Julio Mario Santodomingo Pumarejo, owner of the Caracol group, dies

Colombian businessman Julio Mario Santodomingo Pumarejo, owner of Caracol TV, died on October 7 at the age of 87 at his residence in New York.

Colombia mourns the death of Julio Mario Santodomingo Pumarejo, owner of a business emporium that includes more than a hundred companies, among which are Canal Caracol and the Bogota newspaper El Espectador.

The Colombian businessman, born in 1924, remains in the country's history as one of the most powerful and influential characters in the political and economic life of the 20th century. In Forbes magazine's latest ranking of the richest men in the world, he appeared in 108th place, with a fortune of $8.4 billion, $100 million more than that of the also recently deceased Steve Jobs, founder of Apple.

Santodomingo was the owner of companies such as the airline Avianca or the brewery Bavaria, controlling more than 80 companies in almost all areas of the economy. Currently, the conglomerate is a shareholder in Caracol Televisión, Caracol TV Internacional, Novelas Caracol, El Espectador, Cine Colombia, Inversiones Cromos S.A., Biofilm S.A., Refocosta S.A., Almagran S.A. and Almacenar S.A. Among the most important businesses promoted by this businessman is also the merger with the South African company SAP Miller and its Bavaria brewery, one of the largest companies in the country.