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Chile's millionaire fortunes increased despite pandemic

Christian Fernsby |
Although the economic and social crisis exacerbated by the Covid-19 pandemic led to poverty for millions of Chileans, some of the wealthy in Chile increased their fortunes dramatically at this time.

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Topics: CHILE   

Among them are even President Sebastián Piñera and his wife Cecilia Moreal, whose wealth increased by 11 percent between March, when the pandemic entered the country, and the month that ends, going from 2.6 billion dollars to 2.9 billion.

The data published by Forbes magazine in its annual ranking on the richest people on the planet is collected by the newspaper El Financiero, which indicates that at least five Chilean billionaires saw their fortunes increased despite the crisis.

In the list, Piñera appears second, as he is surpassed by Iris Fontbona, widow of Andrónico Luksic Abaroa, founder of the largest business group in Chile, and who increased her income by no less than 84.2 percent, going from a capital of 10,800 million in March, to 19,800 million nine months later.

Third place is held by Julio Ponce Loreu, who at the beginning of the crisis hoarded 1.7 billion and increased that capital by 1.8 billion.

The most significant thing is that this potentate is the main one involved in the notorious Cascadas Case, the largest financial scandal in Chile, due to the fraudulent purchase and sale of shares between 2008 and 2011 and that he still continues to do something, although this does not seem to have affected the enrichment by Ponce Loreu.

The two remaining names on the list are Roberto Angelini and Alvaro Saieh, heads of two of the largest economic groups in the country, which increased their fortunes from 1.3 billion to 1.7 billion dollars the first, and from 1.3 billion to 1.5 billion. the second.

It is worth remembering that in Congress a project presented by deputies of the center and left that seeks to establish a 2.5 percent tax on the 'super rich' of Chile, for a single time, has not been analyzed for months to help the tens of thousands of families hit by the economic, social and health crisis.

This tax, which would affect only those who have $ 22.5 million or more, would allow those households to be offered an emergency basic income for several months, with the collection of more than six billion dollars.

The promoters of the initiative warned that the government has constantly alleged that it does not have enough resources to offer the most vulnerable families more substantial aid in order to alleviate the crisis, but this tax would allow La Moneda to have a large fund without having to appeal to the state budget.


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