Name
Joesley Batista
Joesley Batista
Sao Paulo, Brazil
Brazil
beef processing
$2,400,000,000
1717
#1717 Billionaires 2019
Joesley Batista is one of two billionaire brothers who control publicly traded JBS S.A., one of the world's largest meat processing companies.Their father, Jose Batista Sobrinho, founded a small butcher shop in Anapolis, in central Brazil. It grew by acquiring slaughterhouses in the region. Joesley and his brother Wesley took control in the 2000s, leading JBS's 2007 acquisition of U.S. pork and beef processor Swift & Co. for $225 million. In 2017 Joesley was arrested as part of a large Brazilian bribery probe and reportedly held for six months.In May 2017, the brothers agreed to pay a $3.2 billion fine to Brazilian authorities because of its role in a large corruption scandal.
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