Antônio Ermírio de Moraes explained

Antônio Ermírio de Moraes
Birth Date:4 June 1928
Birth Place:São Paulo, Brazil
Death Place:São Paulo, Brazil
Alma Mater:Colorado School of Mines
Occupation:Businessman
Chairman and CEO,
Votorantim Group
Children:9
Relatives:Maria Helena de Moraes (sister)
Ermirio Pereira de Moraes (brother)
Mario Moraes (grandson)

Antônio Ermírio de Moraes (June 4, 1928 – August 24, 2014) was a Brazilian billionaire businessman and the chairman of the Votorantim Group, one of the country's largest companies, focused on metals, paper, cement and frozen orange juice.[1] [2] He was the grandfather of IndyCar Series driver Mario Moraes.

Moraes was also the president of the Beneficência Portuguesa Hospital – located in São Paulo – which provides 60% of its services to citizens below the poverty line. His grandson Artur Freitas was recently announced as his successor in the presidency. As of 2014, Moraes was ranked 520th on the Forbes list of billionaires, with an estimated fortune of $3.1 billion.[3] During the course of his career, Moraes has had direct political involvement with campaigns to promote democracy, the improvement of the national health system and the generation of job opportunities. He ran for governor of São Paulo State in 1986, but lost the elections. He frequently published articles in newspapers and magazines of national circulation and is a member of the Academia Paulista de Letras.

On his death in 2014, ownership of Votorantim Group passed jointly to his two children, Maria Helena de Moraes and Ermirio Pereira de Moraes.[4]

External links

Notes and References

  1. News: Ermirio de Moraes, head of Brazil's Votorantim for decades, dies. May 24, 2015. Reuters. August 25, 2014.
  2. News: Antonio Ermirio de Moraes, Brazilian Billionaire, Dies at 86. May 24, 2015. Bloomberg. August 25, 2014.
  3. https://www.forbes.com/profile/antonio-ermirio-de-moraes/ Antonio Ermirio de Moraes - Forbes
  4. Web site: 2014-08-25 . Morre aos 86 anos o empresário Antônio Ermírio de Moraes . 2023-03-28 . Agência Brasil . pt-br.