Belmiro de Azevedo’s profile picture

Belmiro de Azevedo

Belmiro de Azevedo’s profile picture
Net worth 2018: $1.5 Billion
Industry: Diversified
Country: Portugal
BirthDay: 17 February 1938
Sigh: Pisces
Died On: 29/11/2017
Children: 3
Education: Bachelor of Arts / Science, Oporto University; Master of Business Administration, Harvard University
BIOGRAPHY

Belmiro de Azevedo was bornon 17 February 1938 in Portugal. Portuguese billionaire Belmiro de Azevedo died in November 2017 at age 79. He began working at age 27 at a small Portuguese manufacturer called Sonae, became CEO at 29 and, over more than four decades, turned it into a large international holding company. He expanded Sonae into supermarkets in 1985, hotels in 1986, technology in 1988, real estate in 1989 and media in 1990. In 2015 de Azevedo stepped down as chairman of Sonae's board. He owned majority stakes in two spinoffs, construction materials producer Sonae Industria and Sonae Capital, which manages hotels and provides solar power. Azevedo was the son of a carpenter father and seamstress mother. He is survived by his wife and three children, including his son Paulo, who became CEO of Sonae in 2007. Forbes estimated Azevedo's net worth at $1.5 billion on the 2017 list of the World's Billionaires.

NET WORTH STATISTIC
2010

$1.5 Billion

2011

$1.5 Billion

2012

$1 Billion

2013

$1.45 Billion

2014

$2.5 Billion

2015

$2 Billion

2016

$1.6 Billion

2017

$1.5 Billion

2018

$1.5 Billion

TIMELINE
2017

He died in the CUF Hospital in Porto, on 29 November 2017

2006

In 2006, Sonae launched an unsuccessful hostile bid to control Portugal Telecom (PT), the number one Portuguese telecommunications operator

1974

Magalhães put Azevedo in charge of Sonae during the turbulent years following the 1974 Carnation Revolution that culminated in the seizure of the company by the Government

1965

He was married to Maria Margarida Carvalhais Teixeira and had three children: Duarte Paulo Teixeira de Azevedo, born 31 December 1965 and married to Nicole Katharina Gerkrath, his father's successor in the company business, Maria Cláudia Teixeira de Azevedo and Nuno Miguel Teixeira de Azevedo, who also followed his father's footsteps in the family business

1938

Belmiro Mendes de Azevedo (17 February 1938 – 29 November 2017) was a Portuguese entrepreneur, ranked by Forbes as the 605th richest person in the world (2008), as well as the 2nd richest in Portugal, with an estimated wealth of US$ 2 billion

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