Moraes was also the President of the Beneficência Portuguesa Hospital – located in São Paulo – which provides 60% of its services to citizens below the poverty line. His grandson Artur Freitas was recently announced as his successor in the presidency. Moraes was recently ranked number 316 on the Forbes list of billionaires, with an estimated fortune of $12.2 billion (ranked number 3 for Brazil). As of 2013, he was estimated to be worth R$25.68 billion with his family. During the course of his career, Moraes has had direct political involvement with campaigns to promote democracy, the improvement of the national health system and the generation of job opportunities. He ran for governor of São Paulo State in 1986, but lost the elections. He frequently published articles in newspapers and magazines of national circulation and is a member of the Academia Paulista de Letras.
On his death in 2014, ownership of Votorantim Group passed jointly to his two children, Maria Helena de Moraes and Ermirio Pereira de Moraes.
