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Billionaire Brazilian brothers emerge as Bolsonaro’s foes in presidential runoff

Latest articles - The Japan Times·4 days ago
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Brazilian presidential candidate Flavio Bolsonaro during the presidential debate at the TV Band studios in Sao Paulo, Brazil, on Oct. 18. | BLOOMBERG

Two brothers from Brazil’s richest family have emerged as opponents of right-leaning presidential candidate Flavio Bolsonaro ahead of Sunday’s closely fought runoff election.

Joao and Walter Moreira Salles — scions of the Itau Unibanco Holding fortune with a combined net worth of $17.6 billion, according to the Bloomberg Billionaires Index — are major donors to progressive and left-leaning congressional candidates and have created journalism and films that are critical of the conservative positions held by Bolsonaro, the son of former President Jair Bolsonaro.…

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