Early Life
Eduardo Eurnekian was born in Buenos Aires, Argentina, on December 4, 1932, to Armenian immigrant parents. His family was involved in the textile business, which initially thrived but faced challenges due to Argentina's economic policies. This early exposure to business laid the foundation for his future entrepreneurial endeavors.
Rise to Success
Eurnekian's career took a significant turn in the 1980s when he entered the cable TV business. He acquired Cablevisión S.A., a struggling local cable TV station, and transformed it into a major player in the industry. He later sold stakes in Cablevisión for significant profits. His strategic investments expanded to include media holdings, radio stations, and a financial daily.
Key Business Strategies
A key strategy for Eurnekian was his focus on the airport sector. He led a consortium that won a 30-year concession to run 33 of Argentina's main airports through Aeropuertos Argentina 2000. This venture expanded internationally, and the company now operates numerous airports across several countries, becoming a major operator in the global aviation infrastructure market. His ability to diversify investments across various sectors, including energy, agribusiness, and financial services, has been crucial to his success.
Philanthropy
Eurnekian is also known for his philanthropic efforts. He established the Fruitful Armenia Charitable Foundation and has made significant donations to various charitable causes, including a hospital in Argentina and support for earthquake victims. His commitment to his Armenian heritage is evident in his investments and philanthropic initiatives in Armenia.