Aloysio de Andrade Faria (9 November 1920 – 15 September 2020) was a Brazilian banker and
billionaire
A billionaire is a person with a net worth of at least one billion (1,000,000,000, i.e., a thousand million) units of a given currency, usually of a major currency such as the United States dollar, euro, or pound sterling. The American busin ...
. At the time of his death he was noted as being one of the world's oldest billionaires.
Early life
Aloysio de Andrade Faria was born in November 1920 in
Belo Horizonte
Belo Horizonte (, ; ) is the sixth-largest city in Brazil, with a population around 2.7 million and with a metropolitan area of 6 million people. It is the 13th-largest city in South America and the 18th-largest in the Americas. The metropol ...
, Minas Gerais, Brazil.
Career
A
pediatrician
Pediatrics ( also spelled ''paediatrics'' or ''pædiatrics'') is the branch of medicine that involves the medical care of infants, children, adolescents, and young adults. In the United Kingdom, paediatrics covers many of their youth until the ...
by training, Faria shared his medical interest with the financial business sponsored by his father. In 1949 he succeeded his father,
Clemente de Faria at the direction of the
Banco da Lavoura, transforming it into one of the most successful Brazilian banks,
Banco Real {{Infobox company
, name = Banco Real
, logo = Banco Real.svg
, trade_name = Banco ABN Amro Real S.A.
, type = S.A.
, predecessor = Banco da Lavoura
, founded = {{Start date, 1971, 03, 01, df=y in São Paulo, Brazil
, founder = Aloysio de ...
, which in late 20th century, sold all its local and international assets to the
Netherlands
)
, anthem = ( en, "William of Nassau")
, image_map =
, map_caption =
, subdivision_type = Sovereign state
, subdivision_name = Kingdom of the Netherlands
, established_title = Before independence
, established_date = Spanish Netherl ...
-based
ABN AMRO Bank
ABN or abn may refer to:
Companies
* ABN AMRO Group, a Dutch bank group
* ABN AMRO, sometimes referred to as "ABN" in shorthand, is a Dutch state-owned bank
* Algemene Bank Nederland, a now-defunct Dutch bank
Radio, news and television organizat ...
, but keeping other companies from the Real Group, such as Seguros Real (insurance) and Real Leasing Co. Faria, who had two daughters married, did not retire from the financial market and re-invested by incorporating a new personal and investment bank in New York, the
Alfa Bank, which is one of the ten largest and most successful banks in the country.
Faria also owned one of the largest
Guarana
Guaraná ( from the Portuguese ''guaraná'' ), ''Paullinia cupana'', syns. ''P. crysan, P. sorbilis'') is a climbing plant in the family Sapindaceae, native to the Amazon basin and especially common in Brazil. Guaraná has large leaves and cl ...
plantations in the world, the Transamerica Corporation, including a hotel and media groups. However he preferred to keep a low profile, and drove a 1960s
Mercedes Benz
Mercedes-Benz (), commonly referred to as Mercedes and sometimes as Benz, is a German luxury and commercial vehicle automotive brand established in 1926. Mercedes-Benz AG (a Mercedes-Benz Group subsidiary established in 2019) is headquartere ...
.
''Forbes'' estimated his net worth to be US$1.7
billion
Billion is a word for a large number, and it has two distinct definitions:
*1,000,000,000, i.e. one thousand million, or (ten to the ninth power), as defined on the short scale. This is its only current meaning in English.
* 1,000,000,000,000, i.e ...
in March 2020.
Death
Faria died on September 15, 2020, at the age of 99.
See also
*
List of billionaires
''The World's Billionaires'' is an annual ranking by documented net worth of the wealthiest billionaires in the world, compiled and published in March annually by the American business magazine ''Forbes''. The list was first published in March ...
References
1920 births
2020 deaths
Brazilian billionaires
People from Belo Horizonte
{{Brazil-business-bio-stub