Portuguese billionaire businesswomen in the Forbes list

Portuguese billionaire businesswomen in the Forbes list - Portugal Business News

Portugal news – Portuguese billionaire businesswomen rise in the Forbes 2024 ranking with a family fortune that is valued at 5.3 billion euros.

The Amorim family fortune, that is valued at 5.3 billion euros, ranks at no. 522 in the Forbes International list of billionaires and is the only Portuguese family that makes it to the 2024 global ranking.

The Amorim family fortune is managed by Portuguese businesswomen and “there is no one who can dethrone the four women heirs to the fortune of the self-made man, Américo Amorim, who died in July 2017, from the top of the richest list,” according to Forbes.

The fortune of Américo Amorim's four heiresses originates from a cork stopper family business that started in 1870 and that grew over the years. The family business, Corticeira Amorim, currently has a market capitalization of 1.33 billion euros and a global presence.

The four Portuguese billionaire businesswomen of the Amorim family also have a big stake in Galp, the largest Portuguese company, that has a market value of more than 11.3 billion euros.

The Amorim dynasty is headed by Fernanda Amorim and her three daughters, Paula, Marta and Luísa.

Paula Amorim, the eldest of the three sisters, is the chairperson of Galp's Board of Directors. Paula founded the Amorim Luxury Group, that owns the e-commerce site Fashion Clinic, and the restaurant brand JNcQoi. Paula Amorim also invested in the family’s first hotel that is set to open in Comporta, in Portugal’s Alentejo region, where the beautiful white beaches are in a preserved natural area surrounded by pine forests.

Marta Amorim is a non-executive member of Galp's Board of Directors, and she heads Amorim Holding II SGPS, the Family Office of the Americo Amorim holdings. The group operates in the venture capital and private equity market segments in the energy, cork, forestry, financial, real estate, and luxury goods sectors.

The youngest of the three sisters, Luísa Amorim, heads the wine business segment with the Quinta Nova de Nossa Senhora do Carmo vineyard in the Douro region and the Taboadella vineyard in the Dão region.

The Forbes World's Billionaires List 2024 shows that the world in 2024 now has more billionaires than ever, with 2,781 billionaires, that is 141 more than in 2023. The ranking also shows that the world’s billionaires are richer than ever, as they are worth $14.2 trillion in aggregate, that is up by $2 trillion from 2023. The list of the richest people in the world is headed by Bernard Arnault who oversees the LVMH empire of 75 fashion and cosmetics brands, including Louis Vuitton and Sephora.

The new entrants in the Forbes list of billionaires includes Christian Louboutin - Portugal Business News

The new entrants in the Forbes list of billionaires includes French fashion designer Christian Louboutin, the man behind the iconic, red-soled high heels, who joins the ranks with an estimated $1.2 billion fortune. Christian Louboutin has elected to live in Portugal where he has built two new hotels in Melides, in the Alentejo region, the Vermelho hotel (meaning Red hotel) and the La Salvada hotel.  

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