Jose Mendes Nogueira & family’s profile picture

Jose Mendes Nogueira & family

Jose Mendes Nogueira & family’s profile picture
Net worth 2018: $1.1 Billion
Industry: Metals & Mining
Country: Brazil
BIOGRAPHY

Jose Mendes Nogueira & family was born in Brazil. In 1966, Jose Mendes Nogueira founded iron ore mining firm J Mendes in Itauna, a small city in the southeastern Brazilian state of Minas Gerais. In 2008, Usiminas, Latin America's biggest flat steel group, bought J Mendes to secure the supply of raw material for steel manufacturing, with cash disbursements over time. The down payment was $925 million for 100% control of J Mendes, with additional clauses that could lift the price to $1.9 billion depending on surveys of the iron ore reserves. Jose Mendes Nogueira owned 80% of the company and the rest was divided among his 5 children. Media-shy Nogueira maintains a simple lifestyle and stays out of the limelight.

NET WORTH STATISTIC
2014

$1.1 Billion

2018

$1.1 Billion

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