Juan Cuneo Solari & family was born in Chile. Juan Coneo Solari joins the Forbes Billionaires list thanks to stakes he shares with his daughthers, Paola Cuneo Queirolo and Giorgianna Cuneo Queirolo, at SACI Falabella, Chile's largest retail company by market capitalization. Falabella started in 1889 as the first large tailor shop in Chile. In the 1930s Piero's uncle, Alberto Solari, joined Falabella, expanded it into women's clothing and housewares and brought in members of his family to help and to enjoy the financial rewards that came with stellar growth. Falabella has become a Latin powerhouse, employing more than 80,000 people in Colombia, Peru, Chile and Argentina. Juan Coneo is the chairman of Falabella, which has announced plans for $3.92 billion in investments during the 2013-2017 period. He holds a degree in commerce and engineering sciences from Pontificia Universidad Catolica de Chile.