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# Regina de Camargo

Random fact: Each of Dirce Camargo's three daughters own a third of the group.

Overview

Camargo shares control of Sao Paulo-based Camargo Correa, a closely held industrial conglomerate with $9.9 billion in annual revenue. The group's flagship construction business is the third-largest in Brazil. It also owns stakes in publicly traded Cimpor (cement), CCR (toll roads), CPFL (electricity) and Alpargatas (Havaianas flip-flops). Camargo Correa owns half of the Estaleiro Atlantico Sul shipyard.

As of Nov. 23, 2017:
Last change ()
YTD change ()
Industry Industrial
Biggest asset N/A
Citizenship Brazil
Age 59
Wealth Inherited
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Regina de Camargo's net worth of can buy ...

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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

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Biography

Birthdate: 1954
Family: Married, No children

Regina Camargo and her two sisters, Rosana and Renata, are the three daughters of Sebastiao Camargo, the late founder of one of Brazil's oldest industrial empires and a key player in the development of the country's infrastructure over the course of the 20th century. Born in 1909 in Sao Paulo state's rural interior, Camargo started out transporting sand by donkey when he was still a teenager. He opened a construction business in the late 1930s with two partners, later buying out their stakes. He won government contracts for roads and railways over the decade that followed. In the 1950s, his company participated in the construction of Brazil's new capital, Brasilia.

Awarded an honorary diploma from the government's High College of War in 1967, Camargo first branched out into cement during the two-decade military dictatorship that took power in a 1964 coup. At the same time, he took on ever-larger infrastructure projects: Sao Paulo subway lines, the Trans-Amazonian Highway, the Rio de Janeiro-Niteroi bridge. Other infrastructure projects expanded the company's reach throughout Latin America and into Africa.

Camargo Correa continued to prosper after Brazil's return to democracy in 1985. During the privatization wave of the 1990s, the conglomerate acquired electricity company CPFL, and won toll-road concessions that were later bundled together into publicly traded CCR. Sebastiao Camargo led the company until his death in 1994, when control passed to his wife, Dirce. She left management mostly to professional administrators and the husbands of her three daughters. Two of the husbands -- Carlos Pires Oliveira and Luiz Roberto Ortiz Nascimento -- remain on the company's board. The third, Fernando Arruda Botelho, died in an airplane crash in April 2012.

Today, Camargo Correa continues to play a role in the development of Brazil's infrastructure, helping to build the Belo Monte and Jirau hydroelectric dams in the Amazon. The empire has also expanded abroad, acquiring cement companies Loma Negra (Argentina) and Cimpor (Portugal). The Camargo family owns golf courses in Sao Paulo state and a ranch in sparsely populated Mato Grosso, near the border with Bolivia.

Dirce Navarro de Camargo died on April 20, 2013, at 100 years old.

Milestones
  • 1909 Sebastiao Camargo is born in the city of Jau, Sao Paulo state.
  • 1926 Camargo starts out transporting sand by donkey.
  • 1939 Founds firm with partners Sylvio Correa and Mauro Marcondes.
  • 1940 Wins first major contract, a highway in Sao Paulo state.
  • 1955 Builds first dam project, also in Sao Paulo state.
  • 1957 Company obtains contract to build roads in Brasilia.
  • 1967 Sebastiao is awarded honorary diploma from High College of War.
  • 1968 Camargo Correa branches out into the cement business.
  • 1973 Completes construction of Trans-Amazonian Highway.
  • 1975 Wins contract to help build Itaipu dam on the Paraguay border.
  • 1989 Sebastiao's Arabian horses star in Brazilian TV advertisements.
  • 1990 Company's first shopping mall, Jardim Sul, is inaugurated.
  • 1994 Sebastiao Camargo dies, leaving control to his wife, Dirce.
  • 1997 Camargo Correa acquires CPFL electricity distributor.
  • 2002 Buys control of Alpargatas, the maker of Havaianas flip-flops.
  • 2005 Purchases Argentina's Loma Negra cement company.
  • 2012 Completes acquisition of Portuguese cement company Cimpor.
  • 2013 Dirce Navarro de Camargo dies at 100 years old.