World Business: Personal File: Mar. 15, 1963

∙Unlike the many Latin American businessmen who salt their money away in Swiss banks, tall, courtly Alfredo Fortabat, 68, one of Argentina's richest men, is renowned for free-spending philanthropy. He has built many kindergartens and schools, and this week will dedicate a new Fortabat-financed technical college for 600 students. He learned his philanthropy from his father, a wealthy rancher who told him: "Never forget generosity, tolerance and good community spirit." Fortabat amassed his own immense fortune himself by working a 6 a.m.-to-11 p.m. day building a $100 million chain of four factories that produce 55% of Argentina's cement, and a string...

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