Horst Paulmann is a German-Chilean

Chilean people

Chilean people, or simply Chileans, are the native citizens and long-term immigrants of Chile. Chileans are mainly of Spanish and Amerindian descent, with small but significant traces of 19th and 20th century European immigrant origin...

 businessman. He is the CEO and Chairman of the Board of Cencosud.

Biography

Horst Paulmann was born in 1936 in Germany

Germany

Germany , officially the Federal Republic of Germany , is a federal parliamentary republic in Europe. The country consists of 16 states while the capital and largest city is Berlin. Germany covers an area of 357,021 km2 and has a largely temperate seasonal climate...

. He immigrated to Chile

Chile

Chile ,officially the Republic of Chile , is a country in South America occupying a long, narrow coastal strip between the Andes mountains to the east and the Pacific Ocean to the west. It borders Peru to the north, Bolivia to the northeast, Argentina to the east, and the Drake Passage in the far...

 as a teenager after the Second World War. In 1976, he opened the first Hipermercados Jumbo

Hipermercados Jumbo

Hipermercados Jumbo is a Chilean chain of South American hypermarkets operating in Chile and Argentina.-History:...

 and he has forty-three as of 2011, in Chile, but also in Argentina

Argentina

Argentina , officially the Argentine Republic , is the second largest country in South America by land area, after Brazil. It is constituted as a federation of 23 provinces and an autonomous city, Buenos Aires...

, Brazil

Brazil

Brazil , officially the Federative Republic of Brazil , is the largest country in South America. It is the world's fifth largest country, both by geographical area and by population with over 192 million people...

, Peru

Peru

Peru , officially the Republic of Peru , is a country in western South America. It is bordered on the north by Ecuador and Colombia, on the east by Brazil, on the southeast by Bolivia, on the south by Chile, and on the west by the Pacific Ocean....

 and Colombia

Colombia

Colombia, officially the Republic of Colombia , is a unitary constitutional republic comprising thirty-two departments. The country is located in northwestern South America, bordered to the east by Venezuela and Brazil; to the south by Ecuador and Peru; to the north by the Caribbean Sea; to the...

. He has served on the Board of Directors of Banco Paris

Banco Paris

-Overview:It was created in 2004 with the Santiago Express division of Banco Santander-Chile. Horst Paulmann, the CEO of Cencosud, sits on the Board of Directors....

 and the Costanera Center

Costanera Center

Costanera Center is an ongoing development and construction of four skyscrapers being built in the Sanhattan financial district of Santiago, Chile by Cencosud...

. He is a member of the Latin American Advisory Board of Deutsche Bank

Deutsche Bank

Deutsche Bank AG is a global financial service company with its headquarters in Frankfurt, Germany. It employs more than 100,000 people in over 70 countries, and has a large presence in Europe, the Americas, Asia Pacific and the emerging markets...

.

He lives in Santiago

Santiago

Santiago is the capital city of Chile. Santiago may also refer to:*Santiago *Santiago , a Spanish given name*Santiago!, a shortened form of the Reconquista battle cry "Santiago y cierra, España"...

. According to the March 2011 issue of Forbes

Forbes

Forbes is an American publishing and media company. Its flagship publication, the Forbes magazine, is published biweekly. Its primary competitors in the national business magazine category are Fortune, which is also published biweekly, and Business Week...

, he is worth US$10.5 billion. He owns 64% of Cencosud. He is the second richest person in Chile, and the 75th richest person in the world. In 2008, he received an honorary diploma from the Konex Foundation

Konex Foundation

Konex Foundation is an Argentine cultural non-profit organization created in 1980 to promote, stimulate, help, and participate in any form of cultural, educational, intellectual, artistic, social, philanthropic, scientific or sports initiative, work, and enterprise, in their most relevant aspects,...

.

He is married with three children. All three sit on the Board of Directors of Cencosud.