Born in 1918, the eldest child and son of Carlos Montez Champalimaud, a Military Doctor, Lord of the ancestral home of Quinta do Cotto in the Douro region , and wife Ana de Araújo de Sommer . He attended the La GuardiaJesuit High School before enrolling at the Faculdade de Ciências da Universidade de Lisboa to study Chemistry. António never finished his college education, for at 19, after his father's death, he took over the family's construction company. Later, at the age of 28 he took over his uncle's cement business. In Cascais, Estoril, at the Igreja de Santo António, on 16 December 1941 he married DonaMaria Cristina da Silva José de Mello, daughter of the major industrialist Dom Manuel Augusto José de Mello, and Amélia de Resende Dias de Oliveira da Silva. They had seven children together. Maria Cristina was an heir to the Grupo CUF, a company that was a conglomerate with interests in chemical, textiles, banking, insurances, shipbuilding and repairing, shipping and tobacco industries. They were divorced by 1957, after which he started competing with his ex-brother-in-law in the banking and insurance markets. His ex-wife married secondly in Lisbon, São Mamede, on 29 March 1980 Amaro de Azevedo Gomes, without issue. He bequeathed 500 million euros to establish the Champalimaud Foundation in order to support biomedicine. The foundation also administers a yearly 1 million euro prize for outstanding research related to vision, an appropriate prize, as late in life António lost his eyesight.
Business
Champalimaud expanded the cement business he took over from his uncle Henrique de Sommer in 1946 and expanded it in Portugal to the point of a near monopoly. He also expanded his cement industry into Africa, to the Portuguese overseas territories of Angola and Mozambique. In the early 1960s, he bought the Banco Pinto & Sotto Mayor and the insurance companies Confiança, Mundial and Continental Resseguros. In 1969 he fled to Mexico to avoid an arrest warrant related to an inheritance case over shares of the Empresa de Cimentos de Leiria, his uncle's old company. The warrant was revoked in 1973, after which Champalimaud returned to Portugal. In 1975, a year after the Carnation Revolution, his companies were nationalized by the new government. Champalimaud first fled to France and ultimately to Brazil. Without his fortune, he restarted building his wealth, first establishing a cement company in Brazil, and later by also operating commercial farms. In 1992, Champalimaud returned to Portugal and started to buy back his old companies. In a series of transactions, Champalimaud sold the Champalimaud Group to the Banco Santander Central Hispano, BSCH, Spain's largest bank.
