What is Alfredo Egydio Arruda Villela Filho's Net Worth?
Alfredo Egydio Arruda Villela Filho is a Brazilian businessman and engineer who has a net worth of $1.3 billion. Worth over a billion, Alfredo Egydio Arruda Villela Filho is a subtle member of one of Brazil's oldest banking dynasties. He is a chairman and one of the largest individual shareholders of Sao Paulo-based conglomerate Itausa Investimentos Itau SA, with interests in finance, real estate and a range of other industries. Itausa holds the reins of Itau Unibanco, the largest bank in the southern hemisphere, with total assets of $500 billion. Furthermore, it is the owner of Itautec, an electronics manufacturer specializing in ATMs; Duratex, a leading high-end provider of bathroom and wood products; as well as the chemical maker Eleikeiroz.
Aside from Filho's involvement with the group, he joins his billionaire sister Ana Lucia de Mattos Barretto Villela in the support of Alana Institute. It's a non-profit organization they co-founded in 1994 with the aim to promote social work, education and culture. Born in Sao Paulo in 1969, he lost his parents in a plane crash and he and his sister were raised by their aunt, Maria de Lourdes. Speaking of Maria de Lourdes, she has a multi-million-dollar fortune of her own and is one of the largest individual shareholders in Itausa.
