11 votes

South America’s richest family doubles fortune on shipping bet analysts hated

Posted by boxer_dogs_dance
Tags: business, chile, wealth, luksic group, shipping, logistics, investing, author.daniel cancel, author.eduardo thomson, source.gcaptain
https://gcaptain.com/south-americas-richest-family-doubles-fortune-on-shipping-bet-analysts-hated/

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Authors
Bloomberg
Published
Sep 22 2023
Word count
629 words

5 comments

  1. Nazarie
    Link
    That's an insane profit margin, right?

    In 2022, Hapag-Lloyd made nearly €17 billion ($18 billion) of profit on €34.5 billion of revenue.

    That's an insane profit margin, right?

    7 votes
  2. Papavk
    Link
    Seems like the bet wouldn't have paid out if it weren't for the once in a generation insanity that the pandemic brought to the world economy and international shipping. Less about being a good...

    Seems like the bet wouldn't have paid out if it weren't for the once in a generation insanity that the pandemic brought to the world economy and international shipping. Less about being a good business decision and more about being lucky.

    4 votes
  3. [3]
    boxer_dogs_dance
    Link
    This looks interesting. Can anyone share a link?

    This looks interesting. Can anyone share a link?

    1. [2]
      AugustusFerdinand
      Link Parent
      Share a link to what?

      Share a link to what?

      4 votes
      1. boxer_dogs_dance
        Link Parent
        Someone substituted a story without a paywall. Awesome.

        Someone substituted a story without a paywall. Awesome.