Horst Paulmann

Horst Paulmann Kemna is a German-Chilean billionaire entrepreneur. He is founder and chairman of Cencosud, the largest retail chain in Chile and the third largest in Latin America. According to Forbes, his fortune is estimated at US$4.8 billion, and the second richest man in Chile.

• German-Chilean mogul Horst Paulmann is the founder of Cencosud, one of the largest retail conglomerates in Latin America.
• The publicly-traded company has 140,000 employees and operations in Argentina, Brazil, Chile, Peru and Colombia; Paulmann owns a 53% stake.
• As a teenager, Paulmann moved from his native Germany to Chile after World War II and opened his first supermarket in 1976.
• Cencosud has nearly 1,000 supermarkets and dozens of shopping centers, including Costanera Center in Chile, South America’s largest mall.
• In January 2016 Chilean regulators accused Cencosud of price-fixing fresh chicken between 2008 and 2011. The company denied the allegations.