Sebastian Pinera Profile

World Billionaire Sebastian Pinera Profile

Sebastian Pinera
Sebastian Pinera
Name : Sebastian Pinera
2015 Rank : 737      2014 Rank : 731      2013 Rank : 589
2012 Rank : 521      2011 Rank : 488

Net Worth: $2.5 B (2015)

Fortune : Self Made

Source : Investments

Country Of Citizenship : Chile

Residence : Santiago‚ Chile

Education : Harvard U‚ Doctorate

Date of Birth : December 1st 1949

Profession : Investor‚ Businessperson

Family : Spouse(s): Cecilia Morel Montes‚ Children: Magdalena‚ Cecilia‚ Sebastian‚ Cr

More About Sebastian Pinera

Introduction

In the Forbes World Top Billionaire List of 2010‚ Sebastian Pinera ranks 437th with net worth of $2.2 billion. He is currently the President of Chile after having been elected on January 17‚ 2010. He had been also a former Senator and has led the presidential and parliamentary electoral coalition Coalition for Change.  Apart from his political career‚ he is a renowned economist‚ investor‚ businessperson and philanthropist.

The Career of Sebastian Pinera

Sebastian Pinera holds 100% stake in Chilevisión‚ a television channel which is broadcasted nationwide. There is recent news that the channel will be acquired by Time Warner. He had previously held 27% stake in LAN Airlines between February and March 2010 which he had vowed to sell after the Inauguration Day.

Sebastian holds 13% in Colo-Colo‚ the country’s football (soccer) club. He also has other minor stock holdings in companies like Quiñenco‚ Enersis‚ and Soquimich.

Sebastian Pinera founded the credit card Bancard. He had been a pioneer in introducing credit cards to Chile in the late 1970s. Most of his wealth is the result of the same.

In 1994‚ along with the Cueto family‚ Sebastian Pinera had also bought shares from the formerly state-owned company‚ Scandinavian Airlines. 

The course of his career did not however always run smooth. When he was the general manager of the Bank of Talca‚ he had been accused of violating the Banking Law. During that time‚ he had to spend 24 days in hiding. After his lawyers appealed the order‚ it was first rejected by the Appeals Court. However‚ the Supreme Court acquitted Pinera by approving it.

In the July of 2007‚ Sebastian Pinera faced another charge of not withdrawing a purchase order after receiving the information of LAN Airlines stock in 2006. He had to pay a fine of 680‚000 USD to the securities regulator of Chile. Pinera however always asserted that he had not done anything and it was just for tainting his image. As he wanted to rub for the presidential elections in late 2009‚ he did not appeal in the court as he felt that the court procedure will take years barring him from running in the election. He resigned from the board of LAN and Quiñenco later in the month. Readmore...

List of World Top Billionaires

Carlos Slim Helu Profile William Gates III Profile Warren Buffett Profile
Mukesh Ambani Profile Lakshmi Mittal Profile Lawrence Ellison Profile
Bernard Arnault Profile Eike Batista Profile Amancio Ortega Profile
Karl Albrecht Profile Ingvar Kamprad Profile Christy Walton Profile
Stefan Persson Profile Li Ka-shing Profile Jim Walton Profile
Alice Walton Profile Liliane Bettencourt Profile S. Robson Walton Profile
Prince Alwaleed Bin Talal Alsaud Profile David Thomson Profile Michael Otto Profile
Lee Shau Kee Profile Michael Bloomberg Profile Sergey Brin Profile
Charles Koch Profile David Koch Profile Larry Page Profile
Michele Ferrero Profile Azim Premji Profile Kwok family Profile
Theo Albrecht Profile Vladimir Lisin Profile Steven Ballmer Profile
Robert Kuok Profile George Soros Profile Anil Ambani Profile
Paul Allen Profile Michael Dell Profile Mikhail Prokhorov Profile
Birgit Rausing Profile Shashi & Ravi Ruia Profile Mikhail Fridman Profile
Jeffrey Bezos Profile Savitri Jindal Profile Donald Bren Profile