Abilio dos Santos Diniz’s profile picture

Abilio dos Santos Diniz

Abilio dos Santos Diniz’s profile picture
Net worth 2018: $3.15 Billion
Residence: Sao Paulo, Brazil
Country: Brazil
BirthDay: 28 December 1936
Sigh: Capricorn
Children: 6
Education: Bachelor of Arts / Science, Fundacao Getulio Vargas
BIOGRAPHY

Abilio dos Santos Diniz was bornon 28 December 1936 in Sao Paulo, Brazil, Brazil. Abilio dos Santos Diniz is #635 in List Billionaires People In The World. Retail tycoon Abilio dos Santos Diniz sold his last remaining shares of Grupo Pao de Acucar in 2014 for $150 million, marking his exit from the company founded by his father, a Portuguese immigrant, in 1948. Under Diniz's management, Grupo Pao de Acucar became Brazil's largest retailer. In 2012, he sold a stake of the company to Groupe Casino, France's second-largest retailer. Soon after, the relationship with the French partner went awry and Diniz ceded control of Grupo Pao de Acucar to Casino in September 2013. Diniz has since been chairman of the board of meat processor Brasil Foods (BRF), one of Grupo Pao de Acucar's largest suppliers. In 2016, Diniz became one of the largest individual shareholders of Carrefour SA and was nominated to the board of the French retailer that has over 380 thousand employees worldwide. In 1989 Diniz was kidnapped by Canadian terrorists and held underground for seven days until the federal police set him free. He's penned a memoir describing his six tenets to a balanced life--physical activity, nutrition, stress management, self-knowledge, love and faith. He is a fan of Sao Paulo FC, one of Brazil's largest teams, and often blogs and tweets about the team.

NET WORTH STATISTIC
2009

$1.5 Billion

2010

$3 Billion

2011

$3.4 Billion

2012

$3.6 Billion

2013

$3.7 Billion

2014

$2.8 Billion

2015

$4.4 Billion

2016

$3.4 Billion

2017

$3.3 Billion

2018

$3.15 Billion

TIMELINE
2015

In April 2015, Diniz announced he was wrapping up talks to raise his 5

2013

In April 2013, Diniz was elected as chairman of BRF, and in September, he has stepped down as chairman of GPA

2012

In 2012, Casino Group took control of Grupo Pão de Açúcar and Diniz no longer had operational functions within the group but remained as chairman

2011

In August 2011, Diniz was notified by the Federal Public Ministry of Brazil to give explanations in a criminal investigation

2010

During the 2010 elections, the offices of Bastos had helped Diniz pay 5

2009

In 2009, in one of the most expensive transactions of the Brazilian business history, Grupo Pão de Açúcar bought Casas Bahia from Samuel Klein, giving Abilio control of Pão de Açúcar, Casas Bahia, Ponto Frio and Extra Hipermercados

2002

In 2002, Diniz sold a large stake to the French company Casino Group for an estimated $860 million and stepped down as CEO, but remained as chairman

1996

Lamont confessed to involvement in the kidnapping, which was meant to raise money for Sandinista guerrillas, and the two were released and deported to Canada in 1996

1989

The kidnapping took place in the morning of the Brazilian presidential elections in Brazil in 1989

1970

Abílio also competed as a racecar driver in his youth and won the 1970 Mil Milhas Brasil with his brother, Alcides

1936

Abílio dos Santos Diniz (born December 28, 1936, in São Paulo) a Brazilian businessman

(3/141 votes)
Related Person
Leonardo Del Vecchio’s profile picture
Leonardo Del Vecchio
Net Worth is $22.33 Billion
Tadashi Yanai’s profile picture
Tadashi Yanai
Net Worth is $20.44 Billion
Stefan Persson’s profile picture
Stefan Persson
Net Worth is $16.41 Billion
Gerard Wertheimer’s profile picture
Gerard Wertheimer
Net Worth is $13.35 Billion
Michael Otto’s profile picture
Michael Otto
Net Worth is $11.06 Billion
John Menard, Jr.’s profile picture
John Menard, Jr.
Net Worth is $11.04 Billion