Miguel Krigsner

Bolivian-born Miguel Krigsner founded Grupo Boticario, Brazil's second-largest cosmetics company behind number one, Natura.

Grupo Boticario operates in more than 50 countries; Krigsner individually owns approximately 80% of the business.

His brother-in-law Artur Grynbaum joined as a financial assistant and worked his way up to president of the group by 2008. He owns about 20% of the group.

In 1990 Krigsner created the Boticario Group Foundation dedicated to environmental protection, which receives about 1% of Grupo Boticario's net income annually.

Today, Krigsner and Grynbaum serve as president and vice president, respectively, of the Grupo Boticario advisory board.