Américo Amorim

Américo Amorim, Portugal’s king of cork, dies at 82

243 views comments
Américo Amorim, who was known as the king of cork for building his fortune on cork stoppers and was believed to be Portugal’s wealthiest man, died July 13. He was 82.

His company, Corticeira Amorim, announced his death but did not provide additional details. Mr. Amorim had stepped down from his executive duties in October because of health problems.

Portugal is the world’s largest cork producer, accounting for about half of global output, and no cork company is larger than Corticeira Amorim, which Mr. Amorim’s grandfather founded in 1870. The company processes about one quarter of all the cork in the world, helping Mr. Amorim build a fortune worth $4.4 billion, according to Forbes magazine.

With plastic stoppers for wine bottles encroaching on his market, Mr. Amorim diversified cork uses into areas such as insulation and furniture and created a conglomerate, the Amorim Group, that expanded his business into wine production and tourism. Mr. Amorim also held significant stakes in Portuguese financial, telecommunications and energy companies.

To read more online, click here.

add comment
email author
email page


  no comments - be the first to add a comment


Please note that we use cookies to ensure you are a human,but cookies are disabled in your browser.

You will not be able to send an email or add a comment etc.. until you enable them.

Chrome: click here   Explorer : click here   Firefox : click here

Creative Commons License
Except where otherwise noted, content on this site is licensed under a Creative Commons Attribution 4.0 International license. You may copy, re-use or re-print any of this information as long as is quoted as source.

Any statements made or opinions expressed are the legal responsibility of the AUTHOR, and do not necessarily reflect the views of WineNet (PTY) Ltd. or its sponsors.