Americo Amorim, known as the “king of cork” died Thursday at the age of 82, said a Grupo Amorim spokeman.
Americo Amorim was the fifth of eight children born into a family in Mozeols, northern Portugal, in 1934. He strated working at 18 at the small cork company and from that he built a business empire.
Amorim’s fortune was estimated by Forbes at $5 billion. His company, Corticeira Amorim, is the world leader in cork production. His conglomerate, Grupo Amorim, expanded into wine production and tourism.
He is survived by his wife, three daughters, and grandchildren.