The company has since become one of the largest apparel makers in Brazil.
Nevaldo Rocha is a Brazilian businessman with a net worth of $2.4 billion. He is a self-made billionaire who began his career in 1947 when he opened his own clothing store. In 1956, he partnered with his brother to co-found Guararapes Confeccoes, which has since become one of the largest apparel makers in Brazil.
Nevaldo Rocha is a member of Richest Billionaires
Age, Biography and Wiki
💰 Net worth: $2.4 Billion (2024)
Nevaldo Rocha, widely recognized as one of the richest billionaires, is estimated to have a net worth of $2.4 billion in 2024. Born in 1928, Rocha has established himself as a highly successful entrepreneur and has made significant contributions to the business world. He is widely admired for his exceptional wealth and entrepreneurial skills. Throughout his prolific career, Rocha has undoubtedly exhibited unmatched dedication and determination, leading to his remarkable financial success. His impressive net worth is a testament to his remarkable achievements and the impact he has made in various industries.
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Nevaldo Rocha Net Worth: Nevaldo Rocha is a Brazilian businessman who has a net worth of $2.4 billion. He is a self-made billionaire who accumulated his wealth in the retail business.
Back in 1947, he opened his clothing store, and almost a decade later, in 1956, he teamed up with his brother to co-found apparel maker Guararapes Confeccoes. They expanded their business into retail, after the company acquired the Riachuelo department stores in 1979. Guararapes Confeccoes now provides goods to its retail subsidiary, Lojas Riachuelo, which has as many as 169 stores in the country and recieves more than 80% of its production. The rest of the production goes to more than 10,000 merchants across Brazil via sales representatives. Having it publicly listed in 1970, Rocha owns 83% of the company together with his three children. He serves as the chairman and chief executive officer, whereas his son Flavio is vice president of the company and his two other children, daughter Lisiane and son Elsio, are members of the board.