He is also the Chairman of the Board of Directors of Grupo Pão de Açúcar, a Brazilian retail company. Queiroz has been a major shareholder of Hypermarcas since its inception in 1999 and has been the Chairman and CEO since 2003. He is also a major shareholder of Grupo Pão de Açúcar, which he has been Chairman of the Board of Directors since 2011. Joao Alves de Queiroz Filho has an estimated net worth of $1.7 billion, making him one of the wealthiest people in Brazil. He is the Chairman and CEO of Hypermarcas SA, a Brazilian conglomerate, and Chairman of the Board of Directors of Grupo Pão de Açúcar, a Brazilian retail company. He has been a major shareholder of both companies since their respective inceptions and has held his current positions since 2003 and 2011 respectively.
Joao Alves de Queiroz Filho is a member of Richest Billionaires
💰Joao Alves de Queiroz Filho Net worth: $1.2 Billion
Joao Alves de Queiroz Filho Net Worth: Joao Alves de Queiroz Filho is a Brazilian consumer goods magnate who has a net worth of $1.7 billion. Born in 1952, Queiroz, also known as Junior, serves as the Chairman and CEO of Hypermarcas SA, a Brazilian conglomerate. A graduate of Faculdade Dom Pedro II, he started to earn his wealth with Arisco, a cleaning product company. His father founded the company in 1969, and through the years, it grew into Brazil's leading company in the food sector. Then, in 2000, Queiroz sold the firm to Bestfoods for $760 million, and the next year, he founded Hypermarcas after purchasing steel wool companies all over Brazil.
Currently, the company holds the major portfolio of consumer brands in Brazil, including cleaning supplies, drugs, food, as well as personal hygiene and beauty products, and it holds five industrial complexes with 13 diverse production lines, based in Sao Paulo, Santa Catarina, Rio Grande do Sul and Goias. Moreover, Hypermarcas could be best described as a Brazilian version of Unilever, which marked its growth thanks to product launches, powerful brand renovation, acquisitions, and gaining publicity with Brazilian celebrities. In addition to Hypermarcas, Queiroz also has interest in other companies, including Burger King, which he purchased in 2010 a deal led by Brazilian billionaires Marcel herrmann Telles, Carlos Alberto Sicupira and Jorge Paulo Lemann. Moreover, he is a board member of the Remuneration Committee.
