Jose Joao Abdalla Filho

  • Jose Joao Abdalla Filho is the son of J. J. Abdalla, a Brazilian entrepreneur and politician who built a real estate and textile company.
  • In the 1950s, the group his father led became one the largest manufacturers of cement in the country, employing over 40,000 people.
  • Abdalla Filho used the money he inherited to open Banco Classico, which owns stakes in a number of Brazilian companies.
  • His Banco Classico owns 5% of Eletrobras, Brazil’s largest electric utility, and almost 7% of Cemig, an energy giant that owns over 200 companies.