Florentino Perez Net Worth

Florentino Perez is a Spanish businessman with a net worth of $1.4 billion. He leads Spain’s largest construction company, ACS, and is the current president of Real Madrid Football Club. Real Madrid is a leader among world soccer clubs in terms of revenue, earning an estimated $690.6 million for the 2011-2012 season. However, ACS suffered a $1.4 billion loss in the first nine months of 2012, due in part to Spain’s financial crisis and the burst of its housing bubble. To clear the debt, ACS sold a 3.69% stake in Iberdrola and 2,800 kilometers of power lines in Brazil, and canceled the February 2013 dividend. Throughout 2013, ACS continued to sell 6.4 million treasury shares to further reduce debt.