Ermirio Pereira de Moraes

Last updated
Ermirio Pereira de Moraes
Born
Ermirio Pereira de Moraes Neto

1932/1933 (age 86) [1]
Brazil
Residence São Paulo, Brazil
NationalityBrazilian
Education University of Tulsa
OccupationCo-owner, Votorantim Group
Net worth$2.1 billion (March 2019) [1]
Children7
Parent(s) Antônio Ermírio de Moraes (father)
Relatives Maria Helena de Moraes (sister)

Ermirio Pereira de Moraes Neto (born 1932/1933) is a Brazilian billionaire businessman, co-owner of the privately held Votorantim Group.

A billionaire, in countries that use the short scale number naming system, is a person with a net worth of at least one billion units of a given currency, usually major currencies such as the United States dollar, the euro or the pound sterling. Additionally, a centibillionaire is commonly used to reference a billionaire worth one hundred billion dollars (100,000,000,000). The American business magazine Forbes produces a global list of known U.S. dollar billionaires every year and updates an Internet version of this list in real time. However, critics note that Forbes' and other newspaper lists suffer from selection bias and are more likely to include entrepreneurs--who have incentives to publicize their wealth to attract investors and talented workers--than those who obtained their wealth through inheritance or corruption and have both incentives and means to maintain their privacy. Forbes acknowledges that its methods and limits of publicly available information mean that the Forbes list of billionaires will be incomplete and less than completely accurate. The American oil magnate John D. Rockefeller became the world's first confirmed U.S. dollar billionaire in 1916, and still holds the title of history's wealthiest individual.

Votorantim Group company

Votorantim Group is one of the largest industrial conglomerates in Latin America, operating in various sectors such as finance, energy, siderurgy, steel, among others.

Contents

Early life

Ermirio Pereira de Moraes is one of two children of the late Antônio Ermírio de Moraes. [1] Moraes earned a bachelor's degree in petroleum engineering from the University of Tulsa in Tulsa, Oklahoma. [1]

Antônio Ermírio de Moraes Brazilian businessman

Antônio Ermírio de Moraes was a Brazilian billionaire businessman and the chairman of the Votorantim Group, one of the country's largest companies, focused on metals, paper, cement and frozen orange juice. He was the grandfather of IndyCar Series driver Mario Moraes.

Petroleum engineering field of engineering concerned with the activities related to the production of hydrocarbons, which can be either crude oil or natural gas

Petroleum engineering is a field of engineering concerned with the activities related to the production of hydrocarbons, which can be either crude oil or natural gas. Exploration and production are deemed to fall within the upstream sector of the oil and gas industry. Exploration, by earth scientists, and petroleum engineering are the oil and gas industry's two main subsurface disciplines, which focus on maximizing economic recovery of hydrocarbons from subsurface reservoirs. Petroleum geology and geophysics focus on provision of a static description of the hydrocarbon reservoir rock, while petroleum engineering focuses on estimation of the recoverable volume of this resource using a detailed understanding of the physical behavior of oil, water and gas within porous rock at very high pressure.

University of Tulsa

The University of Tulsa (TU) is a private research university in Tulsa, Oklahoma, United States. TU has a historic affiliation with the Presbyterian Church and the campus architectural style is predominantly Collegiate Gothic.

Career

Following the death of his father in 2014, he and his sister inherited control of Votorantim Group, one of Brazil's largest privately held companies. [1]

According to Forbes, he has an estimated net worth of $3.2 billion in December 2014. [1]

Personal life

He is married with seven children. [1]

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References

  1. 1 2 3 4 5 6 7 "Forbes profile: Ermirio Pereira de Moraes". Forbes. Retrieved 9 March 2019.