Background and career
Leonardo Julio Farkas Klein (born March 20, 1967) is a Chilean businessman and philanthropist of Hungarian-Jewish descent, his wealth comes from iron mining companies operating in Chile. His philanthropy includes involvement in the Chilean Telethon, and people affected by disasters or in a vulnerable situation.
Farkas's parents were Hungarian Jews who emigrated from Transylvania to South America in 1939. His father, Daniel Farkas was one of various Hungarians in Chile active in iron mining in southern Atacama Region, in a geological region known as the Chilean Iron Belt. He was one of the businessmen that remained independent at a time when fellow Hungarian Andrés Andai rapidly expanded his mining operations in the 1950s. Daniel Farkas worked at the Compañía Minera Santa Bárbara, a company led by Andai's rival Emérico Letay, where the brothers of his wife, Francisco and José Klein had each a 30% stake. Over time he also developed his own mining businesses and owned among other things a glass bottle factory. Daniel Farkas lost much of his wealth with the nationalization of mines in Brazil in the 1950s and with the Allende administration's nationalization of iron mining in 1971. Leonardo Farkas studied business administration at the University of Santiago, Chile.
In the 1980s, he emigrated to the United States and worked in show business as a piano player while traveling between Las Vegas, New York, and Miami. He also worked in several Caribbean cruising companies. Known as "The Orchestra Man", he shared stages with artists such as Tom Jones and Julio Iglesias. During his performances, he met his wife, an American, Betina Friedman Parker, the great-granddaughter of Arthur Winarick, founder of the Concord Hotel in the Catskills in the state of New York, where they got married. At the age of 35, he retired from music to focus solely on his wife and their three children, taking on various jobs as an exporter and seller of various products. He also entered the real estate business in the United States, and then mining business in Chile.
Farkas returned to Chile in 2004 following the death of his father and reactivated the mining companies Compañía Minera Santa Bárbara and Compañía Minera Santa Fe that had been dormant for years. In doing so he sought a capital injection from the Australian company Admiralty Resources and oriented exports towards China. In 2009 he sold Compañía Minera Santa Bárbara to his Australian partners and kept Compañía Minera Santa Fe which remains the largest iron mining company in Chile after Compañía Minera del Pacífico. Farkas reportedly relocated from Chile to New York in 2012 shortly before the end of the 2000s commodities boom. In 2021, the international news company Bloomberg chose Leonardo Farkas among the 500 most influential Latin Americans. The agency stated that the mining entrepreneur is retired but "remains a relevant figure in local business and politics. More than anything, a philanthropist, Farkas has become a success story that, through social networks, promotes a successful platform to help thousands of Chileans in poverty situations." By 2021 Farkas had either sold or lost ownership of his mining companies to his Indian and Australian partners but all the mines of his former companies were closed or paralyzed by 2021.
In October 2008 Farkas announced that he was considering being an independent candidate for the presidential election of 2009. However, on December 5, he announced he would not be running.
In the polls of the presidential elections of 2009, 2013 and 2017 in Chile, he has been mentioned among the top preferences but has never accepted to run. Between 2019 and 2020, Farkas's preferences increased in the polls. In July 2020, Farkas polled in second place for Chilean presidency.
Sources
Net-worth figure: Celebrity Net Worth (October 2026), in USD. Biography and career facts: the person's Wikipedia article and linked reporting. Snapshot date for all StarWorth figures: 28 October 2026.
