Forbes: Américo Amorim and Soares dos Santos are richer

  • ECO News
  • 22 March 2017

Both businessmen are on top of the list of the richest Portuguese, but only Soares dos Santos went up in this Monday's ranking by Forbes magazine. Belmiro de Azevedo is no longer on third place.

Américo Amorim is once again the richest Portuguese in the world, according to Forbes’ list of the largest billionaires. The “king of cork” has seen his fortune increase, but decreased 16 places in the global ranking (to the 385th place), as well as every other Portuguese except Alexandre Soares dos Santos. The entrepreneur Belmiro de Azevedo is no longer on third place.

At 82 years old, Américo Amorim is in 385th place, with a fortune of 4.4 billion dollars. The “king of cork” is richer than last year, thanks to the 48% increase in the value of the shares from Corticeira Amorim made last year. Even so, it decreased 16 places in the North-American magazine ranking.

In second place among the richest Portuguese is Alexandre Soares dos Santos, with a fortune of 2.7 billion dollars. The former leader of Jerónimo Martins, who went up 200 places in last year’s edition, was the only Portuguese to go up in the ranking. His fortune grew and Soares dos Santos went up 109 places to 745th in the overall list: yes, Jerónimo Martins’ securities added up to 10% on all sessions between March 2016 and March 2017.

Belmiro de Azevedo comes in 1376th place. Sonae‘s fortune shrunk by one million dollars last year to 1.5 billion,  with Sonae’s shares devaluing, approximately, 15% in the same period. The retail entrepreneur, at 79 years old, decreased 255 places in the overall ranking and is not even among the three richest Portuguese businesspeople.

In third place comes Demetrio Carceller Coll, with a 2.1 billion dollars‘ fortune. The businessman, who holds the gas company Disa Corp. in the Canary Islands and the Spanish brewer Damm lives, allegedly, in London and Portugal, which is why, this year, he dethrones Belmiro de Azevedo and becomes the third richest Portuguese on the list.

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