Moreira Salles and Souza Aranha families

Through their 2008 banking merger, The Salles and Aranha families established Itaú Unibanco, the largest private bank in Brazil.

Walter Moreira Salles helped build his family’s Unibanco to one of the top financial institutions in Brazil, through a series of high-profile banking mergers. His father, João Moreira Salles, originally founded the family’s Casa Bancária Moreira Salles in 1926, which would later become Unibanco in the 1960s. Today, Walter Moreira Salles’ son, Pedro Moreira Salles, is Chairman of Itaú Unibanco and estimated to be worth $2.8 billion. His three brothers Walter, João, and Fernando own stakes in CBMM, the world’s leading supplier of the mineral niobium.