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Billionaire Profile
Miguel Krigsner
Global Rank
#593

Image: Marcos Corrêa | CC BY 2.0 | via Wikimedia Commons

Miguel Krigsner

CEO, Cosmetics
BRAZIL
Real-Time Net Worth
$6.67B
Estimated based on Cosmetics stock value as of March 6, 2026
0% (24h)
Age
76
Source
Cosmetics
Industry
Fashion & Retail
Citizenship
BRAZIL

Biography

Miguel Krigsner is a Bolivian-Brazilian entrepreneur and philanthropist, most notably known for founding Grupo Boticário, Brazil's second-largest cosmetics company. Born in La Paz, Bolivia, in 1950, Krigsner moved to Brazil at age 11 with his family. He earned a degree in Pharmacy and Biochemistry and launched O Boticário in 1977, growing it into a major player in the global beauty market with over 4,000 stores in more than 40 countries. Krigsner is also recognized for his commitment to environmental conservation, establishing the Boticário Group Foundation in 1990. As of January 2026, his net worth is estimated at $6.4 billion, reflecting his success in the cosmetics industry and his philanthropic endeavors.

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

Wealth Over Time

In-Depth Profile

Early Life

Miguel Gellert Krigsner was born on January 9, 1950, in La Paz, Bolivia, to Jewish parents who had fled Nazi persecution. His family moved to Brazil in 1961, settling in Curitiba. Krigsner's parents' experiences during World War II instilled in him a strong sense of resilience and the importance of education.

Rise to Success

Krigsner's entrepreneurial journey began after graduating from the Federal University of Paraná with a degree in Pharmacy and Biochemistry in 1975. In 1977, he founded O Boticário, starting with a small compounding pharmacy. His innovative approach to cosmetics, focusing on natural ingredients, quickly gained popularity. The brand expanded rapidly, establishing itself as a leader in the Brazilian cosmetics market.

Key Business Strategies

Krigsner's success is attributed to several key strategies. He focused on creating high-quality, Brazilian-inspired beauty products, which resonated with consumers. His focus on the company's culture and its people was essential to their success. Word of mouth and excellent service helped expand the brand and has made O Boticário a major employer.

Philanthropy

In 1990, Krigsner founded the Boticário Group Foundation for Nature Protection. This non-profit organization supports conservation efforts and environmental research. The foundation has funded numerous projects, including the acquisition of the Salto Morato Natural Reserve, demonstrating Krigsner's commitment to sustainability and social impact.

Career Milestones

1975

Graduated

Graduated with a degree in Pharmacy and Biochemistry from the Federal University of Paraná.

1977

Founded O Boticário

Founded O Boticário, which has become one of the largest cosmetics companies in Brazil.

1990

Founded the Boticário Group Foundation

Established the Boticário Group Foundation for Nature Protection, a Brazilian environmental NGO.

2008

Became Chairman of the Board

Transitioned from CEO to Chairman of the Board of O Boticário.

Philanthropy & Social Impact

Environmental Conservation

Fundação Grupo Boticário de Proteção à Natureza

$XB

Supports conservation efforts and environmental research in Brazil.

Cultural Preservation

Holocaust Museum

Undisclosed

Helped create the Holocaust Museum in Curitiba.

Business Philosophy & Leadership

Notable Quotes

"Everything will make sense when you look back. From the moment I was born, I was never able to separate my personal life from my professional life."

"Life is so short that you have to fill it with things that give you pleasure."

Leadership Principles

Value-driven Leadership

Emphasizes the importance of aligning business practices with personal values and contributing to social and environmental causes.

Emphasis on People

Prioritizes the well-being and development of employees, recognizing them as key to success.

Long-term Vision

Focuses on sustainable growth and building a lasting legacy through both business and philanthropy.

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