Maria de Lourdes Egydio Villela’s profile picture

Maria de Lourdes Egydio Villela

Maria de Lourdes Egydio Villela’s profile picture
Net worth 2018: $1 Billion
Industry: Finance
Country: Brazil
Children: 2
BIOGRAPHY

Maria de Lourdes Egydio Villela was born in Brazil. Brazilian philanthropist and socialite Maria de Lourdes Egydio Villela, or "Milu," is a member of one of Brazil's oldest banking families. Her grandfather founded Itau, one of Brazil's largest banks, which merged with Unibanco in 2008 to form Itau-Unibanco, Latin America's biggest non-state bank. During the 2014 presidential election a candidate accused the bank of owing R$ 18.7 billion in back taxes related to its merger. Itau-Unibanco denied any wrongdoing. Business acumen runs in the family: her father founded publicly-traded Duratex, a Brazilian maker of wood paneling and bathroom fixtures. Maria de Lourdes is a member of Itausa's Board of Directors and president of Sao Paulo's Museum of Modern Art. She raised her nephew Alfredo Egydio and niece Ana Lucia, also billionaires, after a plane crash killed their parents in 1982.

NET WORTH STATISTIC
2011

$2 Billion

2012

$2.2 Billion

2015

$1 Billion

2018

$1 Billion

TIMELINE
Maria de Lourdes Egydio Villela, or Milu, is a Brazilian businesswoman, heiress, and philanthropist. Her grandfather founded Banco Itaú, which later merged with Unibanco to form Itaú Unibanco, Latin America's largest non-governmental bank. Her father founded Duratex. She sits on the board of directors of Itaúsa and the São Paulo Museum of Modern Art. She graduated from the Pontifical Catholic University of São Paulo.
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