M iguel Krigsner is a Bolivian-born Brazilian entrepreneur and the founder of O Boticário, one of the world's largest cosmetics and fragrance companies. A biochemist by training, Krigsner opened a small compounding pharmacy in Curitiba, Brazil, in 1977. He began to create his own unique, nature-inspired skincare creams and perfumes with high-quality ingredients. The products quickly gained a loyal following, prompting him to focus on cosmetics.
To expand his business, Krigsner pioneered a franchising model that was revolutionary in Brazil at the time. This strategy allowed O Boticário to grow into a massive retail empire with thousands of stores across Brazil and in several other countries, making it one of the largest beauty retailers in the world by store count. The company, now known as Grupo Boticário, remains privately held and has a vast portfolio of beauty brands. Krigsner is also a dedicated environmentalist; in 1990 he founded the Boticário Group Foundation, one of Brazil's most important private foundations dedicated to nature conservation.
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Miguel Krigsner is a Brazilian businessman, the self-made billionaire Founder and Former Chairman of Grupo Boticário, one of Brazil's largest cosmetics, beauty, and retail companies (brands include O Boticário). His career is rooted in pharmacy and entrepreneurial ingenuity.
Krigsner holds a degree in Pharmacy from the Federal University of Paraná. His entrepreneurial journey began with a gamble: he founded O Boticário in 1977 with a small pharmaceutical compounding lab in Curitiba, Paraná, recognizing the immense, untapped domestic demand for high-quality, localized cosmetics and perfumes.
Miguel Krigsner's strategic genius was his commitment to the franchising model. He converted his initial compounding lab into a full retail store and began aggressively franchising across Brazil in the 1980s. His structural contribution is immense: pioneering the scale franchising and professionalization of the Brazilian beauty retail sector.
Under his leadership, Grupo Boticário expanded aggressively, maintaining its reputation for high-quality, localized products (crucial in the highly competitive Brazilian market). He stepped down as Chairman (remaining a major shareholder) but maintains control of the family trusts. His wealth is secured by the colossal, long-term, stable profitability of the global cosmetics and retail sector.
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Founds O Boticário as a small pharmaceutical compounding lab (Founding).
O Boticário pioneers the franchising model across Brazil (Retail Pioneer).
Founds the Boticário Group Foundation for Nature Protection (Philanthropic Founding).
Grupo Boticário achieves dominance as Brazil's largest cosmetics retailer (Retail Apex).
Continues as Founder and major shareholder, guiding the massive retail empire (Executive Oversight).
Miguel Krigsner's wealth is concentrated in his founding and controlling ownership of the private retail giant, Grupo Boticário.
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Miguel Krigsner's social impact is structural, stemming from Grupo Boticário's role as a massive national employer and foundational provider of essential beauty and personal care products for millions of Brazilian consumers. His Boticário Group Foundation provides a massive structural contribution to environmental conservation and biodiversity protection in Brazil (a major structural environmental commitment).
His structural contribution is tied to the successful industrialization and professionalization of the Brazilian beauty retail sector.
Miguel Krigsner maintains the professional, composed style of a corporate executive. His attire is consistently formal and high-quality, favoring tailored suits. His aesthetic reflects serious authority and stability, typical of a leader in the global retail sector.
Residing in Curitiba, Paraná, Brazil, his luxury is the immense security and financial reward derived from his multi-billion dollar fortune. His life is dedicated to retail scale, brand management, and environmental philanthropy.
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+0.45% | +$6.80M
+0.26% | +$7.02M
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