FB Roundup: Joao Moreira Salles, Joe Lewis, Michael Dell

In this week’s FB Roundup, the Moreira Salles’ single family office sees a boost in AUM to nearly $11 billion; Joe Lewis is likely to be spared prison time after pleading guilty to fraud; and Michael Dell unloads shares in Dell Technologies.

The family office of the Moreira Salles family, one of Brazil’s wealthiest lines, boosted its assets under management to nearly $11 billion while adding staff.

“BW Gestao de Investimentos Ltda, one of Brazil’s largest single-family offices, added 5.4 billion reais ($1.1 billion) in assets last year as it raked in dividends from its banking and mining businesses,” according to a report by Bloomberg. “The Sao Paulo-based firm also grew its headcount to 78 employees from 69 the year prior.”