After graduating from high school, he relocated to Boston to study business at Babson College.

However, his time at Babson was brief as he returned to South America to work at the family's Ford dealerships.

[citation needed] During this time, he married Patricia Lederer Tcherniak, an Argentine national born around 1958, and together they had five children: Andrónico (b.

At the age of fifty, Luksic climbed Mount Everest in May 2004, despite having no prior experience in mountaineering.

In June, Luksic, along with Rodrigo Hinzpeter and other Quiñenco executives, sparked controversy by visiting Horacio Cartes, a former President of Paraguay classified as "significantly corrupt" by the United States, on a private jet.

[13] He is a member of the International Advisory Board at the Blavatnik School of Government, University of Oxford.

He is also a Trustee Emeritus at Babson College, and a member of the Tsinghua University School of Economics and Management.