I lson Mateus is a self-made Brazilian billionaire who is the founder and chairman of Grupo Mateus, one of Brazil's largest and fastest-growing food retail and wholesale companies. His is a classic rags-to-riches story. He started his career as a gold prospector before opening a small 50-square-meter grocery store in the 1980s in the northeastern state of Maranhão, one of Brazil's poorest regions.
He has since built that single store into a massive retail empire with a network of supermarkets, hypermarkets, and cash-and-carry wholesale stores, primarily concentrated in the fast-growing north and northeast regions of Brazil. He has built his company into a dominant regional player by focusing on serving an often-overlooked part of the country. He took his company public in a major IPO on the São Paulo stock exchange in 2020, a deal that turned him and his family into one of the wealthiest in Brazil.
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Ilson Mateus is a Brazilian businessman, the self-made billionaire Founder and leader of Grupo Mateus (B3: GMAT3), one of Brazil's largest food retail empires (operating hypermarkets, supermarkets, and wholesale clubs). Born in Maranhão, Brazil, in 1964, his early life was defined by extreme poverty: he lost his father at age four, only completed elementary school, and had to work from an early age, including as a shoeshine boy and in a cachaça factory.
His entrepreneurial journey began with an audacious move: at age 21, in the early 1980s, he moved to Serra Pelada in search of gold (a major Brazilian gold rush site). In 1986, he opened a five-square-meter grocery store selling cachaça in Balsas, Maranhão. His philosophy centers on persistence, discipline, and trust in his land.
Ilson Mateus's strategic genius was his commitment to vertical integration and regional dominance in Brazil's North-East. He successfully expanded his small grocery store into a chain of supermarkets, hypermarkets, and wholesale clubs (Mix Mateus). The Group's success is tied to its mastery of supply chain logistics and its focus on high-volume, low-cost food retail.
Under his leadership, Grupo Mateus became a publicly traded company (B3: GMAT3), with annual revenues reaching R$32 billion. His career provides an inspirational narrative of a former gold prospector who found his true treasure in hard work and retail management. His wealth is secured by the colossal, stable, and continuous demand for essential food retail in Brazil.
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Works in a cachaça factory and moves to Serra Pelada in search of gold (Early Venture).
Opens a five-square-meter grocery store (Founding).
Grupo Mateus expands into Mix Mateus (wholesale) and Hyper Mateus (hypermarket) (Strategic Diversification).
Grupo Mateus executes its successful IPO on the B3 (Financial Milestone).
Continues as Founder and Leader, managing the massive retail empire (Executive Oversight).
Ilson Mateus's wealth is concentrated in his founding equity and continued leadership of the publicly traded retail giant, Grupo Mateus (B3: GMAT3).
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Ilson Mateus's social impact is structural, stemming from Grupo Mateus's role as a massive regional employer (thousands of jobs) and foundational provider of essential food and consumer goods in Brazil's North-East, contributing significantly to regional economic stability.
His personal philanthropy supports various educational and community initiatives in Maranhão, reflecting his commitment to the region where he grew up in poverty. His career provides a compelling narrative of a self-made entrepreneur who used resilience to create one of the nation's largest food retail chains.
Ilson Mateus maintains the professional, pragmatic style of a self-made entrepreneur. His attire is consistently formal and high-quality, favoring tailored suits. His aesthetic reflects stability and discipline, mirroring his commitment to hard work and perseverance.
Residing in Maranhão, Brazil, his luxury is the immense security and financial reward derived from his multi-billion dollar fortune. His life is dedicated to retail scale, logistical efficiency, and the long-term, stable growth of the essential food retail sector in Brazil.
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“The former prospector who once searched for gold in Serra Pelada found his true treasure in hard work and trust in his land.”
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+0.19% | +$26.63M
-0.04% | -$3.12M
This profile is compiled from verified biographical and financial records:
All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.
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