Iris Fontbona

Iris Fontbona
Born Iris Balbina Fontbona González
1942/1943 (age 74–75)[1]
Residence Santiago, Chile
Citizenship Chile
Net worth US$12.9 billion (March 2017)[1]
Spouse(s) Andrónico Luksic Abaroa (deceased)
Children 3; including Jean-Paul Luksic Fontbona

Iris Balbina Fontbona González (born 1942/1943) is a Chilean billionaire businesswoman, the widow of Andrónico Luksic Abaroa, from inheriting Antofagasta PLC. She is the wealthiest person in Chile, one of the fifth wealthiest in Latin America, and the 101st wealthiest person in the world.

Fortune

Fontbona is one of the richest people in the world, missing the list of top 100 on the Forbes list by one spot in 2016. She was the fifth wealthiest person in Latin America in 2016.[2] She is the richest person in Chile, with a net worth as of March 2017 of $12.9 billion.[1]

In 2016, her wealth was estimated at US$9.9 billion, a decrease from the previous year.[3][4] She consistently ranks as one of the top ten richest women in the world on a list that generally includes only heiress.[5][6][7]

In 2014, Forbes considered Iris Fontbona & family to be the 4th richest family in Latin America.[8] She is the only woman to appear on Forbes list from Latin America.[4] For several years, she was one of only two billionares in Chile on the list, before being joined by nine others in 2016.[9] In 2015, she was ranked 82nd on the Forbes list.[10] In 2013, Fontbona was ranked the 35th richest person on Bloomberg's Billionare List.[11][3] This position fell to 83rd in 2016.[12] Fontbana lost a quarter of her wealth in 2012.[13][14]

Fontbona acquired her wealth following the death of her husband, Andrónico Luksic Abaroa, in 2005 from cancer.[15][4][16][14]

The bulk of her husband's business went to their three sons, Guillermo, Jean Paul and Andronico. Jean Paul manages Antofagasta, Luksic Group's copper mining group and one of the largest mining companies in the world.[3][15]

Business

Fontbona and her family control Antofagasta, the Santiago-based mining company. Through the publicly-traded company Quiñenco, they control Banco de Chile, Madeco, a copper products manufacturer, the country's largest brewer CCU, and a shipping company, CSAV.[17] CSAV is the world's 16th largest shipping company as measured by TEUs.[18] In 2013, she controlled 65% of Antofagasta.[13]

Following the death of her husband, business of her husband under her control, "Fontbona managed to make their family business grow and reach its new heights of success".[15]

This included turning the business in the second biggest bank in Chile, the biggest brewer in the world, manager of the largest copper mines in the world and controlling the world's largest shipping company.[3][13] Another one of her businesses is a pair of luxury hotel chains and a luxury resort in Croatia.[19][20] One of her first major actions following her husband's death was to acquire a 70% stake in Chilean television station, Canal 13.[21] Much of her power in the company appears to be indirect. Major business decisions impacting the company largely run by her son, Andrónico Luksic Craig, need to be approved of by Fontbona.[21]

Philanthropy

In 2015, Fontbona donated a record $4.3 million to the annual Chilean Telethon, which seeks to help children with physical disabilities.[1][4] She appears on television for a telethon, which also takes place before a live audience.[4]

In 2016, she donated another large sum, $4.400 millones, which assisted in setting a record for the charity event in terms of funds raised.[22][23]

Background

Fontbona was born in 1942, and attended a Catholic high school. When she was a 17-year-old, she met Andrónico Luksic Abaroa who was 20 years older than her and married him by the time she was 18.[4][24] Luksic had five children by his first wife, Patricia Lederer, who had predeceased him. Fontbona became the mother of Andrónico Luksic Craig when he was a 7-year-old.[4] Another son was Guillermo Luksic, who died of lung cancer in 2013.[25][16] The couple had three children of their own.[26] One son, Davor Luksic, was mentioned as having several offshare companies in the Panama Papers.[27]

Fontbona spends time in three primary residences, including Vitacura, Santiago, Chile, along with Belgravia in London, and in Liechtenstein.[1][27] She is a devout Roman Catholic. She keeps a low profile but garners much media attention annually during the Chilean Telethon. She does not grant interviews.[4]

Her nephew is Rodrigo Terré.[28]

References

  1. 1 2 3 4 5 "The World's Billionaires: Iris Fontbona & family". Forbes. Retrieved 16 July 2015.
  2. ↑ Rodriguez Rodriguez, Andres (3 March 2016). "Solo hay cinco latinoamericanos entre las 100 mayores fortunas". El País (in Spanish). Retrieved 10 March 2017.
  3. 1 2 3 4 "Iris Fontbona: The Success Story of the Richest Latina". Latin Post. 12 January 2016. Retrieved 10 March 2017.
  4. 1 2 3 4 5 6 7 8 Rosa del Pino, Andrea M. (7 November 2016). "La vida secreta de la latina más rica del mundo, la viuda Iris Fontbona". El Mundo (in Spanish). Retrieved 10 March 2017.
  5. ↑ "Forbes 2014: World's richest women". CNN. Retrieved 10 March 2017.
  6. ↑ "The world's 9 wealthiest women". Retrieved 10 March 2017.
  7. ↑ Tulshyan, Ruchika. "The Rise Of Female Billionaires And A New Approach To Leaning In". Forbes. Retrieved 10 March 2017.
  8. ↑ Alexander, Dan (19 March 2014). "Meet The Richest Billionaires In Latin America". Forbes. Retrieved 10 March 2017.
  9. ↑ Albino, Isabel. "The Richest People In Latin America 2016". Forbes. Retrieved 10 March 2017.
  10. ↑ "Así han cambiado las mayores fortunas de Chile desde 2010". La Red de Prensa Más Grande de Chile (in Spanish). 2 March 2015. Retrieved 10 March 2017.
  11. ↑ "Slim se consolida como el más rico en la lista de la revista 'Forbes'". El País (in Spanish). 4 March 2013. Retrieved 10 March 2017.
  12. ↑ Quast, Rubén (28 December 2016). "Millonarios multiplican sus fortunas en 2016: la chilena Iris Fontbona también". BioBioChile - La Red de Prensa Más Grande de Chile (in Spanish). Retrieved 10 March 2017.
  13. 1 2 3 "Iris Fontbona: la vedova d'oro brucia 5 miliardi". ilsole24ore.com. Retrieved 10 March 2017.
  14. 1 2 Roper, Matt (24 May 2012). "Reclusive, clumsy... and the richest woman in the world: Meet the £18bn Iron Lady". mirror. Retrieved 10 March 2017.
  15. 1 2 3 Bongat, Maureen (12 January 2016). "Iris Fontbona: The Success Story of the Richest Latina". Latin Post. Retrieved 10 March 2017.
  16. 1 2 "The 10 richest women in the world aren't entrepreneurs, but heiresses". Washington Post. Retrieved 10 March 2017.
  17. ↑ "Bloomberg Billionaires Index: Iris Fontbona". Bloomberg LP. Retrieved 10 March 2017.
  18. ↑ "Compañía Sud Americana de Vapores S.A. (CSAV)". BNamericas. Retrieved 10 March 2017.
  19. ↑ "Meet the world's richest women worth a combined $220billion". Mail Online. Retrieved 10 March 2017.
  20. ↑ "Forbes' rich list: Meet the wealthiest person in 34 major countries". Financial Post. Retrieved 10 March 2017.
  21. 1 2 Rosa del Pino, Andrea M. (7 November 2016). "La vida secreta de la latina más rica del mundo, la viuda Iris Fontbona". El Mundo (in Spanish). Retrieved 10 March 2017.
  22. ↑ "La histórica y multimillonaria donación que realizó la familia Luksic en Teletón 2016". El Dínamo (in Spanish). Retrieved 2017-03-10.
  23. ↑ "Familia Luksic hizo histórica donación en medio de pifias del público". Chilevision.cl (in Spanish). Retrieved 10 March 2017.
  24. ↑ "The world's 9 wealthiest women". Retrieved 10 March 2017.
  25. ↑ "Guillermo Luksic of Chile’s Richest Family Dies of Lung Cancer". Bloomberg.com. 28 March 2013. Retrieved 10 March 2017.
  26. ↑ "World’s richest 40 people worth $1 trillion". thestar.com. Retrieved 10 March 2017.
  27. 1 2 "La hija de Al Bano y Romina se casa con un millonario latino-croata". ELMUNDO (in Spanish). Retrieved 10 March 2017.
  28. ↑ Online, Diario Financiero (8 March 2017). "Luksic en picada contra WSJ por vincularlo con casa que arrienda Ivanka Trump". Diario Financiero (in Spanish). Retrieved 10 March 2017.
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