What is Francisco Ivens de Sa Dias Branco's Net Worth?
Francisco Ivens de Sa Dias Branco is a Brazilian businessman who has a net worth of $4.8 billion. Francisco is both a chairman and chief executive of the cookie and pasta maker M. Dias Branco S.A., plus owns 63% of the company. Founded as a bakery by his father Manuel in the 1940s, M. Dias Branco S.A. began milling its own wheat in the 1990s.
Nowadays, the company holds almost a 50% market share for its products in Brazil's northeast, where M. Dias Branco is based, and a 25% market share all over the country. All of Branco's children occupy certain positions in the huge Brazilian pasta maker. In addition to the above, Francisco also possess $1 billion worth of real estate in the northeastern Brazilian state of Ceara, where he lives. Thanks to his enormous wealth, he is considered to be the first billionaire in the Northeast region of Brazil, plus he joined the ranks of the Forbes World's Billionaires.
