Eduardo Eurnekian

About Eduardo Eurnekian

Birth Day: December 04, 1932
Birth Place: Buenos Aires, Argentina, Argentina
Birth Sign: Capricorn

Eduardo Eurnekian Net Worth

Eduardo Eurnekian was bornon December 04, 1932 in Buenos Aires, Argentina, Argentina. Eduardo Eurnekian, the son of Armenian immigrants to Argentina, first delved into the textiles industry, then the cable TV business in the 1980s. He added to his media portfolio, buying radio stations, newspapers, and a TV channel. In the 1990s, he netted $750 million with the sale of cable TV firm Cablevision, as a wave of privatization brought capital into Argentina. In the late 1990s, he led a consortium that secured a 30-year concession to build and operate Argentina's airports. Today, he and partners have a portfolio of more than 50 airports in multiple countries with reported revenues of $2 billion, including the first privately operated airports in Brazil. After Argentina's economic crash in 2001, he bought assets through his Corporacion America, a holding company that owns more than 260,000 acres of land dedicated to crops, cattle and vineyards. It also owns an infrastructure development company, a chip factory called Unitech Blue, a biodiesel production facility, and land in Armenia used for fruit production and wine. Eurnekian has been investing in oil and gas in Argentina. In 2011, he sold 21 duty free shops in Argentina, Uruguay, Ecuador, Martinique and Armenia to Switzerland's Dufry AG for $957 million. He has never married and has no children.
Eduardo Eurnekian is a member of Diversified

💰 Net worth: $2.7 Billion (Updated at 22 June 2018)

2012 $1.8 Billion
2013 $1.8 Billion
2014 $1.9 Billion
2015 $1.9 Billion
2016 $2.2 Billion
2017 $2.3 Billion
2018 $2.74 Billion

Some Eduardo Eurnekian images

Biography/Timeline

1932

Eduardo Eurnekian was born to Armenian immigrant parents on 4 December 1932. His family established a textile manufacturer which prospered with the Argentine economy and became an important supplier to international sporting apparel firm Puma; but which, like many Argentine textile makers, nearly collapsed after Economy Minister José Alfredo Martínez de Hoz's round of free trade and deregulatory policies led to a severe crisis, in 1981.

1988

The Eurnekian family reportedly borrowed heavily from the former Argentine small Business lender, BANADE, and in 1988, Eduardo Eurnekian purchased "Cablevisión S.A," then a failing local cable tv station. His investment became increasingly lucrative following Economy Minister Domingo Cavallo's implementation of the Convertibility Plan in 1991, which brought financial and price stability to Argentina during the 1990s. Eurnekian in 1994 sold a 51% stake in Cablevision S.A. (by then Argentina's second-largest cable operator), to Tele-Communications Inc. for US$350 million and in 1997, netted US$320 million by selling most of his remaining shares to local investment giant CEI Citicorp Holdings SA.

1990

Eurnekian has built an almost $1 billion media empire since the early 1990s and is now the majority owner of a consortium operating 76 airports worldwide, mostly across Argentina and elsewhere in South America as well as in Armenia. He also owns 2,000 square kilometres of land and food processing factories in northern Argentina. He has been awarded as the "Business Man of the year" in 1995. In 1999 he received in Italy the "Leonardo Award", given to the foreign businessman of the year. He also received the highest awards in Armenia for his activities. In 2012 he was awarded the Business for Peace award in Oslo, Norway.

2000

Eurnekian also held controlling interest in "América TV", four radio stations and a Buenos Aires financial daily, El Cronista. "Aeropuertos Argentina 2000," a consortium led by Eurnekian won a 30-year concession in 1998 to run 33 of the Argentina's main airports. He also bought the Howard Johnson's master franchise in Argentina from Cendant, and invested in a regional airline company, LAPA.

2001

On 17 December 2001, Eurnekian's Corporación América signed a 30-year concession agreement with the Armenian government for the management of operations of Zvartnots International Airport, which is Armenia's largest airport. The company launched the construction of a new terminal which brought the airport into conformity with international standards. The total cost of the project was more than $50 million.