ABILIO DINIZ

Forbes - - THE WORLD’S BILLIONAIRES -

NEWSMAKER: The re­tail ty­coon spent much of his life run­ning—and ex­pand­ing— su­per­mar­ket chain Grupo Pão de Açú­car, which his fa­ther started with a sin­gle bak­ery. Af­ter French re­tailer Casino in­creased its stake in 2011, Diniz clashed with the French own­ers. He even­tu­ally sold his Pão de Açú­car shares and in 2014 in­vested in French su­per­store firm (and Casino com­peti­tor) Groupe Car­refour’s Brazil arm, join­ing the board. In July, Car­refour Brasil, also known as Ata­cadão, com­pleted an IPO, rais­ing nearly $1.6 bil­lion. Diniz is one of the largest share­hold­ers, with about 8%.

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