Mario Brescia Cafferata Net Worth : $1.8 Billion
Mario Brescia Cafferata is a Peruvian billionaire and one of the wealthiest men in the world who has an estimated net worth of $1.8 billion. Mario made his way into the coveted list of billionaires by being one of the 2 leaders of a group of companies which is known as Grupo Brescia. The company also has a stake in one of the largest banks in Peru, BBVA Continental.
Mario along with his brother took control of the company which was founded by their father, Fortunato Brescia Tassano. When their father died in 1951, they immediately took full control of the company. What started as a real estate company under Fortunato diversified into a number of other businesses such as mining, agriculture, fish products & cement. In 1969 the agricultural division of the company was taken over by the Peruvian government while in 1973, the fishery business was expropriated.
The firm bounced back and regained a foothold in the fish products business with the help of TASA. At present it is one of the largest producers of fish oil in the world. Mario’s son owns around 40% of Grupo Breca. It is also the owner of the mining firm Minsur which has many tin mines in Brazil & Peru. However, it must be noted that Grupo Breca still has some investments in real estate. In fact, it owns the largest hotel chain in Peru.