The Swiss-Brazilian banker Jorge Paulo Lemann has a $23 billion fortune. Lemann, Jorge Paulo, was born on August 26, 1939. Due to his stake in Anheuser-Busch InBev, the world’s largest brewer, Jorge Paulo is known as Brazil’s richest man. However, another business deal in 2013 brought him into the spotlight.
What does Jorge Paulo Lemann have?
In July, his private equity firm, 3G Capital, and Warren Buffet’s Berkshire Hathaway bought H.J. Heinz Company for $23 billion. Lemann had just acquired its second American household name brand. In a leveraged buyout in 2010, 3G Capital acquired Burger King, slashing approximately 4,000 jobs to boost profit margins. Lemann is also a former Wimbledon player and Brazilian tennis champion.
He is a board member of Lojas Americanas S.A., a former board member of the Gillette Company, Chairman of the New York Stock Exchange’s Latin American Advisory Committee, founder and board member of Fundaço Estudar, which offers scholarships to students in Brazil, and a member of the Credit Suisse Group and DaimlerChrysler International Advisory Boards.
Jorge Paulo Lemann’s Wealth:
Anheuser-Busch InBev, the largest beer producer in the world, is owned by Jorge Paulo Lemann, who owns 10% of the company. Additionally, with a 45 percent stake, he is a controlling partner in the investment firm 3G Capital. In 2013, 3G and Berkshire Hathaway contributed $4.1 billion to the acquisition of Heinz. It is anticipated that Lemann and his partners own 50.1% of their company’s stake in Kraft Heinz and Restaurant Brands.
Carlos Sicupira and Marcel Herrmann Telles, both billionaires, his business partners in Brazil, are his controlling shareholders at AB Inbev. The nearly $100 billion acquisition of SABMiller by AB InBev, which included the acquisition of brands like Pilsner Urquell and Foster’s Lager, was completed in 2016. Additionally, Lemann and his partners own stakes in Restaurant Brands International, the parent company of Burger King and Tim Hortons, a Canadian coffee chain.
Jorge Paulo Lemann began his career in investment banking and eventually rose to become a controlling shareholder of Anheuser-Busch InBev, the largest brewer in the world. Berkshire Hathaway and Lemann’s private equity firm 3G Capital acquired H.J. Heinz & Company in 2013. After that, Kraft and Heinz merged.
Lemann has married twice and has six children.
When criminals reportedly attempted to kidnap Lemann’s three young children in 1999, the incident also made headlines. When two cars blocked the street, a driver was taking the kids to school.
The potential kidnappers were fired first. Despite being injured, the driver was able to get the children to safety. According to reports, neither Lemann nor his children missed any classes on the day of the attempted kidnapping. In point of fact, Lemann’s tardiness was his only clue to his business partners that something was wrong. After that, Lemann would relocate his family to Switzerland.