Belmiro de Azevedo

Belmiro de Azevedo
Belmiro de Azevedo
	Marco de Canaveses
Died	29 November 2017 (aged 79); Porto
Citizenship	Portugal
Education	University of Porto; Harvard University ; Stanford University
Spouse	Maria Margarida Carvalhais Teixeira
Children	3: Duarte Paulo, Maria Cláudia, Nuno Miguel

Belmiro Mendes de Azevedo (17 February 1938 – 29 November 2017) was a

entrepreneur, ranked by Forbes as the 605th richest person in the world (2008), as well as the 3rd richest in Portugal, with an estimated wealth of US$ 2 billion. He owned a controlling stake in Sonae SGPS, one of the largest business groups in Portugal, which also operates in Spain, Greece, Germany, Italy, Turkey and Brazil

.

Portugal Telecom

(PT), the number one Portuguese telecommunications operator.

Azevedo, a

Marco de Canaveses, had a degree in chemical engineering from the University of Porto and an MBA from Harvard University

.

Azevedo's shares were acquired to the estate of late banker Afonso Pinto de Magalhães who, through his bank Banco Pinto de Magalhães, fully owned Sonae. Magalhães put Azevedo in charge of Sonae during the turbulent years following the 1974

Government. It was the success in keeping the company running during these years, plus the also successful reclaiming of the company ownership, that led the deceased banker's family to cede the control of Sonae to Azevedo, but not before a protracted legal battle between him and the banker's sons, whom Azevedo accused of incompetence and cockiness.^[1]

He was married to Maria Margarida Carvalhais Teixeira and had three children: Duarte Paulo Teixeira de Azevedo, born 31 December 1965 and married to Nicole Katharina Gerkrath, his father's successor in the company business, Maria Cláudia Teixeira de Azevedo and Nuno Miguel Teixeira de Azevedo, who also followed his father's footsteps in the family business.^[2]

He died in the CUF Hospital in Porto, on 29 November 2017.^[3]