Florentino Perez Net Worth – Richest Billionaires – Richest Businessmen

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Florentino Perez Net Worth: Florentino Perez is a Spanish businessman who has a net worth of $1.four billion. A civil engineer, he has led Spain’s largest building firm, Actividades de Construccion y Servicios (ACS), since 1993. However, he’s most likely finest recognized for being the present president of the cocker membership Real Madrid Football Club, as soon as the group of stars like David Beckham and Zinédine Zidane. Florentino Perez was the one to run the membership from 2000 to 2006, and three years later he obtained re-elected president. Nowadays, Real Madrid is a frontrunner amongst world’s soccer golf equipment by way of revenues with estimated $690.6 million for the 2011-2012 season. Whereas his engagement in soccer is extra enjoyable than working his building enterprise, ACS (the place he has a 12.5% stake) noticed a $1.four billion loss within the first 9 months of 2012. Among the primary culprits for that state of affairs are Spain’s monetary disaster and the burst of its housing bubble in addition to ACS’s 2011 acquisition of German building agency Hochtief, which clearly made the state of affairs worse. To clear the debt, the corporate bought a three.69% stake in Iberdrola and a couple of,800 kilometers of energy strains in Brazil, in addition to it introduced it might cancel the February 2013 dividend. Throughout 2013, ACS continued to promote 6.four million treasury shares to additional scale back debt.

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