January 23, 2018
Wednesday, February 26, 2014

15 worth BCRA reserves

The Bulgheroni brothers are the richest men in Argentina.
The Bulgheroni brothers are the richest men in Argentina.
The Bulgheroni brothers are the richest men in Argentina.

Their combined fortune totals US$27.68 billion

The total fortune of the 15 wealthiest Argentines clocks in at US$26.85 billion, falling just shy of the US$27.679 billion currently in the Central Bank’s foreign reserve account, according to a list of the country’s richest people published recently by the local edition of Forbes magazine.

Alejandro and Carlos Bulgheroni, the owners of the Bridas Corporation, which holds a stake of Pan-American Energy, jointly top the list with US$5.88 billion.

Pan-American Energy, which is 60 percent owned by BP with the balance held by Bridas and Chinese company CNOOC. The firm pulled down the curtain on 2013 having drilled 180 new wells at the Cerro Dragón oil field in Comodoro Rivadavia, also consolidating the establishment of Axion, the company they set up to run a refinery in Campana and petrol stations they purchased from ExxonMobil in Argentina, Paraguay and Uruguay.

In second place with US$3.4 billion, Forbes lists Paolo Rocca, the president of the Techint Group’s Tenaris and Ternium, the world’s leading producers of seamless steel pipes chiefly for the oil industry. Rocca holds major stakes in Techint with his older brother, Gianfelice, who resides in Italy, which they inherited from their father and Techint founder, Roberto Rocca.

Gregorio Pérez Companc and family place third with US$2.8 billion. Now retired, Pérez Companc was at the helm of Molinos Río de la Plata, Argentina’s largest food company, for 25 years.

Corporación América owner Eduardo Eurnekian was the fourth richest in 2013, declaring US$2.2 billion. The group paid US$200 million for an 81 percent stake in oil company CFC.

Jorge Pérez, the founder of The Related Group, a premier real estate developer established in 1979 that primarily operates in South Florida, was fifth, worth US$1.55 billion.

In sixth, Alberto Roemmers and family held US$1.35 billion earned through the largest pharmaceutical holding company in the country, Laboratorio Roemmers, founded by Alberto’s father. The family also owns olive groves.

María Inés de Lafuente Lacroze, the only heiress of Amalia Lacroze de Fortabat, is the richest woman in Argentina, possessing several works of art and properties in Argentina, the United States and Uruguay, which bring her total worth to US$1.26 billion.

Not far behind in eighth place, Forbes said Arcor CEO Luis Alejandro Pagani had amassed a total net worth of US$1.25 by the end of last year. Arcor, itself worth an estimated US$2.28 billion with annual sales that rose to US$14 billion and a net profit of US$44 million in 2013, is the largest global producer of sweets.

Still above the billionaire mark, Roberto Urquía — one of the owners of Aceitera General Deheza, the largest soybean oil exporter in the country — was in ninth place with US$1.2 billion, followed with exactly the same sum by Edith Rodríguez de Rey, the widow of the late Luis Alberto Rey, the engineer who founded oil company PlusPetrol and Papel Prensa.

Transport logistics magnate Alfredo Román was eleventh with US$1.11 billion, while Insud group head Hugo Sigman was the last billionaire on the list with US$1 billion.

Real estate development lawyer Samuel Liberman came in at thirteenth with US$950 million, followed in fourteenth by Enrique Eskenazi with US$850 million, the head of the Petersen Group.

Carlos Blaquier and family take up the last slot on the list with a net worth of US$840 million. The businessman holds a 90-percent stake in sugar company Ledesma with the mother of his children, María Elena Arrieta Wollman.

Herald with Télam

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