Abilio dos Santos Diniz

About Abilio dos Santos Diniz

Birth Day: December 28, 1936
Birth Place: Sao Paulo, Brazil, Brazil
Birth Sign: Capricorn
Residence: São Paulo, Brazil
Alma mater: Fundação Getúlio Vargas Columbia University University of Dayton
Occupation: Chairman of BRF
Children: 6

Abilio dos Santos Diniz Net Worth

Abilio dos Santos Diniz was bornon December 28, 1936 in Sao Paulo, Brazil, Brazil. Retail tycoon Abilio dos Santos Diniz sold his last remaining shares of Grupo Pao de Acucar in 2014 for $150 million, marking his exit from the company founded by his father, a Portuguese immigrant, in 1948. Under Diniz's management, Grupo Pao de Acucar became Brazil's largest retailer. In 2012, he sold a stake of the company to Groupe Casino, France's second-largest retailer. Soon after, the relationship with the French partner went awry and Diniz ceded control of Grupo Pao de Acucar to Casino in September 2013. Diniz has since been chairman of the board of meat processor Brasil Foods (BRF), one of Grupo Pao de Acucar's largest suppliers. In 2016, Diniz became one of the largest individual shareholders of Carrefour SA and was nominated to the board of the French retailer that has over 380 thousand employees worldwide. In 1989 Diniz was kidnapped by Canadian terrorists and held underground for seven days until the federal police set him free. He's penned a memoir describing his six tenets to a balanced life--physical activity, nutrition, stress management, self-knowledge, love and faith. He is a fan of Sao Paulo FC, one of Brazil's largest teams, and often blogs and tweets about the team.
Abilio dos Santos Diniz is a member of Fashion and Retail

💰 Net worth: $2.5 Billion (Updated at 22 June 2018)

2009 $1.5 Billion
2010 $3 Billion
2011 $3.4 Billion
2012 $3.6 Billion
2013 $3.7 Billion
2014 $2.8 Billion
2015 $4.4 Billion
2016 $3.4 Billion
2017 $3.3 Billion
2018 $3.15 Billion

Some Abilio dos Santos Diniz images

Biography/Timeline

1989

The kidnapping took place in the morning of the Brazilian presidential elections in Brazil in 1989.

1996

Lamont and Spencer were sentenced to 28 years in prison for their involvement, but were kept in private cells, away from the mass of the prison population. The Canadian press and public started a major movement to secure their release, straining relations between Brazil and Canada. However, two Canadian investigative journalists, Isabel Vincent of the Globe and Mail and Caroline Mallan of the Toronto Star, wrote books concluding that Lamont and Spencer were likely guilty, and they were being treated well by Brazilian authorities. Lamont confessed to involvement in the kidnapping, which was meant to raise money for Sandinista guerrillas, and the two were released and deported to Canada in 1996.

2002

Diniz's Father, Valentim Diniz, founded the company Pão de Açúcar, which grew into a major retailer, Companhia Brasileira de Distribuiçao. In 2002, Diniz sold a large stake to the French company Casino Group for an estimated $860 million and stepped down as CEO, but remained as chairman. In 2009, in one of the most expensive transactions of the Brazilian Business history, Grupo Pão de Açúcar bought Casas Bahia from Samuel Klein, giving Abilio control of Pão de Açúcar, Casas Bahia, Ponto Frio and Extra Hipermercados. In 2012, Casino Group took control of Grupo Pão de Açúcar and Diniz no longer had operational functions within the group but remained as chairman.

2011

In August 2011, Diniz was notified by the Federal Public Ministry of Brazil to give explanations in a Criminal investigation. Diniz’s next move was to then call Criminal Lawyer Marcio Thomaz Bastos, one of the most well-known Criminal lawyers for those who had wealth. At this time, Diniz was President of the board of Directors for Pão de Açúcar. During the 2010 elections, the offices of Bastos had helped Diniz pay 5.5 million reais, to congressman Antonio Palocci to help fund the presidential campaign of Dilma Rousseff.

2013

In April 2013, Diniz was elected as chairman of BRF, and in September, he has stepped down as chairman of GPA.

2015

In April 2015, Diniz announced he was wrapping up talks to raise his 5.07 percent stake in Carrefour and that he had shareholder support to take a seat on the board of the supermarket.