Iris Fontbona Net Worth

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net worth:	$20 billion
age:	82
Birth:	1942
gender:	Woman
Height:	unknown
country of origin:	Chile
Sources of funds:	entrepreneur
Last Updated:	August 6, 2024

Introduction

Iris Fontbona is a prominent Chilean mining magnate, media owner, and philanthropist who inherited her husband’s wealth and successfully managed his legacy.

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She has shown she is capable of running an international conglomerate and is known for her remarkable wealth and astute business acumen.

Fontbona is a prominent figure, owning a Santiago-based mining company and with interests in shipping and media, she wields significant global influence.

Iris Fontbona’s net worth is estimated at $20 billion.

Iris Fontbona Facts

Iris Fontbona inherited the entire estate of her husband Andrónico Luksic Abaroa in 2005.
She runs Antofagasta PLC, a major Chilean mining company founded in 1888
Fontbona owns a large stake in Chilean media company Canal 13
He loves beautiful things and his impressive art collection includes works by Pablo Picasso and Vincent van Gogh
Fontbona has a large financial stake in the Quineco Group, a diversified conglomerate involved in beverages, energy and manufacturing

early life

It is not certain how old Iris Fontbona is, but we believe she was born on January 8, 1942, in Chile.

His family was very religious, which resulted in him attending the local Catholic high school and receiving a traditional, classical education.

She met her future husband, Andronico Luksic Abaroa, at the age of 17, and the happy couple got married when she was 20.

Andronicko Luksic brought with him five children from his first marriage, and when Andronicko Luksic was 7, Fontbona became his stepmother.

The couple subsequently had three children, and the entire family lived happily together until Andronico’s death in 2005.

Livelihood

When her husband died of lung cancer, Fontbona inherited Antofagasta PLC from her husband in 2005 and to everyone’s surprise, she was a shrewd and talented businesswoman.

According to his will, the bulk of her husband’s business passed to his three sons, including Jean-Paul, who manages Antofagasta.

Inheriting a multi-million dollar empire

He and his family control the Santiago-based Antofagasta Company, which originally made money from railroads, copper and other mining activities.

Through the publicly traded company Quienco they control Banco de Chile, Madeco, CCU, and CSAV, major contributors to the country’s fortunes.

In addition to luxury hotel chains and the country’s largest wine producer, Fontbona also controls a copper products manufacturer and shipping company CSAV.

As Chile’s richest person, Iris’ business reach is extensive, with CSAV being the 16th largest shipping company globally and a major South American business.

Growth of the Santiago-based mining company

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Defying everyone’s expectations, Fontbonba has managed to significantly grow the family business, expand its operations and generate substantial returns on investment.

He built the Banco de Chile into the country’s second-largest bank, the world’s largest liquor producer, and manager of the world’s largest copper mines.

Fontbona also controls one of the world’s largest shipping companies as well as some luxury hotel chains and a luxury resort in Croatia.

Making major media acquisitions

Using his talents, he acquired a 70% stake in the Chilean television station, Canal 13, which increased business and helped improve local news coverage.

Many key business decisions affecting the Santiago-based mining company are first made by Fontbona and then approved by management before any action is taken.

Her impressive record of business acquisitions and growth has resulted in her becoming a highly influential figure in the business world.

However, she is not the richest woman in the world, as L’Oreal heiress Françoise Bettencourt and Walmart’s Alice Walton are much richer than her.

Iris Fontbona’s Career Earnings

Since taking control of her husband’s company, Fonbona’s excellent business acumen and eye for profitable deals have yielded remarkable results.

Under his leadership, the company’s revenue has outpaced industry standards, growing an astonishing 200% over the last five years.

Here is an estimated overview of Iris Fontbona’s career earnings:

2014 – $110 million
2015 – $95 million
2016 – $100 million
2017 – $130 million
2018 – $125 million
2019 – $100 million
2020 – $150 million
2021 – $265 million
2022 – $300 million
2023 – $298 million

One of his most notable accomplishments is the successful expansion into new international markets, resulting in a 150% increase in global market share.

Her strategic acquisitions have not only increased the profits of her shipping company but also made her the ninth richest woman in the world.

Iris Fontbona Net Worth Annually

Fonbona’s financial acumen has reduced operating costs by 25%, resulting in improved profit margins and an impressive 50% year-on-year increase in net income.

His deft negotiation skills have secured multi-million dollar contracts with industry giants, increasing the company’s revenue by 30%.

Here are the details of Iris Fontbona’s annual net worth:

2014 – $15.5 billion
2015 – $13.5 billion
2016 – $10 billion
2017 – $13.8 billion
2018 – $16.3 billion
2019 – $15.5 billion
2020 – $11 billion
2021 – $23 billion
2022 – $22.8 billion
2023 – $20 billion

personal life

Fontbona has spent time in some of the most expensive homes in the world, having spent time in three residences, including Vitacura, Santiago, Chile, Belgravia in London, and Liechtenstein.

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She is a devout Roman Catholic and her religious beliefs guide her and her family despite being the ninth richest woman worldwide.

Being the richest person in South America and a Chilean businesswoman, she is in contact with several politicians such as Sebastian Piñera.

Although she does not usually give interviews, she is the focus of media attention each year during the Chile Telethon.

The event raises a large amount of money for charities and good causes, and she tries to donate a large sum each year.

She keeps very little attention and does not have any public social media accounts other than her official LinkedIn account, which she does not use.

Awards and achievements

Here are some highlights of Iris Fontbona’s career:

In 2021, he won the “Business Leader of the Year Award”
She was the recipient of the “Company of the Year” award in 2020
By 2020 CSAV became the 16th largest shipping company by TEUs
Fontabano helped the family business grow CCU revenue to $2.2 billion in 2017
In 2023, CCU will be the largest mineral water bottler and fruit-based beverage producer in Chile

As part of his restructuring efforts, he led a comprehensive digital transformation, resulting in a 60% increase in online sales.

This not only led to increased revenue but also stronger customer engagement and loyalty, which is evident from the 25% increase in the shipping company’s customer retention rate.

How does Iris Fontbona spend her money?

Fontbona lives a life of luxury, spending her time traveling between luxury homes in Europe and Latin America while also managing the family’s business interests.

He owns some of the most expensive homes in the world, including properties in London’s Hyde Park, Chile and Italy.

Fontbona also pays a lot of attention to her children and grandchildren, ensuring that they can benefit from her and her husband’s impressive accomplishments.

Apart from expensive jewellery, Iris also owns some of the most expensive paintings in the world, including paintings by leading artists.

Summary

Iris Fontbona managed her family business in such a way that she remained a powerful Chilean mining magnate, media owner, and philanthropist.

Although her name is not well known globally, Iris Fontbona’s wealth and business interests have made her one of the most influential people in Chile.

She overcame all odds, took over the reins from her ex-husband, and along with her sons, became a significant player in several international industries.