Lirio Parisotto – Billionaire

Lirio Parisotto built his fortune on the Brazilian stock market. A former entrepreneur, he invested profits from Videolar, a video and audiotape company he founded in 1988. Parisotto’s portfolio runs the gamut from banking, electricity and mining to steel companies. He avoids IPOs and favors stocks that pay high dividends. In addition, Parisotto owns Brazilian bonds, real estate throughout Brazil, and still owns a majority stake at Videolar, which merged with Innova to become a petrochemical company operating four high-tech industrial facilities: three in the Manaus Industrial Pole (in the Amazon, north of Brazil) and one at the Southern Petrochemical Pole, in southern Brazil. Parisotto is vice president of the Foundation for a Sustainable Amazon.

Lirio Parisotto Net Worth: Lirio Parisotto is a Brazilian entrepreneur and investor who has a net worth of $2 billion. Being the first to introduce video services in Brazil, he easily became a leading manufacturer of CDs, CR-Rs, DVDs, DVD-Rs, NHS, floppy disks through his company called Videolar. It was in 1988 that he started to invest his initial profits in the stock market and that’s how he built his abundant fortune. Today, only his Geracao Futuro L Par fund, out of which he owns 92%, is worth $1 billion. As for his other assets, they include some real estate in Sao Paulo state and Brazilian bonds. A native Brazilian, Mr. Parisotto currently resides in the city of Manaus in the Amazon. Moreover, he is a firm contributor to the protection of the Amazon rain forest and he serves as vice president of the Foundation for a Sustainable Amazon.

Source:

1. forbes

2. celebritynetworth