Where does the money of Portugal’s billionaires come from and do they use their money to influence politics?
Portugal news - How many billionaires are there in Portugal? Where does the money of Portugal’s billionaires come from, and do they use their money to influence politics?
There are only 3 billionaires in Portugal and Portugal’s richest person is a woman.
These are the Top 3 billionaires in Portugal:
1 - Maria Fernanda Amorim
Maria Fernanda Amorim is the richest person in Portugal and Portugal’s No 1 billionaire with a net worth of 4.5 billion Euros.
The fact that the richest person in Portugal is a woman is unique since there are only 6 people out of the 120 richest people in Europe who are women, according to a 2023 study by European Correspondent.
The richest person in Portugal lives in Porto and has an estimated wealth of 4,500,000,000 €. Portugal’s richest person and No 1 billionaire is subject to her husband Américo's will that stipulates that his wife, Fernanda, can only manage the family business on a part-time basis.
Where does the money of the richest person in Portugal come from?
The money of the richest person in Portugal, Maria Fernanda Amorim, comes from The Amorim family. The Amorim family’s fortune comes from Portugal’s cork industry, through the company Corticeira Amorim that was founded in 1870. The richest family in Portugal invests in a number of sectors, including energy, banking, real estate, and agriculture. In the energy sector, the Amorim family holds a 33% stake in GALP Energy.
Does the richest person in Portugal use the money to influence politics?
The richest person in Portugal, Maria Fernanda Amorim, avoids any involvement in Portuguese politics and public discussions, as she prefers to be out of the limelight.
2 - Pedro Soares dos Santos
Pedro Soares dos Santos is the 2nd richest person in Portugal and No 2 billionaire with a net worth of 3,400,000,000 €.
Portugal’s No 2 billionaire is the CEO of Jerónimo Martins, that was founded in 1792. Jerónimo Martins is the market leader in the global food distribution and retail industry, with the Pingo Doce and Recheio chains accounting for approximately 22% of the Group's turnover.
Where does the money of the 2nd richest person in Portugal come from?
The money of Portugal’s No 2 billionaire and second richest person, Pedro Soares dos Santos, comes from the company Jerónimo Martins. In 2022, the profits of Jerónimo Martins increased by 27.5%, to reach 590 million Euros. The huge rise in profits of the company Jerónimo Martins was largely driven by the company’s subsidiary Biedronka, that is a supermarket chain in Poland.
Does the 2nd richest person in Portugal use the money to influence politics?
The 2nd richest person and No 2 billionaire in Portugal, Pedro Soares dos Santos is not known to be affiliated with any political party. While Pedro Soares dos Santos prefers to keep out of the limelight, his political views are against the fact that the government is the primary beneficiary of gains that are due to inflation, as he believes that the Government should provide more assistance to the people.
3 - Vítor Manuel da Silva Ribeiro
Vítor Manuel da Silva Ribeiro is Portugal’s No 3 billionaire and 3rd richest person with a net worth of 1,400,000,000 €.
Portugal’s No 3 billionaire has made his fortune through Invest Bank, Alves Ribeiro Construction, and Mundicenter that is a shopping mall in Lisbon.
Where does the money of the 3rd richest person in Portugal come from?
Portugal’s No 3 billionaire has made his fortune through Invest Bank and the Alves Ribeiro Group. Vítor Manuel da Silva Ribeiro has a portfolio of successful ventures under the Alves Ribeiro Group, that operates in a number of business sectors, including construction, real estate, shopping malls, banking, education, and construction waste recycling. The Alves Ribeiro Group is a significant player in Portugal, France, Angola, and Brazil.
Does the 3rd richest person in Portugal use the money to influence politics?
Portugal’s No 3 billionaire, Vítor Manuel da Silva Ribeiro, prefers to keep out of the limelight and there is a scarcity of information about him online. There is no evidence that Vítor Manuel da Silva Ribeiro is supporting any political party or showing interest in politics.
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