The majority shareholder of the Jeronimo Martins group, the operator of the Biedronka chain, the Soares dos Santos family, lost almost EUR 1.6 billion on the Lisbon Stock Exchange in 2024. However, it is still the richest family in Portugal.
As the Portuguese daily “Negocios” estimated on Wednesday, the value of the Soares dos Santos family's stock market assets is currently EUR 6.75 billion. The most famous representative of the family owning over 56%. shares of the Biedronka operator is Pedro Soares dos Santos, head of the Jeronimo Martins group.
“Negocios” noted that although no other Portuguese family lost as much money on the Lisbon stock exchange in 2024 as the main shareholders of the Jeronimo Martins group, Soares dos Santos remains the richest family in Portugal.
About Jeronimo Martins
Jeronimo Martins is the owner of Biedronka – the largest retail chain in Poland, with stores located in over 1,300 towns, which has been present on the Polish market for 29 years. At the end of the first quarter of 2024, it had 3,596 branches.
Apart from the Biedronka chain operating on the Polish market, the main source of income for the Jeronimo Martins group, this investor is developing, among others: retail chains Pingo Doce in Portugal and Ara in Colombia.
In total, as calculated by the Lisbon daily, the stock exchange assets of the six richest Portuguese families decreased last year. by 7.7 percent compared to 2023. These families include, among others: shareholders of Mota-Engil and Sonae, also operating on the Polish market.
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