What is Maria Helena Moraes Scripilliti's Net Worth?
Maria Helena Moraes Scripilliti is a Brazilian businesswoman who has a net worth of $3.3 billion. The daughter of Jose Ermirio de Moraes, who set up the family-owned Grupo Votorantim, Maria Helena Moraes Scripilliti entered the billionaires' circles for the first time this year. The group, which is now considered the fifth largest diversified industrial conglomerate in Latin America, is active in more than 20 countries in the aluminum, pulp and paper, energy, and cement industries. In 2012, it reached sales of $10.5 billion, half of which comes from the cement business that reaches its peak in Brazil as the country prepares for the 2014 FIFA World Cup and the 2016 Summer Olympics.
Nowadays, the Scripilliti family still owns 100% of the business, even though it was established back in 1918, when Maria Helena's father bought a textile factory in Sao Paulo. It was Maria's late husband Clovis Scripilliti that helped Votorantim expand in northeast Brazil during the 1960s and 1970s. While her son Clovis Ermírio de Moraes Scripilliti now serves as vice chairman of the board. Five other family members enjoy the billionaire status.
