Caleb Qwofi Right
Jorge Paulo Lemann, a Brazilian investment banker and billionaire businessman, with a $20 billion net worth. He ranks among the top 100 richest people in the world and is the richest person in Brazil.
As one of the co-founders of Banco Garantia, which developed into one of Brazil’s most well-known investment banks, Jorge Paulo Lemann amassed a fortune in the 1970s. After that, Lemann was a co-founder of 3G Capital, Ambev, and GP Investments, which owns Kraft Heinz, Burger King, and other food firms.
Jorge Paulo Lemann: who is he?
On August 26, 1939, Jorge Paulo Lemann was born in Rio de Janeiro, Brazil. His parents, Paul, a Swiss immigrant who started the dairy company Leco, and Anna, a Brazilian of Swiss descent, were also there. Lemann went to Rio de Janeiro’s American School. When he was fourteen years old, his father perished in a bus accident.
During his childhood, Lemann excelled in tennis and won five Brazilian national tennis championships. He also took part in two Davis Cup competitions. Lemann pursued his education at Harvard University, where in 1960 he graduated with a bachelor’s degree in economics. Later on, he acknowledged that he didn’t enjoy his time at Harvard because it was too chilly compared to his own Brazil. Lemann participated in Wimbledon a few years after graduating.
What is Jorge Paulo Lemann’s age?
He is eighty-four years old now.
What is the net worth of Jorge Paulo Lemann?
According to estimates, he is worth $20 billion.
What is the career of Jorge Paulo Lemann?
Lemann was employed as a trainee at Credit Suisse in Geneva, Switzerland, from 1961 to 1962. Additionally, he bought stock in the 1966 insolvent lending company Invesco. Along with Marcel Herrmann Telles and Carlos Alberto Sicupira, Lemann co-founded Banco Garantia in 1971. Lemann was able to turn Banco Garantia—which Forbes praised as “a Brazilian version of Goldman Sachs”—into one of Brazil’s most prominent investment banks, despite a market collapse that occurred only a few weeks after the company was founded. Banco Garantia was acquired by Credit Suisse First Boston in 1998.
In 1993, Lemann co-founded GP Investments, a private equity business that made investments in Latin American sectors. Since its founding, the company has raised more than $5 billion from investors across the globe and has made investments in more than 50 companies across a range of industries.
Lemann grew out of his and his partners’ Brazilian investment office to co-found 3G Capital, a worldwide investment firm, in 2004. The business has made a number of noteworthy acquisitions throughout the years, including Kraft Foods in 2015, Heinz in 2013, and Burger King in 2010. Kraft and Heinz merged under the guidance of 3G Capital and Warren Buffett.
Furthermore, the corporation combined Burger King and Tim Hortons to form Restaurant Brands International, a holding company for fast food. Firehouse Subs and Popeyes Louisiana Kitchen were later acquired by RBI. Its portfolio also includes Hunter Douglas, a manufacturer of window coverings and blinds.
Lemann and his business associates bought the Brazilian breweries Antarctica and Brahma in the late 1980s. After the brewers united in the late 1990s, they founded Ambev, which went on to take the lead in the beer markets of several South American nations, such as Uruguay, Bolivia, Argentina, Brazil, and Paraguay. InBev was formed in the summer of 2004 when Ambev and Interbrew from Belgium merged. 2008 saw Anheuser-Busch acquired by InBev, making Anheuser-Busch InBev the biggest brewer in the world. AB InBev grew even more after acquiring the brewer SABMiller in 2016.
Lemann is a director of Endeavor’s Brazilian office, a non-profit that supports company owners in developing nations, in addition to his numerous other commercial endeavors. In addition, he is chairman of the New York Stock Exchange’s Latin American Advisory Committee and a board member of the Brazilian retail chain Lojas Americanas. Additionally, he established the Fundaço Estudar, which offers scholarships to students in Brazil.
