Jayme Garfinkel is the Chairman of the Board and former Chief Executive Officer of Porto Seguro SA who has an estimated net worth of $1.75 billion as of March 2013 according to Forbes. He is also the 30th richest person in Brazil and the 868th in the world.

Jayme Brasil Garfinkel earned his estimated net worth of $1.75 billion when he joined Porto Seguro in 1972 as the Assistant Director. He later assumed in 1978 the position of Executive Vice President. He took over Porto Segura upon the death of his father in 1978. The company was founded in 1945 and was bought by the Garfinkel family in 1972.

Under Jayme’s leadership, the company has become the largest Brazilian auto insurer with over 4.2 million vehicles covered. Currently, it is the second largest insurance company in Brazil with subsidiaries including Porto Seguro Vida, Azul Seguros and Porot seguro Saude. In September 2011, he stepped down as the CEO but he still participates in the company’s daily activities as the chairman of the board.

Aside from Seguro Porto, Mr. Garfinkel served as the President of the Syndicate of Private Insurance and Capitalization Companies of the State of Sao Paulo from 1989 to 1990. He is a member of the Consulting Committee of Fenaseg, He was also a member of CNSP between 1987 and 1991.

A graduate of the Polytechnic School of the University of Sao Paulo with a degree in Civil Engineering, Garfinkel also has completed his graduate studies in Business Administration at Getulio Vargas College in 1975. He has supported the creation and maintenance of schools in favels or shantytowns around Sao Paulo with more than 50,000 children through Porto Seguro.