Aloysio De Andrade Faria is a 94 year old banker and businessman in Brazil. Trained to be a pediatrician, he entered the world of banking after the death of his father, and there was no looking back ever since. With so many banks under his portfolio, his net worth has been estimated at US $ 2.9 billion, and he is one of the richest people in the country. His life is an inspiring story in itself, evidencing how a trained medical professional turned into a billionaire banker under the force of circumstances.
Faria completed his Bachelor of Arts/Science from the University of Minas Gerais, and Master of Science, from the Northwestern University. After completing his education, he became a pediatrician in his city. But he practiced his profession for only a couple of years, after which his father Clemente Faria died, and he undertook his father’s financial business in 1949. It was a medium sized bank in Minas, the Minas Gerais Farming, which later became the Royal Bank. In 1978, he transferred the bank’s headquarters to Av. Paulista 1374, and bought some of the most updated data processing systems. Soon, the bank became the 4th biggest in the country.