Marcos Galperin

Marcos Galperín (born October 31, 1971) is an Argentine businessman, who is best known as the co‑founder, Chairman, President and CEO of MercadoLibre.com.

Marcos Galperín
Marcos Galperin in 2009
Born (1971-10-31) October 31, 1971
Buenos Aires, Argentina
Alma materUniversity of Pennsylvania (BS 1994)
Stanford University (MBA 1999)
OccupationChairman, President & CEO of MercadoLibre.com
Known forCo-founder of MercadoLibre.com
Net worthUS$8.2 billion (January 2021)[1]
Children3

Personal life

Marcos Galperín was born in Buenos Aires, Argentina, to a wealthy family, owners of SADESA, one of the largest leather companies in the world. He attended Saint Andrew's Scots School in Olivos. In 1990, after graduating from high school, he traveled to the United States to study finance at The Wharton School of the University of Pennsylvania. There, he became friends with José Estenssoro, YPF president's son. In 1994, he joined this company when he finished college and returned to Argentina.

In 1997, he returned to the United States and he enrolled at Stanford Graduate School of Business and in 1999 he earned his M.B.A.

Mercado Libre

Marcos began the company while still in business school at Stanford University. Finance professor Jack McDonald had been helping Marcos to contact potential investors and asked John Muse (businessman), an invited speaker and co-founder of the Hicks Muse private equity fund, if Marcos could drive him to his private plane. Before boarding his plane, Muse expressed his desire to have his fund invest in the idea and soon thereafter the company started. MercadoLibre received funding from JPMorgan Partners, Flatiron Partners, Hicks Muse Tate and Furst, Goldman Sachs, GE Capital and Banco Santander Central Hispano. In September 2001 eBay acquired 19.5% of MercadoLibre in exchange for eBay's recently acquired Brazilian subsidiary of Ibazar.com.br. In this transaction, MercadoLibre also became eBay's exclusive partner for the Latin American region.

He is considered one of Argentina's internet entrepreneurs. As result of this he received a Konex Award in 2008 and a Platinum Konex Award in 2018 as the most important businessmen of the last decade in Argentina.[2] In 1999, he was selected as an Endeavor Entrepreneur and currently serves its Argentina's Board of Directors. Endeavor (non-profit) is a global non-profit that selects and supports entrepreneurs in emerging markets. Additionally, he serves on the Board of Directors at Onapsis, in business application security, and is also an investor at COR, a project management tool that predicts and tracks profitability in real time.[3][4][5]

In addition to his duties at MercadoLibre, Mr. Galperín also sits on the board of directors at Globant.[6]

References
  1. "Marcos Galperin". Forbes.
  2. "Marcos Galperin - Platinum Konex Award".
  3. "Marcos Galperin, CEO of MercadoLibre, Joins Onapsis Board of Directors". Retrieved 2018-11-02.
  4. "MercadoLibre's Marcos Galperin Joins Board of Argentina Entrepreneur Company Onapsis - Endeavor". Endeavor. 2014-11-18. Retrieved 2018-11-02.
  5. "Archived copy". Archived from the original on 2014-12-07. Retrieved 2014-12-11.CS1 maint: archived copy as title (link)
  6. "Globant Board of Directors".
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