Fabricio Garcia

About Fabricio Garcia

Fabricio Garcia is a grandson of Luiza Trajano Donato and Pelegrino José Donato, who founded retailer Magazine Luiza in 1957.

He owns about 8% of Sao Paulo-listed Magazine Luiza, which had revenues of $7.6 billion in 2020.

Nicknamed "the Amazon of Brazil," Magazine Luiza's e-commerce platforms account for 69% of the company's total revenues.

Along with four other family members who also own shares of Magazine Luiza, Garcia is a new addition to the Forbes Billionaires list in 2021.

His aunt, Luiza Helena Trajano, the former CEO of Magazine Luiza, owns a bit more than 17% of the retailer and became a billionaire in 2019.