Name
Luis Frias
Primary Residence
Sao Paulo, Brazil
Citizenship
Brazil
Source Of Wealth
mobile payments
Net Worth
$4,700,000,000
Forbes Profile
Forbes 2019 Billionaires List Rank:
1057
Forbes List Rank One: Title
#1057 Billionaires 2019
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Summary
Luis Frias is chairman of PagSeguro Digital, a payments company that went public on the New York Stock Exchange in 2018, raising over $2 billion.Frias' late father acquired one of Brazil's most popular daily newspapers in the 1960s, today known as Folha de S. Paulo. Group Folha became one of Brazil's largest media conglomerates; Frias joined in 1981, was appointed CEO in 1989 and chairman in 1991.In 1996, Frias founded UOL, a pioneering Brazilian Internet company, and one of the most visited websites in the country. PagSeguro Digital is a subsidiary of UOL.
Age
56
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