Aloysio De Andrade Faria’s Journey to Become One of the Wealthiest Men in Brazil
Aloysio De Andrade Faria is one of the wealthiest men in Brazil that's featured in Forbes. In fact, he is included as the 12th wealthiest person on the list. With no doubt, Faria indeed has everything a person would desire his entire life. He achieved all that when destiny took control of his life, his respect for his father came in and his passion to reach success has evolved.
With a net worth of $1.94 billion as of Feb. 10, 2016, the 94-year-old businessman from Brazil was trained not to be a businessman or someone who can engage in such field. His eyes were completely focused in a life that revolved around the medicine field. He started to train to be a physician and completed his Bachelor of Arts/Science from the University of Minas Gerais, and Master of Science, from the Northwestern University.
But fate had shifted his life's course when Clemente Faria, his father, died in 1949. During that time, he realized the need for someone to take over his family's business. That's why after just a couple of years of practicing his skills and profession, he finally gave up his dream as a doctor and pushed through the world his father has left for him.
As posted in Success Story, his father's business was a medium sized financial institution located in Minas. Since the transfer of ownership and managing rights, his father's financial business has rocketed in net income and eventually earned the costumers' trust. In 1978, the bank headquarters was transferred to Av. Paulista 1374 and Faria has updated the bank's data processing systems.
With Faria's managing skills the bank soon became the 4th most successful financial institution in the Brazil. Later on, during the late 1990s, Faria decided to sell the bank's asset to ABN AmroBank not to retire but to reinvest his money to a new investment bank in New York, which he named the Alfa Bank.
Today, aside from banks, he also owns Transamerica Hotels and La Basque which is his ice-cream network. Faria also owns the Latin America's biggest palm oil company, the Agropalma, and the radio network Transamerica Network Communication, which was rumored to be sold to the Universal Church of Kingdom of God. He is also the proud owner of Transamerica Corporation, a business which includes hotels and media groups.
Despite having almost all the material things and recognition, Faria still manage to have a humble heart and loves to drive his 1960's Mercedes Benz.
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