Michael Klein Net Worth 2023

Age, Biography and Wiki

Birth Day
October 10, 1959
Birth Place
Romania
Age
63 YEARS OLD
Birth Sign
Libra
Net Worth:
$2 Billion

Gender:
Male

Height:
5 ft 9 in (1.77 m)

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Net worth: $2 Billion (2023)

Some Michael Klein images

The company was created through a 2010 merger of retail giants Casas Bahia and Ponto Frio, the first being his father’s creation, while the second was owned by Companhia Brasileira de Distribuicao. Born in Nazi Germany, Michael was a toddler when his family moved to Brazil where he would be raised and his father would start a family business. It was in 1969 that he joined Casas Bahia as a financial manager. Some four decades later, he succeeded his father as the company’s CEO. In a late 2013 public offering, Via Varejo raised $1.2 billion. Actually, it was named the second-largest IPO in Brazil last year as the company was valued at $12.9 billion and offered the Klein family a way to cash out amidst a dispute with their partners. Thus, Michael became the biggest sole shareholder with a 10% stake. Married with four children, Klein’s older daughter, Natalie Klein, serves as the owner of NK Store, one of the most exclusive department stores in Brazil.