Eduardo Belmont Net Worth
“Once a woman experiences our products, she frequently needs to take the next step and build a company around it. The Woman can grow her company through individual contacts, parties, or a mixture of both.”
Eduardo Belmont was born on 20 November 1945 in Miraflores, Lima, Peru. His parents were Ramon Fernando Belmont Bar and Carmen Rosa Anderson Ruiz. He is the owner and president of Belcorp, which can be a door to door cosmetics company that operates in 16 Latin American states and the U.S. Eduardo is a citizen of Peru. He is 68 years old, married to Luisa Maria del Rosario Grana Podesta and lives with his three children in Lima, Peru. He is basically a self made businessman and has worked really hard make his wealth grow and finally become the richest man in Peru. He has also had additional degrees from Harvard Business School and Wharton.His cosmetic firm called Yanbal was collectively owned by him and his billionaire brother Fernando.
Eduardo and Fernando Belmont Anderson founded founded direct-sales beauty firm Yanbal in 1967. They break up in 1988 each forming his own business after an important row regarding its future strategy. While Fernando only added International to the Yanbal name, Eduardo developed a brand new one named Belcorp. Since the partition the two have barely communicated with each other. Belcorp and Yanbal, both decline to remark about any details on Fernando’s or Eduardo’s stakes. However, in accordance with Forbes, the brothers own at least 95% of each other’s company’s shares. During Peruvian Chamber of Commerce or other company meetings in which both guys are called to participate, they constantly send non-family executives to represent them.
Belcorp and Yanbal sell a range of beauty products using the Avon-style door to door model in over a dozen Latin American markets. In 2011, Belcorp had earnings of $2billion Yanbul had an estimated $720 million. Both firms are competing with Brazil-based Nature, which uses the exact same business model and is freely traded.
The two brothers behind the fast growing Peruvian cosmetic companies, Yanbal International and Belcorp, have solicited into unceasing demand for beauty and skincare creation in Latin America. Their huge success has pushed them into the billionaire territory. According to an interview in July 2012, Fernando is 69 years old and married with one kid, Janine Belmont, who now runs Yanbal. Fernando lives in Lima, apparently attended university in the U.S.
SUCCESS OF HIS BUSINESS — BELCORP
The company runs programes designed to help its advisers through life coaching and training in business development. The motivation behind these programs are to empower them to build their own businesses within the corporate construction. Belmont says, “When a woman joins one of our programmes, we consider her part of the Belcorp family. She’ll learn self confidence together with company creation and soccial networking, and specifically she learns how to become an independent entrepreneur.”
Belcorp’s objective would be to offer beauty brands at reasonable prices as well as supply an opportunity of creating a company around it. “Its an integrative approach. We work together to make a contribution to our community. We are not only a business worried about our fiscal bottom line, our bottom line includes the personal, fiscal and mental gowth of our beauty advisors.” , Belmont says.
Belcorp took the company’s signature line of high-end beauty and skin care products to the Uniteed States in 2005. After he saw that increase was small, Belmont took the danger of moving from the company’s traditional single-level direct selling model, in which distributors purchase products in the parent company and sell them directly to customers, to the multi-level marketing model which is more typically utilized in the U.S. Multilevel marketers make money in two ways. One is by buying products from the parent company and selling them to customers. Another method is by recruiting and sponsoring new direct sellers, getting a percent of their sales too.
In the usa, the company has grown into a field team-building model. This model offers a ninety-day step by step training programme designed to help new consultants become successful quickly. Consequently joining Belcorp is inexpensive and translates into a fast return of investment. A web site with the support of a back-office management suite of on-line businesss applications is helping new consultants to become immediate ecommerce entrepreneurs.
He intends to continue to grow the business and turn it into the top prestige cosmetics direct seller in the usa. There’s every reason to anticipate that he could reach it due to the hard work he’s done.
Being one of the richest guy in Peru, Belmont has entered the Forbes’ list of world billionaires. Belcorp has eight thousand staff members and a network of nearly nine hundred thousand independent beauty consultants. According to Yanbal’s corporate monetary manager Juan Carlos Rodriguez, the firm is working to more than double its sales to $2 billion by 2017-in part fueled by an ambitious European expansion- to become one of the planet’s top 10 direct cosmetic sellers.