He is also the Chairman of the Board of Directors of Banco BPI, a Portuguese bank.
Elisio Alexandre Soares dos Santos is a Portuguese entrepreneur and philanthropist with an estimated net worth of $3 billion. He is the Chairman of Jeronimo Martins, the largest food distribution group in Portugal and Poland, and Chairman of the Board of Directors of Banco BPI, a Portuguese bank. Jeronimo Martins had 2011 revenue of $13 billion and over 2,500 stores.
Elisio Alexandre Soares dos Santos is a member of Richest Billionaires
💰Elisio Alexandre Soares dos Santos Net worth: $3 Billion
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Together with his family, Soares dos Santos owns around 22% of the listed retailer. Just a small rise of the share price in 2012 lifted his net worth by $300 million. Even though there is economic stagnation in Portugal, Jeronimo Martins is constantly growing thanks to its Polish stores, which contribute some 60% of the revenue. The firm that started with a tiny store opened in Lisbon in 1792, now operates the Pingo Doce and Recheiro chains in Portugal and the Biedronka chain in Poland. It also has plans to expand to Colombia, where it aims to initially open as many as 40 stores by the end of 2013. Married with seven children, two of Soares dos Santos' sons are involved in the company's operations, his son Pedro serving as the CEO of Jeronimo Martins and Jose, as a board member.