Aloysio de Andrade Faria
Aloysio de Andrade Faria | |
|---|---|
| Born | Template:Birth date Belo Horizonte, Minas Gerais, Brazil |
| Died | September 15, 2020 (aged 99) |
| Occupation(s) | Banker, businessman |
| Known for | Founder of Alfa Bank; leadership of Banco Real; owner of Transamerica Corporation |
Aloysio de Andrade Faria (9 November 1920 – 15 September 2020) was a prominent Brazilian banker and billionaire. At the time of his passing, he ranked among the globe's most senior billionaires.
Early life
Faria was born in November 1920 in Belo Horizonte, located in the state of Minas Gerais, Brazil.
Career
Initially trained in pediatrics, Faria shifted his focus to the financial sector. In 1949, he took over leadership of Banco da Lavoura from his father, Clemente de Faria. Under his guidance, the institution evolved into Banco Real, which became one of Brazil’s leading banks. Subsequently, its domestic and international operations were acquired by the Dutch financial group ABN AMRO Bank. Nonetheless, he maintained ownership of other companies within the Real Group, such as Seguros Real (insurance) and Real Leasing Co.
Faria further expanded his financial ventures by establishing Alfa Bank in New York, which is currently ranked among Brazil's ten largest banking institutions. Outside of banking, he owned a major Guarana plantation and controlled the Transamerica Corporation, encompassing hotel and media enterprises. Despite his substantial fortune, he preferred to keep a discreet public presence.
In March 2020, Forbes valued his net worth at approximately US$1.7 billion.
Death
Faria passed away on 15 September 2020 at the age of 99.