Chile’s Luksic Family’s Shipping Gamble Yields Billions

Chile’s Luksic family, one of South America’s richest, saw their fortune jump to $25 billion. Their key move? Investing in global shipping. In 2011, they invested in the Chilean shipping firm CSAV through their company, Quinenco. Initially, the move sparked skepticism and heavy losses. Undeterred, the family contributed a $1.2 billion capital boost in 2012. […]

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