#2149
Luiz Frias
Brazil 63 years old
Overview
- Source of Wealth
- Media
- Industry
- Media & Entertainment
- Residence
- Sao Paulo
Assets
- PagSeguro71,000,000 shares @ --PAGS-US
Biography
Luiz 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.