Rank #966
Joesley Batista
Net worth $4.4B
Beef processing · Brazil
- Born
- Feb 05, 1972
- Age
- 54
- Source
- Beef processing
- Residence
- Sao Paulo
- Citizenship
- Brazil
- Marital status
- Married
- Children
- 4
- Education
Net worth over time
Biography
- Joesley Batista is one of two billionaire brothers who control publicly traded JBS S.A., one of the world's largest meat processing companies.
- Their father, Jose Batista Sobrinho, started the business with a small butcher shop in Anapolis, in central Brazil. It grew by acquiring slaughterhouses in the region.
- Joesley and his brother Wesley took control of JBS in the 2000s, leading to its 2007 acquisition of U.S. pork and beef processor Swift & Co. for $225 million.
- He led the international expansion of JBS and and its main agricultural business, which became one of the biggest in Brazil.
- In 2017 Joesley was arrested as part of a large Brazilian bribery probe and reportedly held for six months.
- In May 2017, the brothers agreed to pay a $3.2 billion fine to Brazilian authorities because of their role in a large corruption scandal.
Financial assets
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