Pedro Moreira Salles net worth
Pedro Moreira Salles Net Worth: Pedro Moreira Salles is a Brazilian billionaire with a net worth of $3.3 billion. One of four brothers who inherited banking and mining fortunes, Pedro Moreira Salles began amassing an estimated net worth of $3.3 billion when he joined his late father’s Unibanco in 1989.
The bank is today the largest private banking institution in Brazil, led for decades by his father, Walter Moreira Sales. Salles gradually rose through the bank. In 1991, he assumed the role of vice president, and six years later he became chairman of the board. He was named chief executive in 2004 and took on most of the responsibility for the bank’s merger with Banco Itau in 2008. As a result, Pedro became one of the largest individual shareholders of Itau Unibanco Holding SA with a 2% stake. He returned to the billionaires club this year thanks to his interest in Cia Brasileira de Metalurgia & Mineracao (CBMM). Along with his brother, Pedro is one of the major shareholders in CBMM, with a combined 68.5% stake. In addition to this, Pedro is also said to be a member of the Group of Fifty.This is a nonprofit initiative of Latin American executives sponsored by the Carnegie Endowment for International Peace and Inter-American Dialogue in Washington, D.C.
