Pedro Moreira Salles Net Worth

Pedro Moreira Salles has an estimated net worth of $10.5 billion, according to Forbes Real-Time Billionaires, Pedro Moreira Salles profile (figures as of October 20, 2026). That is up from $3.1 billion in 2019.

Pedro Moreira Salles is a Brazilian businessman known for his long career in banking. He comes from one of Brazil's oldest banking families, and his late father, Walther Moreira Salles, founded Unibanco. Pedro joined Unibanco in 1989, became chairman in 1997, and took over as CEO in 2004. After the 2008 merger of Unibanco and Itaú, he later served as chairman of Itaú Unibanco Holding, one of the biggest banking groups in the region.

His wealth is tied to banking and minerals. The family kept a major position when Unibanco merged with Itaú in 2008, creating Itaú-Unibanco, the largest private sector bank in Latin America. He and his brothers also hold stakes in CBMM, described as the world's leading supplier of niobium. Outside those holdings, he co-founded the private equity firm Cambuhy in 2011 and serves as chairman of Alpargatas, the company behind Havaianas.

How Pedro Moreira Salles makes money

A big part of Pedro Moreira Salles' fortune comes from banking. He spent years inside Unibanco, moving from executive roles to chairman and then CEO. The key turning point came in 2008, when Unibanco combined with Itaú. That deal formed Itaú-Unibanco, which Forbes notes became the largest private sector bank in Latin America. His long leadership role and family ownership help explain why banking remains central to his wealth.

His money also comes from investments outside the bank. Moreira Salles and his brothers own stakes in CBMM, which Forbes describes as the world's leading supplier of niobium. He also helped start Cambuhy in 2011 with other financiers and serves as co-president of the private equity firm. On top of that, he is chairman of the board of Alpargatas, the company that makes the Brazilian flip-flop brand Havaianas.

How Forbes' estimate changed

Forbes has shown large swings in Pedro Moreira Salles' fortune across the past several years. It estimated $3.1 billion in 2019, then $2 billion in 2020, followed by $2.5 billion in 2021 and $1.9 billion in 2022. The estimate then jumped to $3.9 billion in 2023 and $7.1 billion in 2024, before moving to $6.1 billion in 2025. Those changes match a fortune tied to major holdings in banking and minerals.

In 2026, Forbes put his wealth at $9.1 billion on its World's Billionaires List, and the current figure is $10.5 billion on Forbes' real-time billionaires tracker as of October 20, 2026. Even without a public blow-by-blow for each move, the main drivers are clear from his assets: a stake connected to Itaú-Unibanco, interests in CBMM, and investment activity through Cambuhy, along with his role at Alpargatas.