Native to Chile, Teresa Matilde Solari Falabella is an heiress. As an adult, she inherited a fortune that is now worth $3.4 billion. Her family owns and operates SACI Falabella. As the oldest retail company in Chile, it is also the nation's largest. It began when an Italian immigrant, Salvatore Falabella, began a tailor shop in 1889.
The husband of his grand-daughter, Alberto Solari, expanded the business during the 1930s to include a range of retail offerings. Before long, the business had expanded to Peru, Chile, Argentina and Columbia. Presently, it employs more than 80,000 workers. From 2013 to 2017, the company plans to invest $3.92 billion.
Teresa Matilde Solari Falabella's net worth comes from her inheritance from the family business. She is divorced and has two children from her marriage: Juan Carlos Cortes Solari and Maria Francisca Cortes Solari. In addition to her own shares, her children also have stakes in the company.
The main portion of the business is controlled by the Solari segment of the family while the del Rio Goudie family also holds some shares in the company. The shares Teresa Matilde Solari Falabbella owns in the company make her one of the richest individuals in all of Chile.