She is the daughter of the late Alfonso Solari and the granddaughter of the late Alfonso Falabella, who founded the retail chain Falabella in 1889. Teresa is the current chairwoman of the company, which has grown to become one of the largest retail chains in Latin America.
Teresa Matilde Solari Falabella is a Chilean heiress with a net worth of $3.4 billion, making her one of the wealthiest people in Chile. She is the daughter of the late Alfonso Solari and the granddaughter of the late Alfonso Falabella, who founded the retail chain Falabella in 1889. Teresa is currently the chairwoman of the company, which has grown to become one of the largest retail chains in Latin America.
Teresa Matilde Solari Falabella is a member of Richest Billionaires
💰Teresa Matilde Solari Falabella Net worth: $3.4 Billion
Her family owns SACI Falabella, Chile's largest and oldest retail company. In 1889, Teresa's ancestor, Salvatore Falabella, an Italian emigrant, launched the first Falabella tailor shop. The company noticed a huge growth in the 30s under the leadership of Alberto Solari, one of the husbands of Falabella's granddaughters, who managed to expand the store with women's garments and housewares. Later in 1958, Falabella became a department store, and soon, the company was growing further with opening new stores in different cities and locations. Eventually, Falabella has developed into a Latin powerhouse that has over 80,000 employees across Peru, Columbia, Chile and Argentina. Moreover, the Company has announced that it plans to make a large $3.92 billion-worth investment through the period of 2013 to 2017. Teresa owns shares of Falabella together with her two children, Maria Francisca Cortes Solari and Juan Carlos Cortes Solari.
