10 Richest Men in Brazil in 2024 [Updated List]

Who are the richest men in Brazil? The richest men in Brazil have assets that together exceed the GDP of several underdeveloped countries.

Therefore, the richest men in Brazil move fortunes that can influence the financial market, which is why they have great local influence.

Who are the richest men in Brazil?

Every year Forbes Magazine makes a publication disclosing who are the richest men in the world and in Brazil.

Each of these Brazilian billionaires achieved their fortune in a different way, although some have similar characteristics. Therefore, it is interesting to know a little more about the origin of each one’s heritage.

The magazine conducts a survey, and later publishes a list with the names of businessmen and investors who have achieved great fortunes. And the current richest people in Brazil are:

  1. Jorge Paulo Lemann (US$ 15.8 Billion);
  2. Marcel Herrmann Telles ($10.6 billion);
  3. Eduardo Saverin (US$10.2B);
  4. Carlos Alberto da Veiga Sicupira and family (US$8.6 billion);
  5. Alexandre Behring da Costa (US$5.2 billion);
  6. André Santos Esteves (US$4.7 billion);
  7. João Moreira Salles and Walther Moreira Salles (US$4.1B);
  8. Jorge Neval Moll Filho and Fernando Roberto Moreira Salles and Pedro Moreira Salles (US$3.9 billion);
  9. Maurizio Billi ($3.5B);
  10. Walter Faria ($3.3).

1. Jorge Paulo Lemann

Jorge Paulo Lemann is a Swiss-Brazilian economist and businessman. He is currently the richest man in Brazil, a large part of his fortune originated in Banco Garantia.

The company of which he was a founder has established itself as one of the main investment banks in the country, with Forbes magazine as the Brazilian version of Goldman Sachs bank. Jorge Paulo Lemann’s fortune is valued at US$ 15.8 billion.

2. Marcel Herrmann Telles

The second richest man in Brazil is Marcel Hermann Telles, an economist, who joined Banco Garantia in 1972. There he met his future partners, Jorge Paulo Lemann and Carlos Alberto Sicupira.

He even bought the Brahma brewery in 1989 and ten years later it merged with Antártica to form Ambev, which in 2004 merged with Interbrew to form InBev, the largest brewery in the world. His net worth is valued at $10.6 billion.

3. Eduardo Saverin

Eduardo Saverin is a Brazilian entrepreneur and angel investor, with a fortune of US$ 10.2 billion. He is one of five co-founders of Facebook, with Mark Zuckerberg, Dustin Moskovitz, Chris Hughes and Andrew McCollum.

He studied at Gulliver Preparatory School in Miami and entered Harvard University. In their first year of college with Mark Zuckerberg, they decided to work on launching Facebook.

4. Carlos Alberto da Veiga Sicupira

Carlos Alberto da Veiga Sicupira is a partner of Jorge Paulo Lemann and Marcel Herrmann Telles at Anheuser-Busch InBev, which is the largest brewery in the world with around 25% of the global market.

In addition to InBev, Carlos Alberto Sicupira owns Fundação Brava, investing in projects to improve public management and NGOs, and he is one of the leaders of Fundação Estudar, dedicated to leadership development. His fortune is estimated at $8.6 billion.

5. Alexandre Behring da Costa

Alexandre Behring da Costa is a Brazilian investor, co-founder and managing partner of 3G Capital and executive chairman of Restaurante Marcas Internacionales, director of Anheuser-Busch InBev and president of Kraft Heinz.

Latin Trade magazine went so far as to say that Behring “is one of the prominent representatives of a new generation of aggressive financiers, investors and service-oriented consumer managers”. His net worth is valued at $5.2 billion.

6. André Santos Esteves

André Santos Esteves is a Brazilian businessman, philanthropist, Senior Partner at BTG Pactual and board member of Conservation International. He began his career in 1989 at Banco Pactual, and in 2005 he entered the list of billionaires in Brazil for the first time.

He became CEO of BTG Pactual, and in 2016 he became Senior Partner of the institution, advising the bank on strategic decisions and supporting the development of its activities and operations. His net worth is valued at $4.7 billion.

7. Joao Moreira Salles

João Moreira Salles is a documentary filmmaker, screenwriter, director and film producer, with an estimated fortune of US$ 4.1 billion. He entered the film industry encouraged by his brother Walter Salles Júnior, a film director. In 2006 he created the magazine Piauí.

Son of Walter Moreira Salles, João Moreira Salles makes up, alongside his three brothers, one of the richest families in Brazil.

7. Walther Moreira Salles Junior

Award-winning filmmaker, Walter Salles has a fortune of US$ 4.1 million, is responsible for films such as Central do Brasil – work for which he received, among others, the Golden Globe for Best Foreign Film, in 1999. He is one of the heirs of Walter Moreira Salles and  shareholder of Itaú Unibanco.

Alongside his brother João Moreira Salles,  Walter Salles Junior, or Waltinho, as he is called by some, he founded the production company VideoFilmes in 1987.

8. Jorge Neval Moll Filho

The eighth richest man in Brazil is Jorge Neval Moll Filho, with an estimated fortune of US$ 3.9 billion, a physician and chairman of the board of directors of REDE D´OR SÃO LUIZ, one of the largest hospital companies in the world.

For 26 years, he managed a group of diagnostic imaging clinics, and he sold the network to the Fleury group for US$ 1.19 billion in 2010, using the money to buy hospitals in several capitals.

8. Fernando Moreira Salles Junior

Fernando Roberto Moreira Salles belongs to one of the richest families in Brazil. With a fortune of US$ 3.9 billion, the businessman, alongside his three brothers (João, Pedro and Walter), is one of the major shareholders of Itaú Unibanco and Companhia Brasileira de Metalurgia e Mineração (CBMM).

Of the family, only Pedro Moreira Salles and  Fernando Roberto Moreira Salles effectively manage Itaú Unibanco, as president and director, respectively.

8. Pedro Moreira Salles

Pedro Moreira Salles is the current chairman of the board of directors of Itaú Unibanco and of the board of directors of the Brazilian Federation of Banks.

According to the Forbes 2024 list, Pedro has a net worth of approximately $3.9 billion.

9. Maurizio Billi

Maurizio Billi is president of the pharmaceutical multinational Eurofarma. Company that is among the largest medicine manufacturers in Brazil and that operates in more than 20 countries. The business is focused on the Latin American market. Region which,  thanks to long-term investment, managed to reach 87% of the market.

According to Forbes magazine’s 2024 ranking of billionaires,  Maurizio Billi is the 818th richest person in the world and 10th in Brazil, with an estimated fortune of US$3.5 billion.

10. Walter Faria

Walter Faria owns Grupo Petrópolis, the second most valuable beer company in Brazil. Among the alcoholic beverage brands that are part of Walter’s conglomerate are: Itaipava, Crystal, Lokal Bier, as the most popular beers. And Black Pincess, Petra and Weltenburger Kloster, on the Premium drinks menu, the company’s most recent investment, which has a profit margin five times greater than the conventional one.

According to the Forbes 2024 ranking of billionaires, Walter Faria is the 10th richest person in Brazil and with an estimated fortune of US$ 3.3 billion.

Who is Jorge Paulo Lemann?

Jorge Paulo Lemann is a Brazilian businessman and investor, considered one of the richest men in the country and in the world. He is co-founder of 3G Capital, which invests in companies such as Ambev, Burger King, Kraft Heinz, Anheuser-Busch InBev, Americanas SA, Lojas Americanas and Banco Garantia.

Furthermore, Lemann is known for his management philosophy, which prioritizes meritocracy and a high-performance corporate culture. 

He is also a great supporter of entrepreneurship and education in Brazil, having created Fundação Estudar. With an estimated fortune of billions of dollars, Lemann is one of the main business leaders of today.

Read Also: The 10 Richest Men In The World

How is the ranking of the richest people defined?

The ranking of the richest people is based on studies by companies specializing in market and equity analysis, such as Forbes and Bloomberg. These companies assess the fortunes of individuals by considering the value of their stocks, companies and other financial assets. 

Information on assets is obtained through public sources, such as income tax returns, in addition to consulting financial market specialists.

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