BUENOS AIRES – Argentina’s richest man according to Forbes, energy mogul Carlos Bulgheroni, died on Saturday in the United States, where he was hospitalized following a surgical procedure in June, his company said.
The 71-year-old Bulgheroni, along with his brother Alejandro, owned Pan American Energy, Argentina’s second-biggest oil company, behind state-run YPF.
According to local media, Bulgheroni had been battling cancer for years.
Forbes estimated that Carlos and Alejandro Bulgheroni had a fortune of $4.8 billion, making them the 324th richest people on earth.
In July, Bulgheroni’s Pan American Energy said it will invest $1.4 billion in exploring and producing Argentina’s conventional and unconventional energy reserves.
ELIANA RASZEWSKI, Reporting
ANTHONY ESPOSITO, Writing
DAN GREBLE, Editing