According to Forbes Magazine, he’s #74 in the World Billionaires List (#67 in 2012), and the 3rd wealthiest person in Brazil. The firm was founded in 1918 when his grandfather bought a textile factory in Sao Paulo. Now, it runs in more than 25 nations round the world.
Antonio Ermirio de Moraes Net Worth $2.7 Billion
Included in the next generation who still runs company with 100% controlling stake, Antonio serves as the public face of your family. He has had direct political engagement with all the promoter to promote democracy, the development of the national health system as well as raising job opportunities. In 1986, he ran for governor in the state of Sao Paulo but he lost the bid. As a prolific writer, he also writes a weekly column for Sao Paulo newspapers and magazines in national circulation. The prolific writer is an associate of the Academia Paulista de Letras and also writes plays.
De Moraes holds a degree in engineering from the Colorado School of Mines where his dad also analyzed. He served as the president of the Beneficncia Portuguesa Hospital in Sao Paulo, a hospital that delivers services to the state’s citizens who are below the poverty line. Lately, it had been announced that his grandson Artur Fertitas will succeed as the president. His other grandson is IndyCar Series driver Mario Moraes.