Joao Alves de Queiroz Filho Net Worth $2.1 Billion
Joao Alves de Queiroz Filho is a consumer goods tycoon with an estimated net worth of $2.1 billion as of March 2013 according to Forbes. He is also the 25th wealthiest man in Brazil and 704th in the world. Also known as Junior, he has accumulated his estimated net worth of $2.1 billion with Hypermarcas SA, a Brazilian conglomerate founded in 2001 after he bought steel wool businesses throughout the country. It produces and sells the greatest portfolio of consumer brands in the country that contained food, drugs, cleaning supplies, together with beauty and personal hygiene products. It’s better described as the Brazilian variation of Unilever which has grown due to acquisitions, product launching’s, extreme brand renovation work, and publicity with Brazilian stars. Queiroz serves as the Chairman of the Board of Directors of Hypermarcas SA where he can also be an associate of the Remuneration Committee. Aside from Hypermarces, he owns positions in several businesses such as Burger King. Mr. Filho has also built his bundle with Arisco, a cleaning product company that he started along with his father in 1969. The business became the biggest in the food sector in Brazil which was sold to Bestfoods in 2000 for $760 million. He’s become the Chairman of the Board of Directors and also the Chief Executive Officer for at least 20 years.