Name
Nevaldo Rocha
Primary Residence
Natal, Brazil
Citizenship
Brazil
Source Of Wealth
retail, Self Made
Net Worth
$2,200,000,000
Forbes Profile
Forbes 2019 Billionaires List Rank:
1057
Forbes List Rank One: Title
#1057 Billionaires 2019
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Summary
Nevaldo Rocha is the architect behind Riachuelo, one of Brazil's largest retailers.In 1947, Rocha opened a clothing store with his brother Newton in the northeastern Brazilian city of Natal.His Grupo Guararapes bought the Riachuelo brand in 1979, which has since become the centerpiece of the business. Under Rocha's direction, Grupo Guararapes transformed from a clothing manufacturer to a fashion designer, producer and distributor. In August 2018, Rocha resigned as president of the board. His children still work at the company.
Did you know?
The third generation of the family is getting involved in the family business. Nevaldo's granddaughter Marcella orchestrated deals with Versace and Karl Lagerfeld.
Age
89
Categories
Number of Children
3
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