Miguel Krigsner

Bolivian-born Miguel Krigsner founded Grupo Boticario, Brazil's second-largest cosmetics company behind number one, Natura. Grupo Boticario operates in cities around Brazil and seven other countries. Krigsner owns nearly 80% of the $1.15 billion (revenues) firm. His brother-in-law Artur Grynbaum joined as a financial assistant and worked his way up to CEO of the group. He owns about 20% of the group. In 1990 Krigsner create Foundation Boticario de Protecao a Natureza, which receives about 1% of Grupo Boticario's net income annually.