Rank #1002
Jose Joao Abdalla Filho
Net worth $4.3B
Investments · Brazil
- Born
- May 30, 1945
- Age
- 80
- Source
- Investments
- Residence
- Rio de Janeiro
- Citizenship
- Brazil
- Marital status
- Children
- 0
- Education
Net worth over time
Biography
- Jose Joao Abdalla Filho is the son of J. J. Abdalla, a Brazilian entrepreneur and politician who built a real estate and textile company.
- In the 1950s, the group his father led became one the largest manufacturers of cement in the country, employing over 40,000 people.
- Abdalla Filho used the money he inherited to open Banco Classico, which owns stakes in a number of Brazilian companies.
- His Banco Classico owns 5% of Eletrobras, Brazil's largest electric utility, and almost 7% of Cemig, an energy giant that owns over 200 companies.
- His late father J.J. Abdalla was a doctor, businessman, and politician. He became mayor of Birigui, a small town in the state of Sao Paulo, and a congressman.
- A vast amount of land owned by the Abdallas in a central neighborhood in S?o Paulo was expropriated by the government in 1988.
Financial assets
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