Julio Mario Santo Domingo

{{Short description|Colombian-American billionaire businessman and diplomat (1923–2011)}}

{{Infobox officeholder

|name = Julio Mario Santo Domingo Pumarejo

|image =

|imagesize =

|alt =

|order = 1st

|ambassador_from = Colombia

|country = China

|term_start = February 27, 1981

|term_end = March 18, 1983

|predecessor = Office created

|successor = Alfonso Gómez Gómez

|president = Julio César Turbay Ayala

|birth_date = {{Birth date|1923|10|16}}

|birth_place = Panama City, Panamá, Panama

|death_date = {{Death date and age|2011|10|07|1923|10|16}}

|death_place = New York City, United States

|nationality = Colombian

|party =

|spouse = {{plainlist|

{{marriage|Edyala Braga Brandão do Monte|||end=divorced}}
{{marriage|Beatrice Dávila Rocha|1975}}

}}

|children = {{unbulleted list|Julio Mario Santo Domingo Braga|Alejandro Santo Domingo Dávila|Andrés Santo Domingo Dávila}}

|relatives = Tatiana Santo Domingo Rechulski (granddaughter)

|alma_mater = University of Virginia Georgetown University (dropped out)

|occupation =

|profession =

|signature =

|signature_alt =

|blank1 = Net worth

|data1 = {{Gain}} US$8.4bn (2011){{cite journal |url=https://www.forbes.com/profile/julio-mario-santo-domingo/ |title=Julio Mario Santo Domingo |journal=Forbes; the World's Billionaires |access-date=October 24, 2011 |date=March 2011}}

}}

Julio Mario Santo Domingo Pumarejo (October 16, 1923 – October 7, 2011){{cite news|url= http://www.elpais.com/articulo/empresas/jugada/poquer/elpnegemp/20050904elpnegemp_6/Tes |title=Una jugada de póquer |author= D. A. Crowe|work=El País|date=September 4, 2005}} was a Colombian-American billionaire businessman and diplomat. He is primarily known for his investments in Bavaria Brewery and for heading the Santo Domingo Family, one of the wealthiest and most influential families in Colombia.

In 2008, he was listed by Forbes magazine as the 189th wealthiest person in the world, and the second-wealthiest in Colombia, with a fortune of US$8 billion.{{cite web|url= https://www.forbes.com/lists/2008/10/billionaires08_Julio-Mario-Santo-Domingo_YNZG.html |work=Forbes|date=March 5, 2008 |title=Billionaires: Julio Mario Santo Domingo|archive-url=https://archive.today/20130123112739/http://www.forbes.com/lists/2008/10/billionaires08_Julio-Mario-Santo-Domingo_YNZG.html|archive-date=January 23, 2013}}

Early life

Julio Mario Santo Domingo was born on October 16, 1923, in Panama City, Panama, to Mario Santo Domingo and Beatriz Pumarejo de Vengoechea, the youngest of their four children; his older siblings were Beatriz Alicia, Cecilia, and Luis Felipe. His father was a banker, described as austere and disciplined, who made a fortune buying companies weakened during the Great Depression; his mother, from a rich and influential family, was first cousin of Alfonso López Pumarejo who was twice President of Colombia. He grew up in Barranquilla and later attended the exclusive Gimnasio Moderno in Bogotá, D.C., ultimately culminating his secondary studies at the Phillips Academy in Andover, Massachusetts; he later attended University of Virginia before transferring to Georgetown University, but did not finish his degree.

Ambassadorship

On May 26, 1980, President Julio César Turbay Ayala appointed Santo Domingo to be the first Ambassador of Colombia to China. He presented his Letters of Credence to Ulanhu, Vice Chairman of the Standing Committee of the National People's Congress, in Beijing on February 17, 1981.{{cite news |title=Summary of world broadcasts: Far East, Part 3 |author=BBC Asian Network |author-link=BBC Asian Network |url=https://books.google.com/books?id=n2HVAAAAMAAJ |agency=Xinhua News Agency |publisher=BBC Monitoring |location=Caversham Park |oclc=10807079 |date=February 27, 1981 |access-date=October 24, 2011}}

Santo Domingo Group

The Group has a majority stake in Bavaria Brewery and Valores Bavaria (a holding company for his non-beer interests). In 2005, Bavaria Brewery merged with South African company SABMiller. In this merging, the group acquired 15.1% of SAB Miller, becoming the second-largest shareholder of the second-largest beer company in the world (behind Anheuser-Busch InBev).{{cite web|url= http://www.sabmiller.com/sabmiller.com/en_gb/News+and+media/News+releases/Group+news/SABMiller+and+Bavaria+announce+a+major+transaction+in+Latin+America.htm |title= SABMiller and Bavaria announce a major transaction in Latin America |last= Timmons|first=Heather |work=International Herald Tribune|date=July 19, 2005|archive-url=https://archive.today/20080310020133/http://www.sabmiller.com/sabmiller.com/en_gb/News+and+media/News+releases/Group+news/SABMiller+and+Bavaria+announce+a+major+transaction+in+Latin+America.htm|archive-date=March 10, 2008}}{{cite web|url= http://www.iht.com/articles/2005/07/18/business/beer.php |title=SABMiller buys brewer to grow in Latin America |publisher=SAB Miller|date=July 19, 2005}}{{Dead link|date=November 2021}}

=Portfolio=

Caracol TV (Colombian television channel)
Caracol TV International
Caracol Radio (sold to PRISA in 2001)
Cromos (magazine)
El Espectador (newspaper)
SABMiller (14% stake)
Avianca (sold in 2004 to Germán Efromovich){{Cite web|url=https://www.forbes.com/lists/2006/10/YNZG.html|title=Forbes Billionaires, 2006|website=Forbes |archive-url=https://archive.today/20130123072421/http://www.forbes.com/lists/2006/10/YNZG.html|archive-date=January 23, 2013}}
Bluradio (radio station)

Personal life

He first married to Edyala Braga Brandão do Monte, a Brazilian socialite, daughter of Brazilian ambassador in Paris and former wife of Brazilian President Getúlio Vargas' brother. Together they had one son, Julio Mario Santo Domingo Braga (1958–2009),{{cite web|url= http://www.laht.com/article.asp?ArticleId=330732&CategoryId=12393 |title=Colombian Businessman Julio Mario Santo Domingo Braga Dies |work=Latin American Herald Tribune|date=March 29, 2009|archive-url=https://archive.today/20130127121602/http://www.laht.com/article.asp?ArticleId=330732&CategoryId=12393|archive-date=January 27, 2013}} but the marriage did not last long and they divorced shortly after. Julio Mario Jr. married Vera Rechulski, a Brazilian socialite and they had 2 children – Tatiana Santo Domingo (born November 24, 1983) and Julio Mario Santo Domingo III (born May 2, 1985).

He remarried on February 15, 1975, to Colombian socialite Beatrice Dávila Rocha. Together they had two sons, Alejandro Santo Domingo Dávila (b. 1977), who has continued on in the family business, and Andrés Santo Domingo Dávila (b. 1978), the co-founder and president of Kemado Records. In 2008, Andrés married socialite Lauren Davis (founder of the online fashion retailer Moda Operandi).

Santo Domingo owned homes in New York City, in Paris, Bogotá, Cartagena and Barú, a Colombian island near Cartagena.

References

External links

[https://web.archive.org/web/20060316153829/http://www.forbes.com/finance/lists/10/2004/LIR.jhtml?passListId=10&passYear=2004&passListType=Person&uniqueId=YNZG&datatype=Person Forbes.com: Forbes: World's Richest People]
[https://web.archive.org/web/20091002013653/http://www.latinbusinesschronicle.com/app/article.aspx?id=3252 Latin Business Chronicle: Latin America's Billionaires]
[https://web.archive.org/web/20141227181415/http://www.caracoltv.com/julio-mario-santo-domingo-pumarejo/video-243176-julio-mario-santo-domingo-1923-2011 The Death of Julio Mario Santo Domingo]
[https://web.archive.org/web/20111015104255/http://www.caracoltv.com/julio-mario-santo-domingo-pumarejo Caracol Televisión special coverage on Julio Mario Santo Domingo]
[http://www.elespectador.com/opinion/editorial/articulo-304363-don-julio-mario-santo-domingo-p-1923-2011 Julio Mario Santo Domingo P. (1923–2011)] {{Webarchive|url=https://web.archive.org/web/20111011204431/http://www.elespectador.com/opinion/editorial/articulo-304363-don-julio-mario-santo-domingo-p-1923-2011 |date=October 11, 2011 }}
[https://archive.today/20130118172521/http://caracoltv.com/julio-mario-santo-domingo-pumarejo/galeria-243164-julio-mario-santo-domingo-imagenes Julio Mario Santo Domingo on images]

Category:1923 births

Category:2011 deaths

Category:People from Panama City

Julio Mario

Category:Colombian expatriates in Panama

Category:Colombian emigrants to the United States

Category:University of Virginia alumni

Category:Colombian billionaires

Category:20th-century Colombian businesspeople

Category:Colombian chief executives

Category:Colombian philanthropists

Category:Businesspeople in brewing