Eduardo Eurnekian

$4.41 B

Ranked #931 in World

About Eduardo Eurnekian

Argentine billionaire Eduardo Eurnekian, of Armenian descent, born on December 4, 1932, has profoundly influenced multiple industries, from media to aviation. Overcoming challenges after his family's textile business faltered in 1981, Eurnekian ventured into media by acquiring Cablevisión S.A in 1988, contributing to its growth amidst Argentina's financial stabilization in the 1990s. His strategic sales of Cablevisión stakes generated significant capital. Expanding his empire, Eurnekian won a key concession for operating 33 Argentine airports and further extended his influence to Armenia by developing Zvartnots International Airport and investing in agribusiness. Recognized globally, his accolades include the Leonardo Award (1999), being named a National Hero of Armenia (2017), and receiving the Honorary Officer of the Order of the British Empire (2020). His nephew, Martin Eurnekian, stands as his successor, reinforcing a legacy of entrepreneurial success and philanthropy.

Born

December 04, 1932 in Buenos Aires, Argentina

Age

93 years

Source Of Wealth

Airports, Investments

Industries

Diversified

Citizenship

Argentina

Residence

Buenos Aires

Eduardo Eurnekian, an Argentine billionaire businessman of Armenian descent, was born on December 4, 1932, to Armenian immigrant parents. His family established a textile manufacturer that prospered but nearly collapsed due to economic policies in 1981.

Eduardo Eurnekian: Family

Eduardo Eurnekian's family played a significant role in his life and career. His parents, who immigrated from Armenia, instilled in him a strong work ethic and a passion for entrepreneurship. Despite the challenges they faced, they managed to establish a successful textile manufacturing business that provided Eduardo with a solid foundation for his future endeavors.

Eduardo Eurnekian: Career Highlights

Eduardo Eurnekian's career is marked by several notable achievements. In 1988, he purchased "Cablevisión S.A," a failing local cable TV station, and turned it into a thriving business. He benefited from the Convertibility Plan, which brought financial stability to Argentina in the 1990s, and made several strategic moves, including selling a 51% stake in Cablevision S.A. to Tele-Communications Inc. for $350 million in 1994 and selling most of his remaining shares to CEI Citicorp Holdings SA for $320 million in 1997.

Eurnekian also gained control of "América TV," four radio stations, and a Buenos Aires financial daily, El Cronista. He won a 30-year concession to run 33 of Argentina's main airports through "Aeropuertos Argentina 2000," and purchased the Howard Johnson's master franchise in Argentina from Cendant. Additionally, he invested in the regional airline company, LAPA.

Eduardo Eurnekian: Companies

Eduardo Eurnekian's business ventures span various industries. He has been involved in the following companies:

Cablevisión S.A.
Tele-Communications Inc.
CEI Citicorp Holdings SA
América TV
Aeropuertos Argentina 2000
Howard Johnson's
LAPA

Eduardo Eurnekian: Major Achievements

Eduardo Eurnekian's major achievements include:

Turning "Cablevisión S.A" from a failing local cable TV station into a thriving business
Benefiting from the Convertibility Plan and making strategic moves in the cable TV industry
Gaining control of "América TV," four radio stations, and a Buenos Aires financial daily, El Cronista
Winning a 30-year concession to run 33 of Argentina's main airports
Purchasing the Howard Johnson's master franchise in Argentina
Investing in the regional airline company, LAPA

Eduardo Eurnekian: Awards & Achievements

Eduardo Eurnekian has received numerous awards and recognitions for his business acumen and contributions to society.

These include:

Business Man of the Year (1995)
Leonardo Award for foreign businessman of the year (1999)
Highest awards in Armenia for his activities
National Hero of Armenia (2017)
Oslo Business for Peace Award (2012)
Honorary Officer of the Order of the British Empire (OBE) for services to UK/Argentina relations (2020)
Keys to the city of Florence, Italy (2023)

Eduardo Eurnekian: Personal Life & Legacy

Eduardo Eurnekian remains single and has chosen his nephew, Martin Eurnekian, as his successor. He is known for his philanthropic efforts and has made significant contributions to various charitable causes. Eurnekian's legacy is one of entrepreneurship, innovation, and a commitment to improving the lives of others.

Eduardo Eurnekian: Trivia

Eduardo Eurnekian is a polyglot and speaks several languages, including Spanish, Armenian, English, and Italian. He is also a keen art collector and has a passion for classical music.

Wealth History

Timeline

December 4, 1932

Eduardo Eurnekian is born to Armenian immigrant parents in Argentina.

1981

Eurnekian's family's textile manufacturer nearly collapses due to economic policies in Argentina.

1988

Eurnekian purchases Cablevisión S.A, a failing local cable TV station.

1990s

Eurnekian benefits from the Convertibility Plan, which brings financial stability to Argentina.

1994

Eurnekian sells a 51% stake in Cablevision S.A. to Tele-Communications Inc. for $350 million.

1997

Eurnekian sells most of his remaining shares in Cablevision S.A. to CEI Citicorp Holdings SA for $320 million.

2001

Eurnekian signs a 30-year concession agreement to manage Zvartnots International Airport in Armenia.

2012

Eurnekian receives the Oslo Business for Peace Award.

2017

Eurnekian is awarded the title of National Hero of Armenia.

2020

Eurnekian is appointed Honorary Officer of the Order of the British Empire (OBE) for services to UK/Argentina relations.

2023

Eurnekian receives the keys to the city of Florence, Italy.

Eduardo Eurnekian : FAQs

What is Eduardo Eurnekian's current net worth?

Eduardo Eurnekian's current net worth is $4.41 billion.

What is Eduardo Eurnekian's current global rank among billionaires?

Eduardo Eurnekian holds the 931st position globally among billionaires.

What is Eduardo Eurnekian's current ranking within the Argentina?

Eduardo Eurnekian holds the 3rd position in Argentina.

What was the change in Eduardo Eurnekian's net worth compared to the previous year?

Eduardo Eurnekian's net worth decreased by 44.27 million dollars compared to the previous year 2025, when his net worth was 4.46 billion dollars.

What are Eduardo Eurnekian's main sources of wealth?

Eduardo Eurnekian's main source of income comes from Airports, Investments.

In which industry does Eduardo Eurnekian primarily operate?

Eduardo Eurnekian is primarily involved in the Diversified industry.

How old is Eduardo Eurnekian?

Eduardo Eurnekian is 93 years old.

Who is Eduardo Eurnekian and what is his background?

Eduardo Eurnekian is an Argentine billionaire businessman of Armenian descent, born on December 4, 1932, to Armenian immigrant parents. His family founded a textile manufacturer that thrived but nearly failed due to economic policies in 1981.

What significant business deals did Eduardo Eurnekian make in the media industry?

Eduardo Eurnekian purchased Cablevisión S.A., a failing local cable TV station, in 1988 and sold a 51% stake in it to Tele-Communications Inc. for $350 million in 1994. He later sold most of his remaining shares to CEI Citicorp Holdings SA for $320 million in 1997, significantly impacting the media landscape in Argentina.

How has Eduardo Eurnekian contributed to the infrastructure and transportation sectors?

Eurnekian won a 30-year concession to manage 33 of Argentina's main airports through 'Aeropuertos Argentina 2000.' He also invested in the regional airline company, LAPA, and bought the Howard Johnson's master franchise in Argentina, demonstrating his extensive involvement in infrastructure and transportation.

What investments has Eduardo Eurnekian made in Armenia?

Eduardo Eurnekian has significantly invested in Armenia, including signing a 30-year concession agreement to manage Zvartnots International Airport, launching the construction of a new terminal, and developing 60 km2 of arid land into fruit orchards and a processing plant, bolstering Armenia's agribusiness sector.

What awards and recognitions has Eduardo Eurnekian received?

Eduardo Eurnekian has been honored with several awards, including Business Man of the Year (1995), the Leonardo Award (1999), the National Hero of Armenia (2017), the Oslo Business for Peace Award (2012), an Honorary Officer of the OBE (2020) for services to UK/Argentina relations, and the keys to the city of Florence, Italy (2023).