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Grizzly Bulls’ Billionaires Index

⬅ # 623 João Moreira Salles|# 625 Lin Li ➡

# 624 Walter Salles 

$5.20B

Real Time Net Worth
as of 6/28/2024
-$17.2M (-0.33%)

# 624 Walter Salles 

$5.20B

Real Time Net Worth
as of 6/28/2024
-$17.2M (-0.33%)
OccupationFilm director and producer
Source of WealthBanking, Minerals
Age68
ResidenceRio de Janeiro, Brazil
Marital StatusMarried
Children1
EducationBS, University of Southern California
Age-Adjusted Net Worth$3.02B
Walter Salles
Walter Salles
Brazil
Net worth: $5.20B

Self-Made Score 

Wealth History

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Biography

Overview

Walter Moreira Salles Junior, born on April 12, 1956, in Rio de Janeiro, is a Brazilian filmmaker.
He is most renowned for his Golden Bear winning film 'Central Station.'
Salles hails from one of Brazil's oldest banking families, with his late father, Walter Moreira Salles, being the founder of Unibanco and a former ambassador to the United States.
His wealth stems not only from banking but also from his stake in CBMM, the world's leading supplier of niobium.
Salles has directed over 20 films, including 'The Motorcycle Diaries,' which garnered international acclaim.
He has received numerous awards, including a Golden Globe for Best Foreign Language Film.

Early Life

Born on April 12, 1956, in Rio de Janeiro, Walter Moreira Salles Junior is the son of Brazilian banker, politician, and philanthropist Walter Moreira Salles.
He attended the University of Southern California School of Cinematic Arts.

Career

Salles gained recognition with his film 'Terra Estrangeira' (Foreign Land) in 1995, which was selected by over 40 film festivals worldwide.
His breakthrough came with 'Central Station' in 1998, earning him international acclaim and two Academy Award nominations.
In 2004, 'The Motorcycle Diaries' marked his international success, becoming a box-office hit in Latin America and Europe.
Salles ventured into Hollywood with 'Dark Water' in 2005, followed by his involvement in the Argentine picture 'Hermanas.'
He participated in notable projects like 'Paris, je t'aime' and 'To Each His Own Cinema,' showcasing his versatility as a director.
Salles continued his success with films like 'Linha de Passe' in 2008 and 'On the Road' in 2012, which was nominated for the Palme d'Or at Cannes.

Political Views

In December 2023, Salles signed an open letter alongside 50 other filmmakers, advocating for a ceasefire and humanitarian aid amid the Israeli invasion of the Gaza Strip.
He has been vocal on various political issues, including signing petitions in support of film director Roman Polanski.

Filmography

1991: 'A Grande Arte' (Portuguese, English, Spanish)
1995: 'Foreign Land' (Terra Estrangeira) (Portuguese) - Co-directed with Daniela Thomas.
1998: 'Central Station' (Central do Brasil) (Portuguese) - Golden Bear winner
2001: 'Behind the Sun' (Abril Despedaçado) (Portuguese)
2004: 'The Motorcycle Diaries' (Diarios de Motocicleta) (Spanish, Quechua, Mapudungun)
2005: 'Dark Water' (English)
2008: 'Linha de Passe' (Portuguese) - Co-directed with Daniela Thomas.
2012: 'On the Road' (English, French)
2024: 'Ainda Estou Aqui' (Portuguese)

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

If you started with $10,000 and invested an additional $500 each month at a 44.13% CAGR, it would take you 5 years to reach Walter Salles's net worth of $5.20B.

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 48.35% compared to 16.28% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Walter 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 Walter 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