⬅ # 702 Jeffrey Lurie|# 704 Walter Salles

# 703 João Moreira Salles 


Real Time Net Worth
as of 7/12/2024
-$1.0M (-0.02%)

# 703 João Moreira Salles 


Real Time Net Worth
as of 7/12/2024
-$1.0M (-0.02%)
Source of WealthBanking, Minerals
ResidenceRio de Janeiro, Brazil
Marital StatusDivorced
Age-Adjusted Net Worth$3.94B
João Moreira Salles
João Moreira Salles
Net worth: $4.52B

Self-Made Score 

Wealth History

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João Moreira Salles, born in Rio de Janeiro in 1962, is a Brazilian documentarian, president of the Instituto Moreira Salles, and a member of one of Brazil's oldest banking families.
He amassed his wealth through the banking industry, inheriting a significant portion of his fortune from his late father, Walther Moreira Salles, who founded Unibanco, one of Brazil's leading banks.

Early Life and Education

Born in Rio de Janeiro in 1962.
Part of the prestigious Moreira Salles family, known for their involvement in the banking sector.
Received education in Brazil, likely from prominent institutions given his family's status.
Possibly pursued higher education, though specific details are unavailable.

Career in Banking and Business

Inherited a substantial portion of his wealth from his father, Walther Moreira Salles, who founded Unibanco.
Unibanco, under his father's leadership, became a prominent player in Brazil's banking industry.
In 2008, Unibanco merged with Itau, forming Itau-Unibanco, the largest bank in Latin America.
Alongside his brothers, he owns stakes in CBMM, a major supplier of niobium globally.

Filmography and Contributions to Cinema

Started his career in filmmaking in the late 1980s.
Directed and produced various documentaries and TV series, including 'News From a Personal War' and 'Santiago'.
Received numerous awards and nominations for his documentaries, such as the Silver Daisy Awards and the Cinema Brazil Grand Prize.
Contributed to mainstream cinema in various capacities, including as a location scout for 'A Beautiful Mind'.

Journalism and Other Endeavors

Founded the magazine piauí in 2006, showcasing his entrepreneurial ventures beyond banking and filmmaking.
Received journalism awards like the Prêmio Esso de Informação Científica, Tecnológica e Ecológica for 'Artur tem um problema'.
Recognized for his gastronomy criticism with awards like the Frist Golden Campus Casserole Award.
Has taught courses on documentary filmmaking at institutions like the Pontifical Catholic University of Rio de Janeiro and Princeton University.

How long would it take you to become as rich as João Moreira Salles?

If you started with $10,000 and invested an additional $500 each month at a 44.15% CAGR, it would take you 5 years to reach João Moreira Salles's net worth of $4.52B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 51.86% compared to 19.03% for the S&P 500 benchmark.

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João Moreira Salles is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For João Moreira Salles, Banking and Minerals are the primary sources. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey