Elie Horn | |
---|---|
Born | Elie Horn 1944 (age 79–80) |
Nationality | Brazilian |
Occupation | Businessman |
Known for | Founder and principal of Cyrela Brazil Realty |
Spouse | Susy Horn |
Children | 3 |
Elie (Eli) Horn (born in 1944) is a Brazilian billionaire businessman and philanthropist operating in Brazil, and president of Cyrela Brazil Realty. [1]
Elie Horn was born to a Jewish family in Aleppo (then under the French Mandate for Syria). [2] His family emigrated to Brazil when he was 11. [2] As a teenager, he began working with his brother, Joe Horn, in developing the city of São Paulo, gaining experience in real estate. Horn received a degree in law from Mackenzie University. In 1962, he founded his own company, Cyrela, and built it into the largest publicly traded developer of high-end residential buildings in Brazil. [2]
Horn is a controlling shareholder in Cyrela Brazil Realty [3] and is a developer and builder of real estate located in the State of São Paulo, Brazil. It operates in 17 states and 66 cities in Brazil, Argentina and Uruguay. The company has existed for 50 years and has over 8,000 clients, 15,000 employees and has developed over 70,000 housing units between 2015 and 2018. Cyrela is traded on the Brazilian stock market at a $2 billion market cap. [4]
Horn is chairman of Cyrela's board of directors and chief executive officer. Serving in both capacities since the incorporation of Brazil Realty in 1994. Horn is founding partner and president of Cyrela since 1978. [3] In 2014, Horn retired as CEO of Cyrela with his two sons, Raphael and Efraim becoming co-CEOs. [5]
Horn is described by Forbes as a:
In 2015, Horn and his wife Susy signed Warren Buffett's The Giving Pledge, pledging to donate 60% their wealth over their lifetime to charitable causes. [8] Elie was the first Brazilian to do so. [9]
Since 2006, Horn has been on the list of Forbes billionaires. During 2015 the Brazilian GDP fell by 3.2% and Horn's Cyrela Brazil lost 55% of its value, shrinking Horn's wealth down to about $500 million, temporarily removing him from the list of the world's billionaires. [9] Per Forbes magazine, as of March 2018, Horn had a net worth of US$1.0B. [5]
Horn is married to Susy and has three children. [5]