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FB Roundup: Kumar Birla, Alexandre de Rothschild; Alberto Safra

February 7, 2023

In this week’s FB Roundup, Kumar Birla appoints his children as directors of the Aditya Birla Group; the Rothschild family plan to take their investment bank private; and the son of Brazilian billionaire Banco Safra founder sues his family.

Kumar Birla appoints children as directors of Aditya Birla Group
In a purported succession overture, Indian billionaire businessman and philanthropist Kumar Birla has appointed two of his children as directors to oversee the retail unit of the Aditya Birla Group.

Cemex fourth-gen Lorenzo Zambrano dies suddenly in Spain

May 13, 2014

Lorenzo Zambrano, the Mexican businessman who turned his family’s cement manufacturer into a multinational company, has died suddenly at the age of 70 in Spain.

Lorenzo Zambrano, the Mexican businessman who turned his family’s cement manufacturer into a multinational company, has died suddenly at the age of 70 in Spain.

According to local media, the fourth-generation chairman and chief executive of Cemex was found by members of staff at his Madrid hotel, after he failed to turn up for a business meeting.

He was not known to be in poor health.

India’s Aditya Birla founding family boosts investment

September 29, 2011

The family behind India’s Aditya Birla Group plans to invest $17 billion globally, as it looks to double its revenues over the next four years.

Kumar Mangalam Birla, chairman of the family business whose operations include metals, retail and producing insulators, is looking to achieve $65 billion (€47.7 billion) in sales by 2015, up from its current $35 billion, said a company spokeswoman.