What is Jose Roberto Marinho's Net Worth?
Jose Roberto Marinho is a Brazilian businessman who has a net worth of $2 billion. Jose Roberto Marinho shares the billionaire status with his two brothers, Joao Roberto Marinho and Roberto Irineu Marinho, with whom he controls the privately held Globo Organizations. Today Latin America's largest media empire, Globo was set up back in 1925 by their father Roberto Marinho, a journalist and former member of the billionaires club. Upon his death in 2003, the media giant was passed down to his three sons. Over the years, Globo has turned into Brazil's biggest newspaper company which publishes O Globo, as well as the country's largest content production and programming TV service through its subsidiary Globosat.
While all of the three siblings are credited for Globo's rise, Jose Roberto Marinho also earns the credits for leading the family's philanthropy, the Roberto Marinho Foundation. It supports various educational and cultural causes and enjoys free publicity from Globo's subsidiaries. Aside from dominating the media market, Globo has come into controversies and accusations of corruption, especially for the cost of the 2014 FIFA World Cup. Regarding the latter, the company is said to have sold all of its broadcast sponsorship packages for the tournament in a deal estimated at more than $1 billion.
