Thursday, August 23, 2012

Brazil's Richest Woman

Dirce Navarro de Camargo
Photo from 1997
One day after "Forbes" named Dilma Rousseff the third most powerful woman in the world, we now know the identity of Brazil's wealthiest woman. 

According to this article from "Bloomberg Businessweek," she is Dirce Navarro de Camargo, a grandmother whose age could not be confirmed. She owns a controlling interest in the industrial conglomerate Camargo Correa SANot only is she the richest woman in Brazil, she is the third wealthiest person in Brazil. With a net worth of $13.1 billion, she is third only to Eike Batista ($21.1 billion) and InBev investor Jorge Paulo Lemmon ($17.4 billion). Ms. Camargo is also ranked as the 59th wealthiest person in the world.

Her husband, Sebastião Camargo, was born in 1909, and began working as a teen-ager, carting sand in donkey carts. He started a construction business in 1939 and won a series of government projects building roads and railways. An interesting quote from the article was one he made in 1990, when he told the "Folha de São Paulo" that "Brazil’s greatest progress was in the military government."

His widow took control of the business empire after his death in 1994, but the company is now headed by professional administrators.  The Camargo family keeps a low profile, especially compared to Eike Batista, who is not averse to publicity, and whose son Thor has been in the news after the car he was driving struck and killed a bicyclist.

Assuming that Ms. Camargo was not many years younger than her late husband, she is probably in her 90's. She has three daughters, two of whom have husbands who serve on the company's board.  The third husband died in an airplane accident in April, 2012.

Source: Brazil Portal

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