Jose Joao Abdalla Filho
$3.7B
Born
May 30, 1945
Age
80
Source of Wealth
Investments
Residence
Rio de Janeiro,
Citizenship
Brazil
Marital Status
Children
0
Education
- 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.
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