The Richest Family in Brazil: The Saga That United Unibanco and Itaú, Sold CBMM to Foreigners, and Continued to Control Niobium

The Richest Family in Brazil Transformed Modest Origins into an Empire that Unites Finance and Mining, Controlling Itaú and CBMM, Global Leader in the Niobium Market.

The richest family in Brazil is not only linked to the banking sector but also to one of the most strategic minerals today. The Moreira Salles control both Itaú Unibanco, the country’s largest private bank, and the Companhia Brasileira de Metalurgia e Mineração (CBMM), responsible for 85% of global niobium production. According to AUVP Capital, the family’s wealth already exceeds US$ 27 billion, resulting from a discreet strategy that spans generations.