Antônio Ermírio de Moraes

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Antônio Ermírio de Moraes
Antônio Ermírio de Morais.jpg
Born (1928-06-04)June 4, 1928
São Paulo, Brazil
Died August 24, 2014(2014-08-24) (aged 86)
São Paulo, Brazil
Alma mater Colorado School of Mines
Occupation Chairman and CEO,
Votorantim Group
Net worth Increase US$ 3.1 Billion (2014)[1]

Antônio Ermírio de Moraes (June 4, 1928 – August 24, 2014) was a Brazilian businessman and the chairman of the Votorantim Group; one of the country's largest companies, focuseded on metals, paper, cement and frozen orange juice.[3] [4] He was the grandfather of IndyCar Series driver Mario Moraes.

Moraes was also the president of the Beneficência Portuguesa Hospital – located in São Paulo – which provides 60% of its services to citizens below the poverty line. His grandson Artur Freitas was recently announced as his successor in the presidency. Moraes was recently ranked number 316 on the Forbes list of billionaires, with an estimated fortune of $12.2 billion (ranked number 3 for Brazil).[1] As of 2013, he was estimated to be worth R$25.68 billion with his family.[5] During the course of his career, Moraes has had direct political involvement with campaigns to promote democracy, the improvement of the national health system and the generation of job opportunities[citation needed]. He ran for governor of São Paulo State in 1986, but lost the elections. He frequently published articles in newspapers and magazines of national circulation and is a member of the Academia Paulista de Letras.

On his death in 2014, ownership of Votorantim Group passed jointly to his two children, Maria Helena de Moraes and Ermirio Pereira de Moraes.

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