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Abilio dos Santos Diniz Net Worth

Abilio dos Santos Diniz Net Worth

Net Worth: $3.8 Billion

Statistics
  • Source of Wealth Retail
  • Birth Place São Paulo Brazil
  • Full Name Abílio dos Santos Diniz
  • Nationality Brazilian
  • Date of Birth December 28, 1936
  • Ethnicity Portuguese-Brazilian
  • Occupation Businessman

About Abilio dos Santos Diniz

Abilio dos Santos Diniz has an estimated net worth of $3.8 billion as of April 2016, according to Forbes. He is the Chairman of Brazil’s largest retailing company, Companhia Brasileira de Distribuicao (CBD) which runs the supermarket chain Pao de Acucar, . Diniz reportedly sold a large stake to French company Casino by $860 million. He then stepped down as the company’s Chief Executive Officer but remained as the Chairman.

In his younger years, this successful Portuguese-Brazilian businessman was actively involved in car racing competition. Together with his brother Alcides, they won the 1970 Mil Milhas Brasil. He funded career of his son, Pedro Diniz, a former Formula One driver.