Sergio Olins Andrade Net Worth
Sergio Linz Andrade and Family Net Worth: Sergio Lins Andrade is a Brazilian businessman with a combined family net worth of $1.6 billion. The richest newcomer in the world, Sergio Lins Andrade is chairman of Andrade Gutierrez, a construction company Brazilian private multinational conglomerate. He also holds a more than 33 percent stake in the company, which had revenues of $8 billion (16.8 billion reais) in 2012.
Andrade Gutierrez was founded in 1948 by three engineers: Flavio Gutierrez and brothers Gabriel and Roberto Andrade (Sergio’s father). They were succeeded by members of the Andrade and Gutierrez families, further expanding the company. With the privatization of Brazil’s infrastructure sector in the 1990s, Andrade Gutierrez had the opportunity to venture into public infrastructure concessions and telecommunications. Sergio, who has been actively involved in the company’s development as chairman of the board, was charged with sewer violations in late 2013 at a luxury mansion in a gated community in Rio de Janeiro. Of course, he denies any wrongdoing. A fan of gliders and scuba diving, he is married to Brazilian painter and sculptor Adriana Barreto.
