Billionaire Profile
Jayme Garfinkel & family
Global Rank
#1648

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Jayme Garfinkel & family

CEO, Insurance
BRAZIL
Real-Time Net Worth
$2.496B
Estimated based on Insurance stock value as of March 6, 2026
-0.75% (24h)
Age
80
Source
Insurance
Industry
Finance & Investments
Citizenship
BRAZIL

Biography

Jayme Garfinkel, born November 30, 1945, is a Brazilian entrepreneur and the Chairman of the Board of Porto Seguro Seguros. His journey began when his family acquired Porto Seguro in 1972. Under his leadership, Porto Seguro has grown into Brazil's leading auto insurer. Garfinkel's career includes pivotal roles such as Chairman of the Board and CEO of multiple Porto Seguro subsidiaries. His net worth is estimated at $2.1 billion, reflecting his success in the insurance industry. He graduated with a degree in Civil Engineering and an MBA, and is known for his leadership principles which include speaking less and listening more. Garfinkel's philanthropy includes funding schools in shantytowns around Sao Paulo, supporting over 50,000 children.

Fact Checked
Verified by Editorial Team
Live Data
Updated 3/6/2026

Wealth Over Time

In-Depth Profile

Early Life

Jayme Brasil Garfinkel was born on November 30, 1945, into a Jewish family in Brazil. He received a degree in Civil Engineering from the Polytechnic School of the University of São Paulo in 1970 and completed graduate studies in Business Administration at Getúlio Vargas College in 1975.

Rise to Success

Garfinkel's career in the insurance industry began in 1972 when his family acquired Porto Seguro. He joined the company as an Assistant Executive Officer. He quickly rose through the ranks, becoming Executive Officer Vice President in 1978. After his father's death, Garfinkel took over the company, leading Porto Seguro to become Brazil's leading auto insurer. He served as CEO until 2012 and is currently the Chairman of the Board. Under his guidance, Porto Seguro expanded, with subsidiaries like Azul Seguros, Porto Seguro Saúde, and Porto Seguro Vida. The company went public in 2004.

Key Business Strategies

Jayme Garfinkel's leadership was instrumental in transforming Porto Seguro. He emphasizes managing people and fostering a culture of innovation within the company. Garfinkel has been involved in managing the company's public listing in 2004. His approach includes listening and valuing the opinions of others.

Philanthropy

Jayme Garfinkel is involved in philanthropic efforts, particularly in education. Through his insurance company, he has funded the creation and maintenance of schools in shantytowns around Sao Paulo, serving over 50,000 children.

Career Milestones

1972

Joined Porto Seguro

Began as an Assistant Executive Officer.

1978

Became Executive Officer Vice President

Assumed a leadership position within Porto Seguro.

2004

Porto Seguro went public

Led the company's public listing.

2011

Resigned from CEO

Stepped down from the CEO role but remained active as Chairman of the Board.

Philanthropy & Social Impact

Education

Schools in Shantytowns

Undisclosed

Funding the creation and maintenance of schools in shantytowns around São Paulo.

Business Philosophy & Leadership

Notable Quotes

""Speak less and listen more, talk to find the best possible solution and firmly defend your opinions, but accept advice with humility. I am not concerned with winning an argument – I want the best decision to prevail.”"

Leadership Principles

People Management

Focuses on managing people and fostering a collaborative environment.

Listening and Learning

Emphasizes listening to others and valuing different ideas.