Americo Amorim’s profile picture

Americo Amorim

Americo Amorim’s profile picture
Net worth 2018: $4.4 Billion
Industry: Diversified
Country: Portugal
BirthDay: 21 July 1934
Sigh: Leo
Died On: 13/07/2017
Children: 3
BIOGRAPHY

Americo Amorim was bornon 21 July 1934 in Portugal. Americo Amorim was the richest person in Portugal when he died in July 2017. He spent six decades in his family's cork business, Corticeira Amorim, and invested in stakes in an energy company and banks in several countries. His grandfather started Corticeira Amorim in 1870; the company has dominated the cork industry ever since. Americo diversified the business from the port wine stoppers his grandfather began making to products such as cork composite board and furniture, and extended its reach from Portugal to the rest of the world. In 2005 he started Angola's Banco Internacional de Credito with Isabel dos Santos, the billionaire daughter of Angolan President Jose Eduardo Santos. In 2014 he sold his stake to Isabel dos Santos. At the time of his death, Amorim's biggest asset was an 18% stake in Portuguese oil and gas company Galp Energia, which he chaired until handing over the reins to eldest daughter Paula, a longtime executive at the firm, in October 2016.

NET WORTH STATISTIC
2009

$3.3 Billion

2010

$4 Billion

2011

$5.1 Billion

2012

$4.4 Billion

2013

$4.1 Billion

2014

$5.3 Billion

2015

$4.4 Billion

2016

$4.1 Billion

2017

$4.4 Billion

2018

$4.4 Billion

TIMELINE
2015

He was ranked by Forbes as the 385th richest person in the world in January 2015

1934

Amorim was born in Mozelos in 1934, the fifth of eight children of Américo Alves Amorim, into a "modest family"

1870

He owned a 50% interest in Corticeira Amorim, founded by his grandfather in 1870, and the world's largest producer of cork, with $650 million in sales

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