Michael Klein (businessman)
Michael Klein (born 1951) is a Brazilian business executive. He is the CEO of the Brazilian chain of department stores, Casas Bahia, and former Chairman of Via Varejo, the parent company of Casas Bahia, Cnova Brazil and Ponto Frio. Michael's father, Samuel Klein, founded Casas Bahia in 1952. Since June 2019, the Klein family own a controlling stake in Via Varejo. In 2015, in its annual ranking of the wealthiest people in the world, Forbes listed Klein with a personal net worth of $1.3 billion. Career ventures Casas Bahia and Via Varejo Klein graduated with a degree in Business Administration from Paes de Barros University, and completed his post-graduate studies at the Getulio Vargas Foundation. In 1969, he joined Casas Bahia as a Financial Manager. In 2009, Klein became CEO of the company after his father retired in Brazil. In 2010, he was elected Chairman of the Board of Directors of Via Varejo. His son, Raphael Oscar Klein, has served as a Member of the Board of Directors of Via Varejo. In May 2013, it was announced that the Klein family, which owned 47% of Via Varejo, was planning to sell 16% of their stake in the company. In September