What is Walther Moreira Salles' Net Worth?
Walther Moreira Salles was a Brazilian philanthropist, politician and banker who had a net worth of $2.7 billion. The son of João Moreira Salles, the founder of Casa Bancária Moreira Salles (Moreira Salles Banking House) in Pocos de Caldas, Walther Moreira Salles is regarded to be one of the pioneers in the modern Brazilian banking and financial industry. Born on May 28, 1912 in Pouso Alegre, Minas Gerais, Brazil, he was just 21 when he became a partner in the bank in 1933. Some seven years later, the bank merged three regional banks, and was later renamed to União de Bancos Brasileiros (Unibanco).
Eventually, the bank has become one of the top three banking institutions in Brazil. Walther Moreira Salles spent 60 years of his life working for Unibanco and finally retired as the bank's Chairman of the Board in 1991. Until his death in 2001, he had had three marriages which resulted in four children named Pedro, Walter, Joao and Fernando Moreira Salles. It's his son Pedro Moreira Salles that now serves as Unibanco's current president.
