by About of Joao Moreira Salles
Brazilian documentarian Joo Moreira Salles, born in Rio de Janeiro in 1962, is the head of the Instituto Moreira Salles. He started the publication Piau in 2006. Additionally, he has taught documentary classes at Princeton University and the Pontifical Catholic University of Rio de Janeiro.
Joao Moreira Salles, a Brazilian documentary filmmaker, comes from one of the country’s oldest banking families. Walther Moreira Salles, his late father, founded Unibanco and served as an ambassador to the US.
The second-largest commercial bank in Brazil at the time, Itau, and Unibanco merged in 2008 to form Itau-Unibanco, the biggest bank in Latin America.
The three billionaire brothers of Moreira Salles and CBMM, the largest producer of the mineral niobium, are also shareholders.
Joao Moreira Salles Net Worth $4.5 Billion
Brazilian documentary filmmaker Joao Moreira Salles has a $4.5 Billion fortune. Joao Moreira Salles, a descendant of one of the country’s oldest banking families, became well-known in the entertainment sector. With films like “News from a Private War” (1999), “Nelson Freire” (2003), “Entreatos” (2004), and “Santiago” (2007), he is currently regarded as one of the greatest directors of the new Brazilian generation.
In 1987, Joao Moreira Salles and his brother Walter Salles established VideoFilmes, a production firm that at the time specialized in creating television documentaries.
“China, The Centre of the Empire” (1987) and “America” (1989), two documentaries that can be seen on the Network series Headline, are among its initial productions. Apart from the film industry, Mr. Salles works in the banking sector. Walther Moreira Salles, Salles’ late father, founded the Brazilian bank Unibanco, which merged with Banco Itau in 2008.
Joao Moreira Salles is one of the major individual shareholders of Itau Unibanco SA, which is currently the second-largest bank in Brazil. Walter Moreira Salles established the non-profit organization Instituto Moreira Salles in 1990, and Joao Moreira Salles currently serves as its president. The foundation’s mission is to support and advance cultural initiatives in the fields of photography, writing, libraries, visual arts, and Brazilian music. Walter, Pedro, and Fernando Roberto, his two brothers, are all multibillionaires.
Joao Moreira Salles Net Worth $5.33 Billion
According to Bloomberg, the estimated net worth of Brazilian documentarian Joao Moreira Salles as of March 2017 was $5.33 billion. He was the 442nd richest person in the world that year, according to Forbes.
Director, screenplay, and producer are all titles held by Mr. Salles. One of the greatest filmmakers of the new Brazilian generation, he is most known for that. News from a Private War (1999), Nelson Freire (2003), Entreatos (2004), and Santiago (2007) are a few of his well-known works.
Joao Moreira Salles and his brother Walter launched VideoFilmes in 1987, specializing primarily in producing television documentaries. China, The Centre of the Empire (1987), and America (1989) are only a handful of his early works. The Network series Headline featured them.
Mr. Salles is involved in banking in addition to filmmaking. He comes from one of the most prestigious financial families in Brazil. Banco Itau and the family-owned Unibanco amalgamated in 2008. As a result, he became one of the biggest individual shareholders in Itau Unibanco SA, Brazil’s second-largest bank.
Walter Moreira Salles established the non-profit organization known as Instituto Moreira Salles in 1990, and Joao Moreira Salles serves as its president. It was designed to encourage the growth of cultural initiatives in the fields of Brazilian music, photography, literature, libraries, and the visual arts. Fernando Roberto, Walter, and Pedro are his rich brothers.
Family of Joao Moreira Salles
According to Bloomberg, Brazil’s richest family, the Salles, may have prevented one of the biggest scientific breakthroughs in recent history.
The so-called “God particle,” the Higgs boson, is thought to have been discovered, according to physicists. It’s a subatomic particle that could help explain how matter acquires its size and shape across the universe.
Niobium, an ingredient that gives steel its added flexibility and strength, is produced by the Salles family. A 10% of the steel in the world, including steel used in everything from vehicles to cameras, contains niobium.
The Large Hadron Collider in Switzerland, which costs $10 billion and is the greatest particle accelerator in the world, uses magnets made of the material that the Salles own 85% off. The machine’s high-energy proton collisions are what allowed researchers to get so close to the Higgs boson.
Family Office Powered by Mining Creates $6 Billion Money Machine
MATIERS OF MAY 21, 2021
Brazil as a whole is familiar with the name Moreira Salles. However, few people know about the family office that looks after its enormous wealth anywhere in the world. If you spend any time in Brazil, you’ll probably learn about the Moreira Salles family and donate money to them.
It possesses shares in a number of businesses, including the manufacturer of the popular Havaianas flip flops, and co-owns the country’s largest bank. It also controls 80% of the world’s supply of a crucial rare-earth metal used in everything from autos to pacemakers. The family name is prominently displayed in museums, is ingrained in society, and has a long history in finance. According to the Bloomberg Billionaires Index, the family is worth over $20 billion in total.
According to calculations made by Bloomberg based on documents, the Moreira Salles family earned dividends from Itau and CBMM, the niobium miner, totaling around 13 billion reais ($2.45 billion) from 2017 to 2019.
The family also benefits from its ownership of Eneva SA, a power firm created from the natural gas leftover from the defunct empire of late billionaire Eike Batista, and from its nearly 30% share in Alpargatas SA, the company that makes the Havaianas sandals worn by celebrities like Gwyneth Paltrow and Kim Kardashian. The family also owns a business that cultivates citrus fruits.
Revolutions Two Films by João Moreira Salles
Joo Moreira Salles (born 1966) is a documentary filmmaker whose dynamic and varied body of work defies simple classification, yet his early career touched on many of the genre’s most important techniques and traditions. In the 1980s, Salles started penning television scripts. He wrote the screenplay for the 1987 full-length film Krajcberg, o poeta dos vestiges, which was directed by his brother Walter Salles. He also directed the feature-length film China, o Imperio do Centro.
The latter effort serves as a prelude to a later series of complex and tender photographs of people at work. Walter and Joo Moreira Salles established Videofilmes in 1987 as well. This Rio de Janeiro-based production firm has been instrumental in restoring Brazilian cinema. Blues (1990), an unusual picture for a Brazilian director at the time, continued Salles’ investigation of travel and global themes.
After taking a break from directing films, he co-directed the 1998 television series Futebol with Arthur Fontes, one of his all-time favorite sports. The following year, He co-directed Noticias de uma Guerra Particular (News from a Private War), a documentary about the battles and casualties of the drug war in Rio de Janeiro between the police and traffickers with Kátia Lund.
In addition, Salles served as a producer on a number of legendary documentaries made by the legendary filmmaker Eduardo Coutinho. While filming a documentary with Brazilian students on their experiences and goals, Coutinho passed away in February 2014. The movie, titled ltimas Conversas (Last Conversations), was finished by Joo Moreira Salles and Jordana Berg, two of Coutinho’s longstanding collaborators. It was released in 2015.
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