Leonardo Farkas Klein July was born on March 20, 1967 in Vallenar, Chile, as a Hungarian-Jewish migrant and is a businessman and philanthropist with a special interest in mining. He is recognized for his donations to various institutions and people.
What is the net worth of Leonardo Farkas? Authoritative sources have estimated his net worth up to $ 50 million as per data released in mid-2017. The business is the main source of Farkas’ fortune.
Leonardo Farka’s net worth of $ 50 million
Farkas first studied at the Hebrew Institute. His family was financially well positioned and Farkas Berger became the owner of several companies (Minera El Carmen) in the iron mining industry. He also became a glass entrepreneur. When his father died in 2004, Leonardo decided to return to Chile to start family businesses in northern Chile, particularly in iron mining, and quickly became an iron exporter to China thanks to the collaboration with Cometals. His major companies include Minera Santa Fe and Santa Bárbara Company, with more than 2000 employees – he is known for the benefits his employees receive.
In 2007, he appeared in the press to announce to the media that he was celebrating his 40th birthday by inviting celebrities including Air Supply, KC and the Sunshine Band, as well as national comedian Coco Legrand. The party took place at the Sheraton San Cristóbal Hotel with 200 guests and was hotly debated in the mass media. However, it came to real popularity when he personally donated 235 million pesos to the Telethon in 2008 and 1 billion pesos the following year – with that, along with Chilean businessman José Luis Nazar, who had donated most of the money to this foundation, later during same event, doubled his donation. At the end of 2008, Farkas donated Chilean pesos 226 million to the monument to the poet Pablo Neruda on Isla Negra.
At the beginning of 2010 he traveled to Haiti, which was devastated by the earthquake, and donated water and food. He did the same in Chile after the 2010 earthquake, donating nearly 200 million pesos in food to the hardest hit areas of the south and moving 17 trucks full of relief supplies for his country. In the summer of 2010, Leonardo Farkas distributed checks for $ 10,000 to each of the families of the 33 miners trapped in the San Jose Mine collapse. He was also the patron of the Chilean gymnast Tomás González and supported him with 80 million pesos in sports teams.
In late 2008, Farkas was rumored to be a possible candidate for the 2009 election and Leonardo received widespread social support, but Farkas announced through a statement on his website that he would not run for president.
After all, Leonardo Farkas has been married to Tina Friedman in private life since 1994 and has three children.
Leonardo Farka’s Net Worth contribution first appeared on Net Worth Post.