Gregorio Perez Companc Net Worth

In the period from 1990 to 1994, Petrolera Perez Companc extended its domestic activities in the oil business as well as in a number of other industries through participation in the country’s privatization program inducted by President Carlos Menem. The company continued to grow and by 1996 it had generated sales of US$1.41 billion. The Compancs accumulated their wealth as well, and they invested in forming a new public holding company, PC Holdings S.A., in 1998. Later that year, the family purchased a 68% share in local food giant Molinos Río de la Plata, which is a diversified maker of pasta, flour and frozen vegetables. In December 2009, Perez withdrew from active involvement in the business, leaving his entire stake in food giant Molinos Rio de la Plata to his seven children. Apart from the above, Perez is a devoted collector of old cars and reportedly he paid over $9 million for a Ferrari.