Bloomberg Billionaires Index

View profiles for each of the world’s 500 richest people, see the biggest movers, and compare fortunes or track returns.

# 105 Alejandro Santo Domingo $13.3B

Random fact: Family invests in Colombian real estate through Terranum venture.

Overview

Santo Domingo oversees the fortune of Colombia's richest family through New York-based investment company Quadrant Capital. The family owns stakes in Belgium's global beermaker AB InBev, Chile's Corpbanca and Spain's Inmobiliaria Colonial. They also control Caracol Television as well as other businesses.

As of :
Last change -$80.3M ( -0.6%)
YTD change +$2.10B ( +18.8%)
Industry Food & Beverage
Biggest asset ABI BB Equity
Citizenship Colombia
Age 42
Wealth Inherited
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Alejandro Santo Domingo's net worth of $13.3B can buy ...

0
troy ounces of gold
0
barrels of crude oil

... and is equivalent to ...

0%
of the GDP of the United States
0%
of the total wealth of the 500 richest people in the world
0%
of the top 100 U.S. college endowments
0%
of the top 200 U.S. executives’ total awarded compensation
0%
of U.S. existing home sales
0
times the median U.S. household income

Latest News

Net Worth Summary

Cash
Private asset
Public asset
Misc. liabilities
Confidence rating:

The majority of the Santo Domingo family fortune is derived from a 5% stake in publicly traded beer manufacturer Anheuser-Busch InBev, which they received when SABMiller merged with AB InBev in 2016. The stake is held by Bevco, a Luxembourg-based holding company owned by the Santo Domingo family, according to its website.

The family has collected more than $3 billion in dividends as of April 2019, based on an analysis of company filings and Bloomberg data. The value of their cash investments reflects these proceeds as well as taxes and market performance. 

Many of the investments in their home country, including stakes in Caracol Television and Gases del Caribe, are controlled through holding company Valorem. They directly own stakes in Chile's Corpbanca and Spain's Inmobiliaria Colonial, and have also co-invested with private equity firms to hold stakes in U.S. food company Kraft Heinz, margarine-maker Upfield and Acorn Holdings, an investment vehicle specializing in coffee brands. Bevco's co-investments are valued based on their net equity as of Dec. 31, 2018, as reported by the company in a June 2019 presentation.

The value of the Santo Domingos's cash and other assets is based on an analysis of dividends, market performance, insider transactions, taxes and charitable contributions.

Bevco's debt totaled 1.2 billion euros ($1.3 billion) as of Dec. 31, 2018, according to filings with Luxembourg's business registry. A liability is included to account for that figure.

A press official declined to make the family available for comment on the net worth calculation. The family group is considered sole owner of all the assets under their control and the official said it's accurate to consider the wealth as a unified fortune with Alejandro as its head.

Biography

Birthdate: 2/13/1977
Family: Married, No children
Education: Harvard College

The Santo Domingo family, with roots in the Caribbean city of Barranquilla, has been one of Colombia's richest and most influential clans over much of the past century. Born in 1977, Alejandro began to take control of the family fortune before the death of his father Julio Mario in October 2011.

The late patriarch had been responsible for turning the family's regional brewery, Bavaria, into a countrywide beer monopoly. He funneled its profits into dozens of companies across Colombia in the second half of the 20th century. The family sold Bavaria to SABMiller in return for stock in 2005 -- a deal in which Alejandro had an important role.

Onetime ambassador to China, Julio Mario was as famous for his business acumen as for his jet-setting; he counted writers, artists and politicians from across Europe and the Americas as friends. His offspring have continued the tradition, appearing in society pages as much for their philanthropy as for their high-profile romances.

Alejandro, a graduate of Harvard University, lives in New York. Among the other surviving Santo Domingos are his brother Andres; their mother, Beatrice Davila; and the patriarch's grandchildren from his first marriage, Tatiana and Julio.

Milestones
  • 1933 Grandfather Mario buys the Barranquilla & Bolivar brewery.
  • 1963 After brother's death, Julio Mario takes over family business.
  • 1966 Sells family's Aguila brewery to Bavaria in return for stock.
  • 1996 Santo Domingo buys rival Postobon's Leona brewery.
  • 2004 Avianca airline is sold for $65 million.
  • 2011 Father Julio Mario Santo Domingo dies in New York.
  • 2012 Santo Domingo family buys shares of Chile's Corpbanca.
  • 2016 SABMiller completes its merger with AB InBev.