What is Belmiro de Azevedo's Net Worth?
Belmiro de Azevedo was a remarkable Portuguese billionaire entrepreneur, renowned for his lasting impact on the business world. At the time of his passing in 2017, his net worth was estimated to be $2.7 billion. He played a pivotal role as the chairman and a significant shareholder of Sonae SGPS, a prominent Portuguese conglomerate.
Sonae SGPS: A Diverse Business Group
Sonae SGPS is one of the largest and most influential business groups based in Portugal, with operations and investments spanning across approximately 65 countries, including Spain, Greece, Germany, Italy, and Brazil. Notably, Sonae SGPS also operates Zippy children's clothing stores in diverse locations such as Saudi Arabia, Turkey, and Kazakhstan. The de Azevedo family's significant stake in Sonae, just under 53%, has seen substantial growth, recovering more than 50% due to better-than-expected earnings amidst Portugal's ongoing economic challenges.
Legacy and Family
Belmiro de Azevedo passed away on November 29, 2017, at the age of 79. He is survived by his wife, Maria Margarida Carvalhais Teixeira, and their three children. His legacy continues through his children, who are now deeply involved in managing the family business. Notably, his son Paolo holds the position of co-CEO of Sonae SGPS, ensuring that the company's future remains bright and its operations continue to prosper.
