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# Francisco Dias Branco

Random fact: His first term as a member of the Board of Directors began in 2006.

Overview

Ivens is chairman and CEO of M. Dias Branco, Brazil's largest cookie and pasta producer that had revenue of $1.5 billion in 2015. His closely held assets include soybean shipping port Cotegipe Logistica and cement maker Apodi. He owns more than 300 million square feet of property, most in Brazil's northeastern state of Ceara.

As of Nov. 23, 2017:
Last change ()
YTD change ()
Industry Food
Biggest asset N/A
Citizenship Brazil
Age 82
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Francisco Dias Branco's net worth of can buy ...

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troy ounces of gold
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barrels of crude oil

... and is equivalent to ...

0%
of the GDP of the United States
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of the total wealth of the 500 richest people in the world
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of the top 100 U.S. college endowments
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of the top 200 U.S. executives’ total awarded compensation
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of U.S. existing home sales
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times the median U.S. household income

Latest News

Net Worth Summary

Cash
Private asset
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Misc. liabilities
Confidence rating:

Biography

Birthdate: 8/3/1934
Family: Married, 5 children

The Dias Branco fortune traces back to 1927, when the Portuguese immigrant Manuel Dias Branco arrived in northeastern Brazil and started working at a cotton exporter. He soon opened a general store, and then sold textiles before deciding to open a bakery. It grew into a full-fledged factory by 1953, the year his 19-year-old son, Francisco Ivens de Sa Dias Branco, joined the family business.

Francisco persuaded his father to diversify into cookies. Over the decades that followed, the company expanded, branching out into pasta and opening new factories. In the 1990s, with Ivens at its helm, M. Dias Branco began manufacturing flour and wheat bran for use in its own products. It did the same thing with margarine and vegetable oil, and sold the excess production. The company now has 12 factories around Brazil and is the country's largest producer of pasta and cookies.

Ivens invested the dividends from his food operations in beachfront land and properties across the state of Ceara. He also put cash into a cement company and a port for shipping soybeans. M. Dias Branco sold shares in a 2006 initial public offering.

Ivens, who is married with five children, lives in Fortaleza, the capital of Ceara state.

Milestones
  • 1927 Father, Manuel Dias Branco, immigrates to Brazil from Portugal.
  • 1934 Francisco Ivens de Sa Dias Branco is born.
  • 1953 Francisco joins his father's bakery business.
  • 1961 M. Dias Branco is formally founded as a closely held company.
  • 1980 The company moves its operations to a new factory in Fortaleza.
  • 2003 Opens the Aratu factory and acquires smaller competitor Adria.
  • 2006 Collects $180 million selling shares in an initial public offering.
  • 2010 Raises another $190 million in a follow-on share sale.
  • 2010 The Cotegipe port, for shipping soybeans, is inaugurated.
  • 2011 Cement startup, Apodi, starts its operations.