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Brazilian family businesses

July 21, 2014

Norberto Odebrecht, the man who turned his father’s small engineering firm into a construction empire, has died at the age of 93 in his hometown of Salvador, Brazil.

Norberto Odebrecht, the man who turned his father’s small engineering firm into a construction empire, has died at the age of 93 in his hometown of Salvador, Brazil.

The grandson of German immigrants, his eponymous family business Grupo Odebrecht is today Latin America’s largest engineering group, with revenues of R$96.9 billion (€32.2 billion) and operations in 23 countries across Europe, Africa, the Middle East, as well as the Americas.

June 16, 2014

Brazilian banker Moise Safra, who founded Safra Group with his brothers in the 1950s, has died in Sao Paulo aged 79.

Brazilian banker Moise Safra, who founded Safra Group with his brothers in the 1950s, has died in Sao Paulo aged 79.

The billionaire, who is estimated to be worth approximately $2.2 billion (€1.6 billion), along with his family was ranked the second wealthiest in the Latin American country, according to Forbes, with a combined net worth of $20.1 billion.

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