Horst Paulmann
One Of The Richest People In Chile

Born in 1936, Horst Paulmann grew up in Germany. During his childhood, his father was an active member of Hitler's SS and was investigated for his role in the Auschwitz camp. Following the end of World War II, the family escaped to Chile. Horst Paulmann opened up the Hipermercados Jumbo in 1976.  

There are currently 600 of these markets in operation throughout Colombia, Chile, Argentina, Peru and Brazil. Presently, Horst Paulmann works as the owner of Hipermercados Jumbo and on the board for the Latin American branch of the Deutsche Bank. 

In addition, he was previously on the board of directors for the Banco Paris as well as the Costanera Center. To control his interests in different businesses, Horst Paulmann started the Cencosud holding company. This holding company runs his supermarket, stores, entertainment centers, travel businesses, malls and insurance groups. 

The Paulmann family currently owns 63 percent of Cencosud and is working on making the Costanera Center to house it. When the building is finished, it will be the tallest in all of Santiago, Chile. Paulmann was given an honorary degree from the Konex Foundation in 2008 and has three children with his ex-wife. He has a total net worth of $9.7 billion. 

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