Joseph Oughourlian

He is a Lebanese businessman who started to work in the media industry as manager of Société Générale in the 1990s. In 2005 he founded Amber Capital in the United States. The holding’s activities expanded to Europe (mainly England and Italy). In 2019 Amber Capital manages funds worth USD 1.8 trillion, according to its website.

Joseph Oughourlian himself has presided over the boards of directors of several European companies in the construction, insurance, cable TV, banking, port and food sectors. According to articles published on different media, Amber purchases stock in highly indebted companies and bails them out, but changes their management structure in its entirety. This was the case of PRISA in 2017, when Oughourlian arranged Juan Luis Cebrián’s departure from the group.

Amber Capital became a shareholder of Grupo PRISA in 2010 and, since then, the holding’s stock in the group has continued to grow. In 2018, the holding became the majority shareholder of the group.

Apart from media and other economic activities, Amber Capital also holds interests in soccer. It owns stock in soccer clubs Millonarios (Colombia) and Lens (France).