Background
Angelini was born in Ferrara, Italy to Giuseppe Angelini and Adalisa Fabbri.
Angelini was born in Ferrara, Italy to Giuseppe Angelini and Adalisa Fabbri.
At the time of his death, he was South America"s wealthiest person, with an estimated Netto worth of United States dollar $6 billion. He was chairman at AntarChile, one of Latin America"s largest conglomerates. A veteran of the Italian army"s campaign in Ethiopia, he immigrated to Chile in 1948, and made his fortune based on fisheries, forestry, mining and fuel distribution.
In 1986 he bought a majority in Chilean company Copec.
Anacleto Angelini resided in a modest apartment in a middle-class neighborhood in Santiago. Angelini"s Celco pulp mill was closed in 2005 after the company lawyers reportedly produced a misleading environmental study regarding pollution on the Cruces River.
The scandal prompted Celco"s chief executive to resign in June 2005 and the company to pledge to adopt cleaner technologies. The plant reopened two months later at limited production capacity.
On 28 August 2007, Angelini died in the clinical hospital of the Catholic University of Chile from emphysema, which had been aggravated by a severe cold.