Lucia Borges Maggi has a net worth of $1 billion. Lucia Borges Maggi is the co-founder of Andre Maggi Group. The conglomerate is also known as Amaggi. It is one of the largest producers of soybeans in Brazil. It also produces other commodities.
Amaggi was founded in 1977 by husband Andre Maggi and wife Lucia Maggi. Andre Maggi died in 2001. Lucia took over the company management. She also became the majority shareholder of Amaggi.
Lucia Maggi manages the company with the help of her son and 2 sons-in-laws. Maggi’s son named Blairo is nicknamed “King of Soy”. This nickname was made when he was the boss of Amaggi.
Amaggi produces approximately 1.2 million tons of cotton, soy and corn. The company has current operations in China, Argentina, Norway, Switzerland (2013) and Paraguay. Amaggi Group is the leading producer of soybeans in the world.
In 1980s Andre Maggi acquired large tracts of land in Grosso and Mato. He built a city known as Sapezal. Amaggi makes annual sales estimated to be $9 billion. Amaggi sold 18.6 million tons of grains and fibers globally. The company exports to Europe as well as the United States of America.
In 1992, Amaggi constructed their first small hydroelectric plant in Sapezal. It was named Santa Lucia I. They also installed transmission lines and a power distribution system.
In 2002, Amaggi opened the second small hydro electric power plant named Santa Lucia II.
In 2007, Amaggi started Bulk Terminal in Guaruja. That is when they reached the billion dollars for the first time. They also obtained ISO and Pro Terra certifications.
Amaggi owns farms, soy silos, offices, factories, warehouses, trucks, ships, hydro-electric plants and port terminals in all regions of Brazil.
In 2002, Blairo Maggi was elected governor of Grosso. While serving in the position Blairo Maggi prioritized infrastructure investments hence paving more than 600 miles of road which helped link soy producing areas to the international markets.
According to Mongobay, Maggi owned 494,000 acres of land under soy production by 2008. Blairo Maggi is a millionaire farmer and politician in Brazil.
Amaggi Group owns five hydo-electric power plants with a total output of 70 megawatts. This is used to support soy production.
Between 2006 and 2010, Blairo Maggi’s net worth rose from $10 million to $46 million. In 2015, Maggi had a net worth of $1.22 billion.
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