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Ilson Mateus & family
Rank #2628
BRAZILFashion & RetailSupermarkets

Ilson Mateus & family

Net Worth
$1.5B
0% (24h)
Ilson Mateus Rodrigues, a self-made billionaire, is the founder and chairman of Grupo Mateus, the fourth-largest food retailer in Brazil. Born in 1963, Mateus started working at a young age and, after trying his hand at various ventures, including gold mining, he opened a small grocery store in 1986. Through strategic expansion and a focus on customer service, Mateus transformed this small store into a retail empire. His current net worth is estimated at $1.8 billion, stemming from his stake in Grupo Mateus, which went public in 2020. He is known for his hands-on approach and commitment to the local communities where he operates.

The Full Dossier

Early Life

Ilson Mateus Rodrigues was born in 1963 in the state of Maranhão, Brazil, where he started working at age 12. His early career included working as a miner and mechanic, and later, producing cachaça, a traditional sugarcane-based alcoholic beverage. This early exposure to various trades and business ventures would lay the groundwork for his future success. In 1984, while working in the open-cast mines of Serra Pelada, Mateus heard about Balsas, a town experiencing rapid growth in soybean cultivation. Recognizing the potential for food demand, he decided to establish a grocery store there.

Rise to Success

In 1986, Ilson Mateus opened a small 50 m² grocery store in Balsas, which marked the beginning of Grupo Mateus. He quickly expanded the business, adding delivery services to surrounding towns, and transforming the grocery store into a medium-sized supermarket known as Mateus Supermercados. Mateus strategically expanded, opening new stores in the state of Maranhão and diversifying the business. In 2007, the company opened the “Bumba Meu Pão” bakery and implemented cash-and-carry sales in Mix Mateus stores. The company’s success culminated in an IPO in October 2020, making it the largest IPO in Brazil that year and propelling Mateus into the ranks of billionaires.

Key Business Strategies

Ilson Mateus's success stems from several key strategies. He focused on delivering quality products with competitive pricing and excellent customer service. His strategic expansion throughout the Northeastern region of Brazil, where competitors were less established, also contributed to the company's growth. Furthermore, the IPO in 2020 allowed for an aggressive expansion plan and diversification, including e-commerce and financial services.

Philanthropy

Beyond his business endeavors, Ilson Mateus is known for his philanthropic efforts and community contributions, supporting social initiatives focused on education, healthcare, and economic development in the communities where Grupo Mateus operates.

Career Timeline

2022

Stepped down as CEO

Handed over the CEO position to Jesuíno Martins.

2020

Grupo Mateus IPO

Took Grupo Mateus public, the largest IPO in Brazil that year.

1986

Founded Grupo Mateus

Opened a small grocery store in Balsas, Maranhão, Brazil.

Philanthropic Impact

Community DevelopmentUndisclosed

Community Support

Supports initiatives focused on education, healthcare, and economic development.

Wealth Trajectory