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#65 Alejandro Santo Domingo $16.8B

Random fact: Invested in online clothing retailers Dafiti and Zalando.

Overview

Santo Domingo oversees the fortune of Colombia's richest family through New York-based investment company Quadrant Capital. The family owns stakes in beermaker AB InBev, Chile's Corpbanca, Brazil's BTG Pactual and Spain's Inmobiliaria Colonial. They also control Caracol Television as well as other businesses.

As of Oct. 17, 2017:
Last change -$16.1M (-0.1%)
YTD change +$2.13B (+14.5%)
Industry Food & Beverage
Biggest asset ABI BB Equity
Citizenship Colombia
Age 40
Wealth Inherited
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Alejandro Santo Domingo's net worth of $16.8B can buy ...

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of the total wealth of the 500 richest people in the world
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of U.S. existing home sales
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Latest News

Net Worth Summary

Cash
Private asset
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Confidence rating:

The majority of the Santo Domingo family fortune is derived from a 5 percent stake in publicly traded beer manufacturer Anheuser-Busch InBev, which they received when SABMiller merged with AB InBev in 2016. Many of their investments in their home country, including stakes in Caracol Television and Gases del Caribe, are controlled through publicly traded holding company Valorem. They also own stakes in Chile's Corpbanca, Brazil's BTG Pactual and Spain's Inmobiliaria Colonial. 

The company split BTG Pactual's shares into two separate entities on Aug. 21, 2017: Banco BTG Pactual and BTG Pactual Participations. Shareholders received one share in each company for every BTG Pactual share.

SABMiller paid the family more than $1.5 billion in dividends between 2005 and the 2016 merger. Their closely held assets also include startups such as the Terranum real estate firm in Colombia and venture capital investments such as Brazil's Dafiti online fashion retailer.

The Santo Domingos' stake in Anheuser-Busch InBev is held by BevCo, a company registered in the British Virgin Islands for which individual shareholder information hasn't been publicly disclosed. A press official declined to make the family available for comment on their net worth calculation. He said it's accurate to consider the Santo Domingos' wealth as a unified fortune, with Alejandro as its head.

Biography

Birthdate: 2/13/1977
Family: Married, No children
Education: 1999, President & Fellows of Harvard College, History, Bachelor's Degree

The Santo Domingo family, with roots in the Caribbean city of Barranquilla, has been one of Colombia's richest and most influential clans over much of the past century. Born in 1977, Alejandro began to take control of the family fortune before the death of his father Julio Mario in October 2011.

The late patriarch had been responsible for turning the family's regional brewery, Bavaria, into a countrywide beer monopoly. He funneled its profits into dozens of companies across Colombia in the second half of the 20th century. The family sold Bavaria to SABMiller in return for stock in 2005 -- a deal in which Alejandro had an important role.

Onetime ambassador to China, Julio Mario was as famous for his business acumen as for his jet-setting; he counted writers, artists and politicians from across Europe and the Americas as friends. His offspring have continued the tradition, appearing in society pages as much for their philanthropy as for their high-profile romances.

Alejandro, a graduate of Harvard University, lives in New York. Among the other surviving Santo Domingos are his brother Andres; their mother, Beatrice Davila; and the patriarch's grandchildren from his first marriage, Tatiana and Julio.

Milestones
  • 1933 Grandfather Mario buys the Barranquilla & Bolivar brewery.
  • 1963 After brother's death, Julio Mario takes over family business.
  • 1966 Sells family's Aguila brewery to Bavaria in return for stock.
  • 1996 Santo Domingo buys rival Postobon's Leona brewery.
  • 2004 Avianca airline is sold for $65 million.
  • 2011 Father Julio Mario Santo Domingo dies in New York.
  • 2012 Santo Domingo family buys shares of Chile's Corpbanca.
  • 2016 SABMiller completes its merger with AB InBev.