Jean-Paul Luksic
Jean-Paul Luksic Fontbona (born May 31, 1964) is a Chilean businessman and mining executive who serves as chairman of Antofagasta PLC, one of the world's largest copper mining companies. As the son of the late Andrónico Luksic Abaroa and Iris Fontbona, Chile's wealthiest person, he is an heir to Chile's richest family and leads the mining operations that form the core of the family's fortune.
Jean-Paul has spent over three decades with Antofagasta, overseeing the development and expansion of major mining operations including Los Pelambres and Centinela. Under his leadership as chairman, Antofagasta has maintained its position as one of the largest copper producers in the world, with operations that account for the majority of his mother's estimated US$36 billion fortune.
The company has faced significant controversy over environmental damage at its Chilean operations and a contentious proposed copper-nickel mine in Minnesota called Twin Metals. The Minnesota project attracted particular scrutiny due to the Luksic family's real estate dealings with Ivanka Trump and Jared Kushner during the Trump administration.
Early life
Jean-Paul Luksic Fontbona was born on May 31, 1964, in Chile. He is the youngest of three children born to Andrónico Luksic Abaroa and Iris Fontbona. His siblings are María Paola Luksic Fontbona and María Gabriela Luksic Fontbona.
His father, Andrónico Luksic Abaroa, was the son of a Croatian immigrant father and a Bolivian mother. Beginning with a Ford dealership inherited from an uncle, the elder Luksic built one of Latin America's largest business empires, with interests spanning mining, banking, beverages, and media.
Growing up as the youngest son of Chile's most successful businessman, Jean-Paul was groomed from an early age to take on leadership roles in the family enterprise. His father's emphasis on mining as the foundation of the family's wealth would shape Jean-Paul's career focus.
Education
Jean-Paul was educated in Chile before pursuing higher education in the United Kingdom. He attended the London School of Economics, one of the world's leading social science universities, where he earned a Bachelor of Science degree in Management and Science.
His British education established connections that would later prove valuable as Antofagasta PLC is headquartered in Santiago but listed on the London Stock Exchange.
Career
Early career at Antofagasta
Jean-Paul began working in the family's mining business in the 1980s, learning the operations that would eventually become his responsibility. His father, Andrónico Luksic, had acquired the century-old, money-losing Antofagasta & Bolivia Railway Co. in 1980 and was in the process of transforming it into a copper mining giant.
From his early years in the company, Jean-Paul gained hands-on experience in mine development and operations, working his way through various roles in the organization.
Mine development
Over his more than 30-year career with Antofagasta, Jean-Paul has been responsible for overseeing the development of several major mining operations:
Los Pelambres: One of the largest copper mines in the world, located in Chile's Coquimbo region. Jean-Paul oversaw its development into a major copper and molybdenum producer.
El Tesoro (now Centinela Cathodes): Jean-Paul was instrumental in developing this operation, which has since been integrated into the larger Centinela mining district.
Centinela: A major copper mining complex in Chile's Antofagasta region.
These development projects established Jean-Paul's reputation as an effective mining executive and positioned him for the chairmanship.
Chairman of Antofagasta PLC
Jean-Paul currently serves as Chairman of Antofagasta PLC, the London-listed mining company that is the crown jewel of the Luksic family's business empire. The family controls approximately 70% of the company's shares.
Under his chairmanship, Antofagasta operates four major copper mines in Chile:
- Los Pelambres – The company's flagship operation
- Centinela – A major copper mining complex
- Antucoya – A copper cathode operation
- Zaldívar (50% stake) – A copper cathode mine operated as a joint venture
The company is one of the world's largest copper producers, with output essential to global industries including construction, electronics, and the green energy transition.
Twin Metals project (United States)
Beyond Chile, Jean-Paul oversees Antofagasta's international expansion efforts, most notably the controversial Twin Metals project in Minnesota.
Twin Metals, a subsidiary of Antofagasta Minerals, has been seeking approval to create and operate a copper-nickel mine near Ely, Minnesota, on Superior National Forest land adjacent to the Boundary Waters Canoe Area Wilderness, one of America's most pristine wilderness areas.
The project has been the subject of intense political and environmental controversy:
Obama administration block (2016): The Obama administration blocked the project, agreeing that the planned mine would cause serious ecological damage to the surrounding area.
Trump administration reversal (2017–2018): Shortly after taking office, the Trump administration reversed the Obama-era decision and renewed the mining leases.
Biden administration review (2022): The Biden administration conducted a new environmental review that resulted in renewed restrictions.
Current status: The project remains in regulatory limbo, with ongoing legal and political battles over its future.
Controversies
Trump family rental arrangement
The most politically charged controversy involving Jean-Paul Luksic concerns a real estate transaction involving members of the Trump family.
In 2017, the Wall Street Journal reported that a U.S. real estate company owned by Andrónico Luksic Craig (Jean-Paul's half-brother) purchased a $5.5 million Washington, D.C., mansion and quickly rented it to Ivanka Trump and her husband, White House adviser Jared Kushner.
The rental arrangement extended from 2017 to 2021—precisely the period during which the Trump administration reversed the Obama-era block on the Twin Metals mining leases. A year after the Trump-Kushner family moved in, the Trump administration approved the Antofagasta mining leases.
Richard Painter, former White House chief ethics lawyer under President George W. Bush, criticized the arrangement, stating it "looks bad."
All parties have maintained that the timing was coincidental and the transaction was conducted at arm's length.
During the Twin Metals controversy, Antofagasta significantly increased its lobbying expenditures. In 2022, as the Biden administration conducted an environmental review, Antofagasta spent more than $1 million lobbying the federal government.
Environmental damage in Chile
Antofagasta's Chilean operations under Jean-Paul's leadership have faced serious environmental criticism:
Archaeological destruction: The Chilean Archaeological Society characterized Antofagasta's mining operations as causing "the biggest loss of cultural heritage in Chile's recent history." Construction of the El Mauro tailings dam at Los Pelambres resulted in the excavation of more than 500 boulders bearing 2,000 petroglyphs and the burial of a pre-Columbian cemetery and archaeological sites from two vanished cultures.
Water conflicts: In 2014, the Supreme Court of Chile ordered Minera Los Pelambres to return water to the community of Caimanes, finding that the tailings dam had caused significant environmental damage. Demonstrations over water, pollution, and socio-environmental impacts have been ongoing.
Toxic spills: Antofagasta has been identified as responsible for numerous toxic spills in Chile's Coquimbo region. In one incident, 13,000 liters of copper concentrate were dumped directly into a river. In 2022, a pipeline break contaminated nearby agricultural land.
Regulatory violations: The company has faced potential fines of up to $23.8 million and threats of mine closure over violations of environmental permits, including water pollution.
Indigenous water rights
The Luksic family's mining operations have been criticized for their impact on indigenous communities in Chile's Atacama Desert. Critics have accused Antofagasta of involvement in water privatization that has deprived indigenous families of their historic water sources.
A lawsuit filed by the Chilean state in 2023 alleged that mining companies including Antofagasta caused "serious, permanent and irreparable deterioration" of the Monturaqui-Negrillar-Tilopozo aquifer and "the life systems and customs of the Peine Indigenous Community."
Political connections
The Luksic family has been linked to political-financial controversies in Chile. Banco de Chile, controlled by the family, reportedly provided a special $10 million loan to a Chilean president's daughter-in-law after she met with Jean-Paul's half-brother, bank vice-president Andrónico Luksic Craig.
Personal life
Marriage and family
Jean-Paul Luksic married Belinda Anne Nonie James in 1993. The couple has three children:
- Isabella Joan Mary Luksic (born 1994) – Currently leads the Luksic Foundation
- Thomas Luksic (born 1997)
- Sebastian Luksic (born 1998)
The emergence of Isabella Luksic as leader of the family's philanthropic foundation suggests the third generation is beginning to take on responsibilities in the family enterprise.
Residences
Jean-Paul maintains residences in Chile and the United Kingdom, reflecting both his operational responsibilities in Chile and the company's London listing.
Role in family business structure
Following the death of Andrónico Luksic Abaroa in 2005, the family divided responsibilities:
- Iris Fontbona serves as the family matriarch and ultimate controller
- Jean-Paul Luksic (her biological son) leads mining operations as chairman of Antofagasta
- Andrónico Luksic Craig (her stepson) oversees financial holdings including Banco de Chile
Jean-Paul's brother Guillermo Luksic, who had led industrial holdings through Quiñenco, died of lung cancer in 2013.
This division has allowed the family to maintain unified ownership while leveraging specialized expertise across different business sectors.
Philanthropy
The Luksic family has established significant philanthropic initiatives, particularly in education:
Luksic Scholars Program: Founded by Andrónico Luksic Abaroa in the late 1990s, this program provides scholarships at prestigious universities worldwide. More than $40 million has been invested, creating a network of over 1,500 Luksic Scholars.
Luksic Foundation: Now led by Jean-Paul's daughter Isabella, this foundation continues the family's philanthropic activities in Chile.
Chilean Telethon: Jean-Paul's mother Iris Fontbona has made record-breaking donations to this annual charity supporting children with disabilities.
Net worth
Jean-Paul Luksic's personal net worth is not separately disclosed, as the Luksic family wealth is primarily held through collective family ownership of Antofagasta PLC and Quiñenco.
As of November 2025, the family fortune controlled by his mother Iris Fontbona is estimated at approximately US$36 billion. The majority derives from the family's nearly 70% stake in Antofagasta, which Jean-Paul oversees as chairman.
Legacy
Jean-Paul Luksic's legacy is being shaped by his stewardship of the family's mining operations at a critical time for the copper industry:
Copper demand: As the world transitions to renewable energy, copper demand is expected to surge due to its essential role in electric vehicles, solar panels, and wind turbines. This positions Antofagasta for potentially significant growth.
Environmental challenges: However, his legacy will also be defined by how the company addresses the environmental controversies that have plagued its Chilean and U.S. operations.
Generational transition: With his daughter Isabella now leading the family foundation, Jean-Paul appears to be overseeing a transition to the third generation of Luksic family business leadership.