The son of store owners, he built up an empire, Luksic Group, that took in telecoms, beer, mining, and banking and which, by the time of his death in 2005, had given him a net worth estimated at more than $4 billion.
To keep costs under control, managers continue to look for ways to improve operating efficiency, including investment in technology.
The research also confirmed the efficiency gains made through models such as Business Process Outsourcing are fuelling differentiation and innovation in client and advisor technology, along with developing new products and services.
Ahmadoff & Company also compared the billionaires list of 1996 and 2016 to those from South Korea, as well as global averages, from the same years.
Evidence based management, big data, and machine learning provides cutting edge insights into business model performance
Since the 2008 financial crisis, the financial industry has borne the brunt of new regulations, both in Switzerland and in other countries.
Over the next five years, wealth in the Middle East and Africa region is set to reach $11.8 trillion--and Saudi Arabia, the UAE, and Kuwait's contribution will account for 22.7 percent of that sum.