Meet the Brazilian documentarian, the winner of a number of awards, who was born in 1962 in Rio de Janeiro. Joao, the 894thbillionaire in the world according to Forbes, belongs to one of the oldest banking families in Brazil and is worth $1.62 billion. He is one of the most well-known names in the new generation of Brazilian filmmakers.
Banking and minerals are the secret behind Joao’s wealth and success. The family’s banking company, Unibanco merged with Banco Itau in 2008, a merger that turned Joao into the individual shareholder with the most shares of Itau Unibanco, which is the second largest bank in Brazil. In 1956, Walther Moreira Salles, Joao’s father, bought a majority stake in the mining company, which produced niobium, an element which was little known back then, However, Walther’s business acumen paid off, as currently, his company, Cia.