Friday, December 18, 2015

Aloysio de Andrade Faria Has the Midas Touch

Aloysio de Andrade Faria, a highly successful Brazilian banker, has the Midas touch. His net worth as of May 2015 – US$2.8 billion – is a proof of it while his continuing success in the business world reinforces his golden touch.

Aloysio is a pediatrician by profession but as the son of a successful finance-related businessman, he merged his medical interest with business. In 1949, he became the leader of Banco da Lavoura when his father stepped down from his post and he transformed it into Banco Real, one of the most successful banks in Brazil. Banco Real, however, sold all of its national and international assets to ABN AMROBank, a Netherlands-based company, except for a few companies in the Real Group including Real Leasing and Seguros Real.

He is also a founder of the Alfa Bank, a personal and investment bank with headquarters in New York considered as one the ten largest banks in the United States. He is also the owner of the world’s largest Guarana plantations, the Transamerica Corporation, which also includes media and hotel groups.

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