pedro Diniz, whose career was largely funded by his f...
Profession
Date of Birth
  • December 28, 1936
Nicknames
  • Abilio dos Santos Diniz
Nationality
  • Brazil
Country
  • Brazil
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