Eduardo Eurnekian’s profile picture

Eduardo Eurnekian

Eduardo Eurnekian’s profile picture
Net worth 2018: $2.74 Billion
Industry: Diversified
Residence: Buenos Aires, Argentina
Country: Argentina
BirthDay: 4 December 1932
Sigh: Capricorn
BIOGRAPHY

Eduardo Eurnekian was bornon 4 December 1932 in Buenos Aires, Argentina, Argentina. Eduardo Eurnekian is #869 in List Billionaires People In The World. Eduardo Eurnekian, the son of Armenian immigrants to Argentina, first delved into the textiles industry, then the cable TV business in the 1980s. He added to his media portfolio, buying radio stations, newspapers, and a TV channel. In the 1990s, he netted $750 million with the sale of cable TV firm Cablevision, as a wave of privatization brought capital into Argentina. In the late 1990s, he led a consortium that secured a 30-year concession to build and operate Argentina's airports. Today, he and partners have a portfolio of more than 50 airports in multiple countries with reported revenues of $2 billion, including the first privately operated airports in Brazil. After Argentina's economic crash in 2001, he bought assets through his Corporacion America, a holding company that owns more than 260,000 acres of land dedicated to crops, cattle and vineyards. It also owns an infrastructure development company, a chip factory called Unitech Blue, a biodiesel production facility, and land in Armenia used for fruit production and wine. Eurnekian has been investing in oil and gas in Argentina. In 2011, he sold 21 duty free shops in Argentina, Uruguay, Ecuador, Martinique and Armenia to Switzerland's Dufry AG for $957 million. He has never married and has no children.

NET WORTH STATISTIC
2012

$1.8 Billion

2013

$1.8 Billion

2014

$1.9 Billion

2015

$1.9 Billion

2016

$2.2 Billion

2017

$2.3 Billion

2018

$2.74 Billion

TIMELINE
2013

As of March 2013, he is the second richest person in Argentina

2012

In 2012 he was awarded the Business for Peace award in Oslo, Norway

2001

On 17 December 2001, Eurnekian's Corporación América signed a 30-year concession agreement with the Armenian government for the management of operations of Zvartnots International Airport, which is Armenia's largest airport

2000

"Aeropuertos Argentina 2000," a consortium led by Eurnekian won a 30-year concession in 1998 to run 33 of the Argentina's main airports

1999

In 1999 he received in Italy the "Leonardo Award", given to the foreign businessman of the year

1997

for US$350 million and in 1997, netted US$320 million by selling most of his remaining shares to local investment giant CEI Citicorp Holdings SA

1995

He has been awarded as the "Business Man of the year" in 1995

1994

Eurnekian in 1994 sold a 51% stake in Cablevision S

1991

His investment became increasingly lucrative following Economy Minister Domingo Cavallo's implementation of the Convertibility Plan in 1991, which brought financial and price stability to Argentina during the 1990s

1990

Eurnekian has built an almost $1 billion media empire since the early 1990s and is now the majority owner of a consortium operating 76 airports worldwide, mostly across Argentina and elsewhere in South America as well as in Armenia

1988

The Eurnekian family reportedly borrowed heavily from the former Argentine small business lender, BANADE, and in 1988, Eduardo Eurnekian purchased "Cablevisión S

1981

His family established a textile manufacturer which prospered with the Argentine economy and became an important supplier to international sporting apparel firm Puma; but which, like many Argentine textile makers, nearly collapsed after Economy Minister José Alfredo Martínez de Hoz's round of free trade and deregulatory policies led to a severe crisis, in 1981

1932

Eduardo Eurnekian was born to Armenian immigrant parents on 4 December 1932

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