Fernando Roberto Moreira Salles was born in Sao Paulo, Brazil, Brazil. Fernando Roberto Moreira Salles is #395 in List Billionaires People In The World. Fernando Roberto Moreira Salles belongs to one of Brazil's oldest banking families. His late father, Walther Moreira Salles, was the founder of Unibanco and a former ambassador to the United States. In 2008 Unibanco merged with Itau, then Brazil's second-largest commercial bank, creating Itau-Unibanco, the largest bank in Latin America today. The Moreira Salles family owns a controlling stake in the bank. Moreira Salles' three half-brothers are also all billionaires, and they all own a majority stake in Cia. Brasileira de Metalurgia & Mineracao (CBMM), the world's leading supplier of niobium, which is used to produce stronger, lighter steel for industrial pipes and aircraft parts. Moreira Salles also owns a stake in the company that controls Brazil's largest book publisher.