Abilio Diniz
| Abílio Diniz | |
|---|---|
| Born |
Abílio dos Santos Diniz December 28, 1936 |
| Residence | São Paulo, Brazil |
| Nationality | Brazilian |
| Alma mater |
Fundação Getúlio Vargas Columbia University University of Dayton |
| Occupation | Chairman of BRF |
| Net worth |
 US$ 4.4 billion (2015) |
| Children | 6 |
Abílio dos Santos Diniz (born December 28, 1936, in São Paulo) a Brazilian businessman. He is the former chairman of the Brazilian retail chain Grupo Pão de Açúcar (Companhia Brasileira de Distribuiçao), and victim of a famous kidnapping. Abílio Diniz is the father of former Formula One driver Pedro Diniz, whose career was largely funded by his father's personal wealth and sponsorship connections. Abílio also competed as a racecar driver in his youth and won the 1970 Mil Milhas Brasil with his brother, Alcides. Diniz is currently the chairman of BRF.
Through GPA, Diniz became one of the wealthiest individuals in Brazil. In 2015, Forbes ranked him 369th richest person in the world and 9th in Brazil with a personal net worth of $4.4 billion, up from $3.7 billion last year.
Diniz's father, Valentim Diniz, founded the company Pão de Açúcar, which grew into a major retailer, Companhia Brasileira de Distribuiçao. In 2002, Diniz sold a large stake to the French company Casino Group for an estimated $860 million and stepped down as CEO, but remained as chairman. In 2009, in one of the most expensive transactions of the Brazilian business history, Grupo Pão de Açúcar bought Casas Bahia from Samuel Klein, giving Abilio control of Pão de Açúcar, Casas Bahia, Ponto Frio and Extra Hipermercados. In 2012, Casino Group took control of Grupo Pão de Açúcar and Diniz no longer had operational functions within the group but remained as chairman.
In April 2013, Diniz was elected as chairman of BRF, and in September, he has stepped down as chairman of GPA.
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