Joao Alves de Queiroz Filho Net Worth
Joao Alves de Queiroz Filho Net Worth: Joao Alves de Queiroz Filho is a Brazilian consumer goods giant with a net worth of $1.6 billion. Queiroz, also known as Junior, was born in 1952 and is chairman and CEO of the Brazilian conglomerate Hypermarcas SA. He graduated from Faculdade Dom Pedro II and started making his fortune in cleaning products company Arisco.
His father founded the company in 1969, and over the years it has grown into a leading company in the Brazilian food industry. Then, in 2000, Queiroz sold the company to Bestfoods for $760 million, and the following year he founded Hypermarcas after acquiring steel wool companies across Brazil. Currently, the company has a portfolio of major Brazilian consumer brands, including cleaning supplies, pharmaceuticals, food, and personal hygiene and beauty products, and has five industrial parks in São Paulo, Santa Catarina, with 13 different production lines, Rio do Sul. Grande and Goias. In addition, Hypermarcas can best be described as Brazil’s version of Unilever, which has marked its growth thanks to product launches, strong brand refreshes, acquisitions, and getting publicity from Brazilian celebrities. In addition to Hypermarcas, Queiroz is interested in other companies, including Burger King, which he bought in 2010 in a deal led by Brazilian billionaires Marcel herrmann Telles, Carlos Alberto Sicupira and Jorge Paulo Lemann. Additionally, he is a board member of the Compensation Committee.
