Edir Macedo & family’s profile picture

Edir Macedo & family

Edir Macedo & family’s profile picture
Net worth 2018: $1.1 Billion
Industry: Media
Country: Brazil
BirthDay: 18 February 1945
Sigh: Pisces
Children: 3
BIOGRAPHY

Edir Macedo & family was bornon 18 February 1945 in Brazil. Edir Macedo, founder of the Universal Church of the Kingdom of God, is among the richest religious leaders in the world and a Brazilian media mogul to boot. Raised a Catholic, he converted to evangelical Christianity in the early 1970s. In 1977 he founded his own sect in Rio de Janeiro, which follows "prosperity theology," asserting that faith and commitment to a church are rewarded with wealth. In July of 2013 he also became a banker after acquiring a 49% stake in privately-held bank Banco Renner, which boasts among the highest interest rates in Brazil. The transaction raised eyebrows in part because Brazil's central bank treated Macedo as a foreign investor since he is based in the U.S. The bulk of Macedo's fortune stems from his ownership of Rede Record, Brazil's second-largest broadcaster, which he acquired in 1990 from entertainer Silvio Santos. It's unclear how he got the funding to purchase the company: Brazil's Public Ministry has probed into the question for more than ten years while some reports have alleged that he used church funds. Macedo has declined to comment. His media empire also extends to an Atlanta-based Telemundo affiliate, W67CI. In 2014 Macedo inaugurated a huge replica of Solomon's Temple in Sao Paulo, which seats 10,000 congregants and is twice the height of the iconic Christ the Redeemer, located in Rio de Janeiro. The mega-church cost a reported $200 million to build and serves as Universal's headquarters.

NET WORTH STATISTIC
2013

$1.1 Billion

2014

$1.1 Billion

2015

$1.1 Billion

2018

$1.1 Billion

TIMELINE
2013

From March 2013 to 2015 Macedo has been on the Forbes billionaires list with a reported US$1

2010

On 19 October 2010 the São Paulo Justice Court (TJ-SP) annulled all accusations made by the São Paulo Public Ministry against the UCKG and its principal representatives by a majority vote

2007

In 2007 Macedo was also criticized for the acquisitions by his church which include: twenty-three TV stations, forty radio stations, two major daily newspapers, a real estate agency, a health insurance company, and an airline

2003

The São Paulo state prosecutor said that Macedo and his associates had misappropriated more than US$2 billion in donations from 2003 to 2008 alone, and that the alleged scheme went back 10 years

1992

In 1992 he spent eleven days in jail on accusations of charlatanism

1977

He founded with others the Universal Church of the Kingdom of God in Rio de Janeiro state, Brazil in 1977

1970

Macedo was raised Catholic, but by 1970 converted to Pentecostalism

1963

In 1963 he began a career as a civil servant, initially working with the state-run lottery of Rio de Janeiro, Loterj, and also at the Brazilian Institute of Geography and Statistics, IBGE, as a researcher in the economic census of 1970

1945

Edir Macedo was born in Rio de Janeiro in 1945 (one of seven surviving children)

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