Fontbona acquired her wealth following the death of her husband, Andrónico Luksic Abaroa, in 2005 from cancer. The bulk of her husband's business went to their three sons, Guillermo, Jean Paul and Andronico. Jean Paul manages Antofagasta, Luksic Group's copper mining group and one of the largest mining companies in the world.
Business
Fontbona and her family control Antofagasta, the Santiago-based mining company. Through the publicly-traded companyQuiñenco, they control Banco de Chile, Madeco, a copper products manufacturer, the country's largest brewer CCU, and a shipping company, CSAV. CSAV is the world's 16th largest shipping company as measured by TEUs. In 2013, she controlled 65% of Antofagasta. Following the death of her husband, business of her husband under her control, "Fontbona managed to make their family business grow and reach its new heights of success". This included turning the business in the second biggest bank in Chile, the biggest brewer in the world, manager of the largest copper mines in the world and controlling the world's largest shipping company. Another one of her businesses is a pair of luxury hotel chains and a luxury resort in Croatia. One of her first major actions following her husband's death was to acquire a 70% stake in Chilean television station, Canal 13. Much of her power in the company appears to be indirect. Major business decisions impacting the company largely run by her son, Andrónico Luksic Craig, need to be approved of by Fontbona.
Philanthropy
In 2015, Fontbona donated a record $3,100 million CLP to the annual Chilean Telethon, which seeks to help children with physical disabilities. She appears on television for a telethon, which also takes place before a live audience. In 2016, she donated another large sum, $4,400 million CLP, which assisted in setting a record for the charity event in terms of funds raised.
Background
Fontbona was born in 1942 and attended a Catholic high school. When she was a 17-year-old, she met Andrónico Luksic Abaroa who was 15 years older than she and married him by the time she was 20. Luksic had five children by his first wife, Patricia Lederer, who had predeceased him. Fontbona became the mother of Andrónico Luksic Craig when he was a 7-year-old. Another son was Guillermo Luksic, who died of lung cancer in 2013. The couple had three children of their own. One son, Davor Luksic, was mentioned as having several offshare companies in the Panama Papers. Fontbona spends time in three primary residences, including Vitacura, Santiago, Chile, along with Belgravia in London, and in Liechtenstein. She is a devout Roman Catholic. She keeps a low profile but garners much media attention annually during the Chilean Telethon. She does not grant interviews.
