Argentina has just created another property billionaire. And he isn’t sure it’ll last.
Eduardo Costantini, the majority shareholder of Consultatio SA, has a net worth of $US1 billion ($1.31bn), according to the Bloomberg Billionaires Index, after shares of the nation’s biggest publicly traded real estate company more than doubled in the past year.
“It’s not nice to be named as a billionaire,” Costantini, 70, said over cups of espresso at his office in the Latin American Art Museum of Buenos Aires, or Malba, which he founded in 2001. “What if your stock is down 50 per cent and you are no longer a billionaire?”
