Ever since taking over the reins at JHSF Participacoes, the company that his father, Fabio Auriemo, founded back in 1972, Jose Auriemo Neto has proven himself to be one of the most capable leaders in Brazilian business history. He has been able to dramatically increase the market capitalization of his company, leading to its current valuation of more than $1.3 billion. At the same time, he has directed JHSF to undergo some of the most ambitious development projects that the country has ever seen. Today, JHSF Participacoes stands as the undisputed champion of the real estate development business within the country of Brazil.
One of the things that Auriemo Neto has been able to accomplish as the head of JHSF Participacoes has been proving that government does not always need to have its hand and everything related to public infrastructure projects. As some of the more dedicated libertarian thinkers may say, the government often does a worse job of developing and managing public infrastructure than the private sector would do. The problem is that the private sector rarely gets the opportunity to demonstrate their abilities at managing the commons. This is because government insists upon maintaining a monopoly over things like roads, airports and hospitals.
But under Auriemo Neto’s leadership, JHSF Participacoes has proven that this does not have to be the case regarding airports. The company recently completed the Sao Paulo Catarina Executive Airport, a private airport in the city of Sao Paulo that boast a 7,500-foot runway, which is long enough to handle almost all intercontinental-range business jets. The airport has already done an incredible job of attracting outside capital to the region, enabling the demanding jet set to get in and out of the city of Sao Paulo in a matter of minutes rather than the many hours it took previously.
The airport has been such a major success that it is being talked about as a potential model for public infrastructure projects in Brazil throughout the future. Auriemo Neto has once again proven that JHSF Participacoes is one of the most capable real estate development firms in the country and that he is one of the country’s most valuable business leaders.