Rank #542
Miguel Krigsner
Net worth $7.2B
Cosmetics · Brazil
- Born
- Jan 09, 1950
- Age
- 76
- Source
- Cosmetics
- Residence
- Sao Jose dos Pinhais
- Citizenship
- Brazil
- Marital status
- Married
- Children
- 2
- Education
Net worth over time
Biography
- Bolivian-born Miguel Krigsner founded Grupo Boticario, Brazil's second-largest cosmetics company behind number one, Natura.
- Grupo Boticario operates in more than 50 countries; Krigsner individually owns approximately 80% of the business.
- His brother-in-law Artur Grynbaum joined as a financial assistant and worked his way up to president of the group by 2008. He owns about 20% of the group.
- In 1990 Krigsner created the Boticario Group Foundation dedicated to environmental protection, which receives about 1% of Grupo Boticario's net income annually.
- Today, Krigsner and Grynbaum serve as president and vice president, respectively, of the Grupo Boticario advisory board.
- His parents fled Nazi Germany to settle in Bolivia in the 1940s. Krigsner was born in Bolivia and moved to Brazil in 1961.