Brazil’s Richest Man Pays US$ 285,000 in Charity Auction for Lula’s Suit

Brazilian Eike Batista Eike Batista, the wealthiest man in Brazil, paid the equivalent of US$ 285,000 for the inauguration suit of Brazilian President Luiz Inácio Lula da Silva when he first took office in January 2002.

The sale was part of a charity auction to collect funds for a famous São Paulo favela (shantytown) that goes by the name of Paraisópolis, (Paradise City).
 
According to daily O Estado de S. Paulo, Batista, a tycoon with assets in the oil and steel industries, increased five times the starting price for the suit, one of the many objects and artifacts auctioned at a charity event organized by Lula’s hair dresser Wanderley Nunes and with the support from First Lady Marisa Letícia.

The auction at the chic Daslú shop in São Paulo managed to collect US$ 1.2 million, but the sum was later doubled by a matching sum from Batista, who besides the suit had also bought other articles, according to the press report.

Among the many donations for the auction were a guitar with an autograph from the Rolling Stones Mick Jagger; tennis shoes and a ball from one of Brazil’s former top basketball players Oscar Schmidt; team colors signed by soccer super stars Kaká, Pelé and Ronaldo, as well as garments from model Jesus Luz, Madonna’s current boyfriend.

The money collected is to be invested in People’s School, a literacy program for the residents of the Paraisópolis favela.

Mercopress

Tags:

You May Also Like

Brazil’s Industrial Growth the Greatest in 20 Years

The growth in industrial activity in Brazil in 2004 will be the greatest since ...

A Manaus No One Talks About

Manaus is much more than just a jumping off point for eco-tours and fishing ...

Another Made-in-Brazil Submarine is Sea Ready

The fourth submarine built in Brazil will be set to sea on Wednesday, March ...

Sí£o Paulo, Brazil, Gets Honorable Mention as World’s Robbery Capital

A new United Nations report reveals that fear of crime is driving investment away ...

IMF Chooses Brazilian for Its Top Management Team

International Monetary Fund Managing Director Rodrigo de Rato, proposed this week the appointment of ...

Brazil’s Petrobras Lowers Investments in the Next Four Years to US$ 138 Billion

Petrobras, the Brazilian state-controlled oil and gas multinational, disclosed that its board of governors ...

China, the New US of Latin America and Brazil

President Bush’s current trip to China underscores Washington’s vital interest in comprehending that emerging ...

Global Crisis Still Slowing Down Brazil’s Ethanol and Sugar Industry

The Brazilian Sugarcane Industry Association’s (UNICA) estimates project a 10% increase in sugarcane production ...

Left Creates New Party in Brazil

A manifesto signed by various leftist intellectuals marked the official inauguration of a new ...

The Brazil Risk and Brazil at Risk

In Brazil, crime has become a political party that runs not for elections, but ...

WordPress database error: [Table './brazzil3_live/wp_wfHits' is marked as crashed and last (automatic?) repair failed]
SHOW FULL COLUMNS FROM `wp_wfHits`