Anacleto Angelini

Anacleto Angelini

Anacleto Angelini Fabbri (January 17 1914August 28 2007) was an Italian born, Chilean businessman. At the time of his death, he was South America's wealthiest person, with an estimated net worth of USD $6 billion. He was chairman at Antarchile, one of Latin America's largest conglomerates.

Life

Angelini was born in Ferrara, Italy to Giuseppe Angelini and Adalisa Fabbri. A veteran of the Italian army's campaign in Ethiopia, he immigrated to Chile in 1948, and made his fortune based on fisheries, forestry, mining and fuel distribution.

Without an heir, he ceded day-to-day control of his holding company, Antarchile, to a nephew, Roberto Angelini Rossi. Anacleto Angelini resided in a modest apartment in a middle-class neighborhood in Santiago.

Controversy

Angelini's Celco pulp mill was closed in 2005 after the company lawyers reportedly produced a misleading environmental study regarding pollution on the Cruces River. The scandal prompted Celco's chief executive to resign in June 2005 and the company to pledge to adopt cleaner technologies. The plant reopened two months later at limited production capacity.

Death

On 28 August 2007, Angelini died in the clinical hospital of the Catholic University of Chile from emphysema, which had been aggravated by a severe cold.

References

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