Age, Biography and Wiki
| Birth Day | December 28, 1936 |
| Birth Place | Sao Paulo, Brazil, Brazil |
| Age | 87 YEARS OLD |
| Birth Sign | Capricorn |
| Residence | São Paulo, Brazil |
| Alma mater | Fundação Getúlio Vargas Columbia University University of Dayton |
| Occupation | Chairman of BRF |
| Children | 6 |
Net worth: $2.4 Billion (2024)
Abilio dos Santos Diniz, a prominent figure in the fashion and retail industry in Brazil, is expected to have a net worth of $2.4 billion by 2024. With a remarkable business acumen and years of experience, Diniz has established himself as a key player in the Brazilian market. As the former chairman of Companhia Brasileira de Distribuição, one of the country's largest retail companies, Diniz has successfully built a fortune through his entrepreneurial ventures. With his wealth and influence, he continues to impact the fashion and retail landscape in Brazil.
Biography/Timeline
Lamont and Spencer were sentenced to 28 years in prison for their involvement, but were kept in private cells, away from the mass of the prison population. The Canadian press and public started a major movement to secure their release, straining relations between Brazil and Canada. However, two Canadian investigative journalists, Isabel Vincent of the Globe and Mail and Caroline Mallan of the Toronto Star, wrote books concluding that Lamont and Spencer were likely guilty, and they were being treated well by Brazilian authorities. Lamont confessed to involvement in the kidnapping, which was meant to raise money for Sandinista guerrillas, and the two were released and deported to Canada in 1996.
Diniz's Father, Valentim Diniz, founded the company Pão de Açúcar, which grew into a major retailer, Companhia Brasileira de Distribuiçao. In 2002, Diniz sold a large stake to the French company Casino Group for an estimated $860 million and stepped down as CEO, but remained as chairman. In 2009, in one of the most expensive transactions of the Brazilian Business history, Grupo Pão de Açúcar bought Casas Bahia from Samuel Klein, giving Abilio control of Pão de Açúcar, Casas Bahia, Ponto Frio and Extra Hipermercados. In 2012, Casino Group took control of Grupo Pão de Açúcar and Diniz no longer had operational functions within the group but remained as chairman.
In August 2011, Diniz was notified by the Federal Public Ministry of Brazil to give explanations in a Criminal investigation. Diniz’s next move was to then call Criminal Lawyer Marcio Thomaz Bastos, one of the most well-known Criminal lawyers for those who had wealth. At this time, Diniz was President of the board of Directors for Pão de Açúcar. During the 2010 elections, the offices of Bastos had helped Diniz pay 5.5 million reais, to congressman Antonio Palocci to help fund the presidential campaign of Dilma Rousseff.
In April 2013, Diniz was elected as chairman of BRF, and in September, he has stepped down as chairman of GPA.
In April 2015, Diniz announced he was wrapping up talks to raise his 5.07 percent stake in Carrefour and that he had shareholder support to take a seat on the board of the supermarket.
Some Abilio dos Santos Diniz images
