Aloysio de Andrade Faria Biography & Net Worth 

Aloysio de Andrade Faria was a low-profile billionaire who was born in Brazil where he lived until he died in September 2020. A pediatrician by qualification, he turned into an investment banker after he succeeded his father Clemente de Faria as the general manager of Banco da Lavoura. Under his leadership, the bank became one of the most popular, successful, and profitable banks in Brazil. In the late 20th century, he sold some of the bank’s international and local assets to the Netherlands-based bank ABN AMRO and netted a huge chunk of profit for himself. But even after his successful transaction with ABN AMRO, the late Aloysio de Andrade Faeyria continued to be actively involved in diverse activities in the financial market. He re-invested and incorporated an investment and personal bank, the Alfa Bank, which is based in New York, the United States, and is currently considered to be one of the most successful banks in the world. It is also on the list of the top 10 most successful and most profitable banks in the United States. At the time of his death at age 99, Aloysio de Andrade Faria was noted as being one of the world’s oldest billionaires. More details follow below.

Early Life

The late banker Aloysio de Andrade Faria was born in Belo Horizonte, Minas Gerais, Brazil, in November 1920. His father, Clemente de Faria, was a successful banker in Brazil.

Professional Life

Aloysio was a pediatrician by training. He shared his medical interest with the financial business that his father sponsored. After the passing of his father in 1949, Aloysio, aged 29 at the time, succeeded him at the direction of the Banco da Lavoura. He led the investment bank with sheer enthusiasm and a zeal to succeed, and eventually triumphed in his determination to transform it into one of the most successful banks in Brazil, Banco Real, which at the end of the 20th century, sold all its local and international concerns to the Netherlands-based bank ABN AMRO. Banco Real, however, retained other companies from the Real Group, such as the Real Leasing Company and Seguros Real (insurance).

Mr. Aloysio, after the sales of his bank’s assets, did not retire from the financial market. Instead, he re-invested by incorporating another business, a new personal and investment bank in New York. His latest business is known as the Alfa Bank. It is currently one of the ten biggest and most successful banks in the country.

Aloysio de Andrade Faria was also an owner of one of the largest Guarana plantations on the planet, the Transamerica Corporation, including media groups and a hotel.

Personal Life

Despite his status as one of the world’s billionaires, Mr. Aloysio de Andrade Faria preferred to maintain a low profile and simple life. For most of his time as an active person in business who had to run around for his daily activities, the late businessman drove around in a simple 1960s Mercedes Benz. He had 5 daughters who are all married to business executives.

After his retirement, Mr. Aloysio Faria started taking care of 150 pure-bred horses. He died on September 15, 2020, at the age of 99.

Aloysio de Andrade Faria Net Worth

Aloysio de Andrade Faria had a net worth of $3.4 billion dollars at the time of his demise in September 2020. After his father suddenly passed away in 1949, Aloysio, a pediatrician by training, had no other choice but to take his place as the controller of Banco Real, which he eventually turned into one of the most successful banks in Brazil.

Under his leadership, the bank became one of the most popular, successful, and profitable banks in Brazil. In the late 20th century, he sold some of the bank’s international and local assets to the Netherlands-based bank ABN AMRO and netted a huge chunk of profit for himself. But even after his successful transaction with ABN AMRO, the late Aloysio de Andrade Faeyria continued to be actively involved in diverse activities in the financial market. He re-invested and incorporated an investment and personal bank, the Alfa Bank, which is based in New York, the United States, and is currently considered to be one of the most successful banks in the world. It is also on the list of the top 10 most successful and most profitable banks in the United States.

Mr. Faria also owned Agropalma, the biggest palm oil producer in South America. He was also the owner of the Transamerica Corporation, considered to be one of the largest Guarana plantations in the world.