Eggon da Silva’s profile picture

Eggon da Silva

EntrepreneurEntrepreneur
Eggon da Silva’s profile picture
Net worth 2018: $1.3 Billion
Industry: Manufacturing
Country: Brazil
BIOGRAPHY

Eggon da Silva was born in Brazil, is EntrepreneurEntrepreneur. Eggon Joao da Silva joins the Forbes World's Billionaires list for the first time this year. He is one of the founders of WEG, a publicly-traded Brazilian multinational that is the largest producer of electric motors in Latin America. He founded WEG in 1961 with two partners, Werner Ricardo Voigt and Geraldo Werninghaus. Each gave the first letter of his name to form the company's name. With a staff of more than 27,000 worldwide, WEG manufactures 11.5 million motors per year. The company has done business in the U.S. since 1991, with a base in Duluth, GA. WEG supports the Susan G. Komen Breast Cancer Fund, and is a member of the Gwinnett, GA Chamber of Commerce. In 2012, WEG bought Stardur Tintar Especiais, a Brazilian paint company and Injetel, which makes switchers, sockets and plugs. Silva started out as a handyman at a registry in Jaragua do Sul, an affluent city settled by European immigrants in the southern Brazilian state of Santa Catarina where he still lives today and where WEG is headquartered.

NET WORTH STATISTIC
2014

$1.3 Billion

2018

$1.3 Billion

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