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#347 Walter Faria $5.28B

Random fact: Ex-president Lula spoke at opening of Petropolis factory in 2013.


Faria is the chief executive officer of Grupo Petropolis, the second largest brewery in Brazil. The Petropolis, Brazil-based closely held company is calculated to have had revenue of about 9.9 billion reais ($2.8 billion) in 2016. Its brands include Itaipava, Petra and Crystal beer; TNT energy drink and Blue Spirit vodka.

As of April 21, 2018:
Last change -$229M (-4.2%)
YTD change -$795M (-13.1%)
Industry Food & Beverage
Biggest asset Cervejaria Petropolis
Citizenship Brazil
Age 62
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Walter Faria's net worth of $5.28B can buy ...

troy ounces of gold
barrels of crude oil

... and is equivalent to ...

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

Latest News

Net Worth Summary

Private asset
Public asset
Misc. liabilities
Confidence rating:

The majority of Faria's fortune is derived from Grupo Petropolis, a closely held beer manufacturer and the second largest brewery in Brazil, according to its website. Grupo Petropolis is calculated to have had revenue of about 9.9 billion reais ($2.8 billion) in 2016, based on the 12.9 percent market share reported by the company in an April 2017 email, and the 77 billion reais in sales for the industry as reported by Cerv Brasil in the industry association's 2016 annual report. 

The analysis attributes sole ownership to Faria based on a 2013 court document from Brazil's labor tribunal.

It's valued using the average price-to-sales and enterprise-value-to-Ebitda multiples of two publicly traded peer companies: Chile's CCU and Poland's Grupa Zywiec. A 10 percent liquidity discount is applied to account for low economic growth in Brazil.

The value of his cash investments is based on an analysis of dividends, reinvestments and market performance. 

Fernanda Medeiros, a Petropolis spokesperson, didn't respond to requests for comment on Faria's net worth calculation.


Birthdate: 4/18/1955
Family: Married, 1 child

Walter Faria was born in Pedranopolis, a Brazilian town in Sao Paulo state's rural interior, in 1955. He started doing odd jobs while still a teenager, and dropped out of college after his third year. He traded hogs, coffee, cotton and grains until the 1990s, when he started distributing beer for Schincariol, at the time Brazil's second-largest brewery. In 1998 he invested in Petropolis, a small brewery based in a town of the same name near Rio de Janeiro, taking it over definitively in 2001.

Faria used the distribution networks he had established with Schincariol to sell his own products. His main innovation was to introduce cans with a foil cover, a hit among hygiene-conscious Brazilians. He has also expanded into vodka and energy drinks. After acquiring and building beer and soft-drinks factories around Brazil, Petropolis now controls, in addition to its initial brewery, two plants in Sao Paulo state, one in Mato Grosso in the west and one in northeastern Bahia, with another under construction in nearby Pernambuco.

In 2013, Petropolis overtook Schincariol is Brazil's second-largest beer manufacturer. Also that year, Faria bought the naming rights to Salvador's World Cup stadium, now known as Itaipava Fonte Nova. Itaipava is one of Petropolis's main beer brands.

Faria lives with his wife and daughter in Boituva, Sao Paulo state, where Petropolis has its headquarters.

  • 1955 Faria is born in the town of Pedranopolis, rural Sao Paulo state.
  • 1970 Already a hog trader, Faria enters the coffee market.
  • 1998 Invests in Petropolis, a brewery of the same name in Rio state.
  • 2001 Faria takes over Petropolis definitively.
  • 2009 Petropolis beer sales cross the $1 billion mark.
  • 2011 Grupo Petropolis soy trading revenues surpass $1 billion.
  • 2012 Faria purchases half of energy company Grupo Electra.
  • 2013 Petropolis starts exporting the TNT energy drink to Germany.