Jaime Fonalledas

Fonalledas, who has been honored by universities, professional associations, and the Roman Catholic Church is married to the former Zoraida Ferraiuoli-Martinez, the Republican National Committeewoman for Puerto Rico, who was a Superdelegate to the 2000 Republican National Convention in Philadelphia and an important Statehood advocate for the island. Mrs. Fonalledas received her Juris Doctor Degree from the InterAmerican University School of Law of Puerto Rico and her LLM in Labor Law from the New York University School of Law. She was reelected National Committeewoman for Puerto Rico at the State Convention held on November 23, 2003. She has held this position since 1995. The Fonalledas have four children.

In 2000, Fonalledas was named "Puerto Rico Chamber of Commerce Businessman of the Year". He has also been recognized as one of the Caribbean Business Top Business Leaders of Puerto Rico. In 2003, Fonalledas donated 500 thousand dollars to the scholarship funds of the University of Puerto Rico.

Empresas Fonalledas invested millions of dollars in various real estate projects. The construction of an office tower, Torre Chardon, began in 1998 and was finished in 2001. Fonalledas also oversaw the development of two residential projects in San Juan and Ponce respectively as part of the real estate holdings of Empresas Fonalledas.

Fonalledas was born in San Juan, Puerto Rico into one of the island's wealthiest families. There he received his early education at Catholic schools in Hato Rey and Rio Piedras. In 1966, he graduated magna cum laude from the Interamerican University of Puerto Rico and earned a degree in Economics. Fonalledas pursued his law degree at the University of Puerto Rico School of Law and was admitted to the Puerto Rico Bar in 1971. He joined his family's business enterprises "Empresas Fonalledas", a business which has its origins in the early part of the 20th century.

Fonalledas was still a child in the late 1950s when the family thought of the idea of developing a shopping center, modeled after Lenox Square in Atlanta and spurred on by the evolution of the concept in the United States. Construction began on the same sugar cane fields on which the Fonalledas family had established their dairy business and Plaza Las Americas was inaugurated in 1968, boasting the first JC Penney store outside the continental United States.

Jaime Fonalledas (born 1946) is the President and CEO of Empresas Fonalledas Inc., which owns Plaza Las Américas, the largest shopping mall in the Caribbean and one of the top retail and entertainment venues in the world. Empresas Fonalledas Inc., also has holdings in dairy cattle operations, milk processing plants, non-dairy food industries, plastics manufacturing, real estate ventures, and banking operations. Employing more than 9,000 people in total, Empresas Fonalledas companies include Plaza del Caribe, Tres Monjitas, Vaqueria Tres Monjitas, Ganaderia Tres Monjitas, Baristas del Caribe -local operators of Starbucks Puerto Rico- and franchise Soft & Creamy.

Fonalledas' grandfather, Jaime Fonalledas Córdova, had a farm called "Santa Elena", located in the town of Toa Baja. There he had a small store and sold milk and dairy products from his farm. On July 21, 1918, Fonalledas Córdova, together with his two brothers Jerónimo and Gerardo and his sister Rosa, bought 527 acres (2 square kilometers) of land in Hato Rey, a section of San Juan, which was part of a farm called "Las Monjas" and where sugar cane was cultivated.