Source of Wealth:Banking
Occupation:CEO and General Director of Itausa
Education:Instituto Maua de Tecnologia (BS) and Fundacao Getulio Vargas (MBA)
Alfredo Egydio Arruda Villela Filho is a Brazilian executive and engineer with an estimated net worth of $1.15 as of March 2013. He is a low-profile member of one of the oldest banking families in Brazil. He is a graduate of the Instituto Maua de Tecnologia with a degree in mechanical engineering. He then earned his MBA at the Fundacao Getulio Vargas.
With an estimated net worth of $1.15 billion, Mr. Filho is the 38th richest person in Brazil and is ranked as the 1250th in the list of World Billionaires. He began earning his net worth when he was chosen to lead the family business after his great uncle Olavo Setubal died in 2008. In the same year, the family’s Banco Itau merged with Unibanco. He then became the CEO and General Director as well as the largest shareholder of Itausa, a holding company that controls one of Brazil’s largest banks, Unibanco Holding S.A. Since March 2003, he served as the Vice Chairman of the Board of Directors. He has been a Member of the Disclosure and Trading Committee since May 2005 and a Member of the Appointment and Corporate Governance Committee since June 2009. Itausa also controls Duratex, a wood panel producer where he owns a minor stake; Itautex, a banking and consumer electronics company; and Elekeiroz, a chemical producer.
In the past year, Alfredo’s fortune has significantly dropped by more than $2 billion after Forbes has found detailed new information on the value of his holdings. Along with his sister, Ana Lucia, he is a supporter of Alana Institure, a non-profit organization created in 1004 to support social work, education, and culture.
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