⬅ # 534 Cao Renxian|# 536 Charles Liang ➡

# 535 Maria Fernanda Amorim 

$5.90B

Real Time Net Worth
as of 4/12/2024
$38.2M (0.65%)

# 535 Maria Fernanda Amorim 

$5.90B

Real Time Net Worth
as of 4/12/2024
$38.2M (0.65%)
OccupationCo-owner, Corticeira Amorim; Partial Owner, Galp Energia
Source of WealthEnergy, Investments
Age89
ResidenceGrijo, Portugal
Marital StatusWidowed
Children3
Age-Adjusted Net Worth$829.60M
Maria Fernanda Amorim
Maria Fernanda Amorim
Portugal
Net worth: $5.90B

Self-Made Score 

Wealth History

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Biography

Early Life

Maria Fernanda Amorim was born into a family named Oliveira Ramos in Portugal.
Maria Fernanda was the daughter of a medical doctor, Manuel Pinto Moreira Ramos, and Maria José Nunes de Oliveira.

Career Inheritance

Following the death of her husband, Américo Ferreira Amorim, in July 2017, Maria Fernanda Amorim inherited a significant fortune.
Her husband, Américo, was a Portuguese billionaire businessman who owned a 50% stake in Corticeira Amorim, the world's largest producer of cork.
Américo Amorim was also heavily invested in finance and energy sectors, including an 18% stake in Galp Energia, a Portuguese oil and gas company.
Maria Fernanda Amorim and her three daughters inherited his wealth, which included a substantial stake in Galp Energia.

Wealth and Assets

Maria Fernanda Amorim's primary asset is an estimated 19.5% stake in Galp Energia, a Portuguese oil and gas company.
This stake was previously owned by her husband, Américo Amorim, who was also the chairman of Galp Energia until October 2016.
Galp Energia is chaired by Maria Fernanda's eldest daughter, Paula, following her husband's passing.
Aside from Galp Energia, Maria Fernanda and her daughters also inherited a significant share of Corticeira Amorim, the world's largest cork producer.

How long would it take you to become as rich as Maria Fernanda Amorim?

If you started with $10,000 and invested an additional $500 each month at a 44.18% CAGR, it would take you 5 years to reach Maria Fernanda Amorim's net worth of $5.90B.

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 36.27% compared to 8.51% for the S&P 500 benchmark.

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Maria Fernanda Amorim 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 Maria Fernanda Amorim, Energy and Investments 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