Aloysio de Andrade Faria’s profile picture

Aloysio de Andrade Faria

Aloysio de Andrade Faria’s profile picture
Net worth 2018: $2.5 Billion
Industry: Finance
Residence: Sao Paulo, Brazil
Country: Brazil
BirthDay: 9 November 1920
Children: 5
Education: Bachelor of Arts / Science, University of Minas Gerais; Master of Science, Northwestern University

Aloysio de Andrade Faria was bornon 9 November 1920 in Sao Paulo, Brazil, Brazil. Aloysio de Andrade Faria is #983 in List Billionaires People In The World. Aloysio de Andrade Faria's conglomerate Banco Alfa runs the gamut from finance to palm oil production to hotels and resorts to water brand to insurance to ice cream maker. Trained as a doctor, Faria only practiced medicine for two years before his father died and he took the helm of the family's Banco Real, transforming it into one of the largest banks in Brazil. In 1998 he sold the institution to Dutch bank ABN Amro for $2.1 billion. He's since used some of the proceeds to expand into 15 other holdings, including Agropalma, Latin America's largest palm oil producer and hotel chain Transamerica, which operates one of Brazil's most exclusive resorts at Comandatuba Island. Faria has reportedly been focusing on succession planning over the last few year -- he has five daughters. He reportedly owns 150 pure-bred horses and is a voracious reader.


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$2.5 Billion


However, Aloysio always kept a low profile, driving a 1960s Mercedes Benz


In 1949 he succeeded his father, Clemente de Faria at the direction of the Banco da Lavoura, transforming it into one of the most successful Brazilian banks, Banco Real, which in late 20th century, sold all its local and international assets to the Netherlands-based ABN AMROBank, but keeping other companies from the Real Group, such as Seguros Real (insurance) and Real Leasing Co


Aloysio de Andrade Faria was born on November 9, 1920 in Belo Horizonte, Minas Gerais

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